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Credit Unions

Telephone Number Telephone List of Credit Unions in Tameside

What is a Credit Union?

A Credit Union is a financial co-operative which offers convenient savings and low interest loans to its members. The members own and manage their credit union themselves. To become a member of Cash Box Credit Union you must either live or work in Tameside.

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 (if required).

What are the benefits of a Credit Union?

  • It is an easy and convenient way to save and borrow.
  • It offers low cost loans.
  • Insurance at no direct cost.

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 (usually about 12 weeks) they can apply for a loan from the pool. Interest on the loan is usually charged at only 2% per month on the monthly reducing balance, 26.8% Annual Percentage Rate (APR). The interest charged on loans is the credit union's income.

Loan Repayment Interest Table

APR fixed at 26.8% for repayment over 52 weeks. Please note this is for illustrative purposes only:

Amount of loan given: £100
Total Interest due: £12.69 Total amount due: £112.69 Weekly Repayments: £2.17
Amount of loan given: £500
Total Interest due: £63.53
Total amount due: £563.53
Weekly Repayments: £10.84
Amount of loan given: £1,000
Total Interest due: £127.06
Total amount due: £1127.06
Weekly Repayments: £21.68
Amount of loan given: £3,000
Total Interest due: £381.23 Total amount due: £3,381.23
Weekly Repayments: £65.03

How do you join a Credit Union?

Have a look on the Credit Union’s website.

www.cashbox.org.uk Link to External Website or www.manchestercreditunion.co.uk Link to External Website


Credit Unions are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Your money is protected by the Financial Services Compensation Scheme (FSCS) in the same way as UK regulated banks and building societies up to £85000.

Credit Unions are independently audited every year.

Credit Unions in Tameside

Cashbox Credit Union

Cash Box Credit Union
Council Offices
Wellington Road

Telephone Number 0161 342 3266

www.cashbox.org.uk Link to External Website

Hours of Business:

This is our registered office. If you wish to visit please phone or email to make an appointment (just so we can ensure that the relevant personnel are available).


Ground Floor
Tameside Council Offices
Wellington Road

Hours of Business:

Tuesday: 10.00am - 1.00pm
Friday 11.00am - 1.00pm


Denton Town Hall
Market Street
M34 2AP

Telephone Number 0161 342 2358

Hours of Business:

Monday: 11.30am - 12.30pm
Friday: 11.00am - 1.00pm


Stall 24
Hyde Market Hall
SK14 2QT

Telephone Number 0161 366 8598

Hours of Business:

Monday: 10.00am - 12.00pm
Wednesday: 10.00am - 12.00pm
Saturday 09.30am – 11.30am


Mossley Youth Base
The Rowans

Hours of Business:

Friday 10am to 12 noon


New Charter Housing
Estate Management Office
10 Poplars Road
SK15 3EN

Hours of Business:

Tuesday 10am to 12 noon

Manchester Credit Union

Dukinfield Town Hall
King Street
SK16 4LA

Telephone Number 0161 231 5222
E-mail Adressinfo@manchestercreditunion.co.uk
Hours of Business:
Wednesday: 11am – 3pm
The Hub
Stockport Road
SK14 6NT

Website: www.manchestercreditunion.co.uk Link to External Website 
Telephone Number 0161 368 0894
E-mail Adressinfo@manchestercreditunion.co.uk
Twitter: @McrCreditUnion Link to External Website
Hours of Business:
Monday - Friday: 9am – 12.30pm

Credit Union Trade Associations

Page last updated: 20 January 2015