Partners of CAN

Network members only

Network Login

Whitehaven, Egremont and District Credit Union

Attention: open in a new window. PrintE-mail

Whitehaven, Egremont and District Credit Union Logo

Opening Hours and Collection Points:

Monday – Friday: 10am – 2pm : 24 James Street, Whitehaven

Tuesdays: 9am – 9:30am : Mirehouse Community Centre, 19 Seathwaite Avenue, Mirehouse, Whitehaven and 10 - 12 at Bridge Cafe, Millom

Thursdays: 8:45am – 9:45am (term time), 9:00am – 10:am (school holidays) : Thornhill Library, Ehen Road, Thornhill, Egremont

Thursdays: 2:00pm – 3:30pm : Orgill Family Centre, Southey Avenue, Orgill, Egremont

Fridays: 10:30am – 11:30am : De Lucy Centre, 14-15 Market Place, Egremont

Sundays: 10:00am – 1:00pm : St. Benedict’s Church, Mirehouse, Whitehaven

What Is A Credit Union?

A credit union is a non-profit making financial co-operative, owned and run by its members, that offers an accessible savings facility and low interest loans to its members.

The three main aims of a credit union are:

• To encourage its members to save regularly

• To provide loans to members at very low rates of interest

• To provide members with help and support on managing their financial affairs

What Are The Benefits Of A Credit Union?

• It is an easy and convenient way to save

• It offers very low cost loans

• It gives members insurance at no direct cost

• It’s a way to learn new skills

Credit unions can provide a focal point for a community by bringing people together, to work alongside each other for their own benefit and the benefit of the community as a whole.

A credit union can help to revive the local economy by keeping money in the community. Loans to Members can mean income for local shops and businesses.

How Do They Work?

The members make regular savings, as little or as much as they wish. These savings then form a common pool of money from which loans are made to members. When members have been saving for a certain period of time (10 weeks) they can apply for a loan from the pool. Interest on the loan is charged from only 1% per month, on the monthly reducing balance, which is equal to typical 12.68% APR.

Are They Insured?

They are insured against fraud and theft. FSA Banking Scheme up to £50,000.

They provide life and loan protection insurance at no direct cost to the member, payable to a nominated beneficiary. Age restrictions apply

The loan protection insurance covers the amount of your loan outstanding.

Who Can Join A Credit Union?

To become a member of the Credit Union, you must be a part of the ‘common bond’. This is something that all potential members of the Credit Union share in common and it limits who can become a member. Our common bond area is Cumbria wide. You must live or work in this area to be eligible to join the Credit Union.

Saving With Us

Think about it this way…

Save £2 A Week Save £5 A week
After 1 Year........ £104 £260
After 2 Years...... £208 £520
After 3 Years...... £312 £780

The Credit Union will also endeavor to give its members an annual dividend (interest on savings), usually paid in May – it pays to save!

Taking out a loan with us…

We offer affordable loans, here are some examples:

Amount of loan Number of Weeks Weekly Repayment Total Repayable
£100 52 £2.04 £106.45
£200 52 £4.13 £212.82
£500 52 £10.41 £531.88
£1,000 52 £20.81 £1,063.91

To join or find out more information

Contact Whitehaven Office, 24 James Street Whitehaven - telephone 01946 66755


Areas of Advice

Debt & Money Signposting, Employment, Family & Personal, Volunteering Opportunity.


Type of Organisation

Community Group and Industrial & Provident Society


Membership of Professional Bodies

Financial Conduct Authority

Affiliated to ACE

Registered Industrial & Provident Society