Welcome to First Dorset Credit Union
We are the co-operative savings and loans organisation for Dorset, a community based organisation, staffed by local volunteers.
We provide our members with a safe and ethical place to save, up to £15,000, and with affordable loans.
We can offer loans from £50 to £7,500 depending on your circumstances. Our repayment schedules are negotiable and we will agree payment details with you – even if you don't have a bank account or can't get credit with high street banks
Our interest rates are low, with no hidden charges. You need just £5 to join: a £4 joining fee, and £1 to open your own savings account.
Unlike banks, we are not here to make big profits; we charge interest starting at just 1% per month on the reducing balance (12.7% APR). This interest is used to cover our costs. Any surplus would be paid back to members as an annual dividend.
Friendly. At all times members are treated with respect and courtesy. Your personal details will be kept in strict confidence.
First Dorset Credit Union is regulated by the Financial Conduct Authority and the Prudential Regulation Authority. We also belong to the Financial Services Compensation Scheme which guarantees 100% compensation for all your savings (maximum £85,000). The current maximum savings a member can have is £15,000 which means all savings with us are covered under this scheme.