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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, a form of community bank, owned and managed by its members. The objective of a Credit Union is to provide a community based facility for secure savings and a source of low interest loans for its members.

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.

Some Credit Unions also offer death benefit insurance, which covers shares and loans, at no direct cost to the member.

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 revive the local economy by keeping money in the community.

How do they work?

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. 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.

If the Credit Union makes a surplus this money is divided between the members in the form of a dividend.

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. or 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 £75000.

Credit Unions are independently audited every year.

Credit Unions in Tameside


Cashbox Credit Union

Cash Box Credit Union
Council Offices
Clarence Arcade
Stamford Street

Telephone Number 0161 342 3266 

Hours of Business:

Monday to Friday:  9.30am – 3.30pm

Collection Times:

Tuesday:  10.00am - 12.00 noon
Friday:  11.00am - 1.00pm


Denton Town Hall
Market Street
M34 2AP

Telephone Number 0161 342 2358

Collection Times:

Monday: 1.00pm - 2.00pm
Friday: 10.30am - 12.30pm


Stall 24
Hyde Market Hall
SK14 2QT

Telephone Number 0161 366 8598

Collection Times:

Wednesday: 10.00am - 12.00pm
Saturday 09.30am – 11.00am

Stalybridge – Big Local Hub

Telephone Number 0161 465 5447


Collection Times:

Monday: 1.00pm – 4.00pm
Wednesday: 9.00am – 12.00noon

Manchester Credit Union

The Hub
Stockport Road
SK14 6NT

Website: Link to External Website 
Telephone Number 0161 368 0894
Twitter: Link to External Website
Hours of Business:
Monday - Friday: 9am – 12.30pm


Credit Union Trade Associations