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About Us

Scottish Univerisites Community Bank is a not-for-profit financial institution serving the employees of all Scottish Univerisites and Colleges.  We are the only organisation focused solely on the employees of these institutions.

 

We help professors, lecturers, researchers, administration staff, services staff and students build savings and borrow affordably.

 

Scottish Universities Community Bank is a mutual association which encourages our members to save on a regular basis, as little or as much as they can.  These savings are pooled and used to give fair, competitive loans to every member, charged at a flat rate of interest you can find on our products page.

Introductory Loan

 

Christmas is fast approaching and we know some people are not able to prepare as much as they’d like, at SUCB, we want to offer all our members a helping hand.  Our Introductory Loan is a great alternative to high-cost credit when paying for this year’s Christmas.

 

Our Introductory Loan allows you to borrow up to £1,500 without any prior savings in your account with us. Better yet, the Introductory Loan is repaid over 12 months and we take a portion of each repayment and pop it straight into your savings account – meaning you save money even as you borrow!

 

What You Need To Know

 

  • We only charge 1.75% (23.14% APR) per month for our Introductory Loan.
  • Introductory Loans must be paid off over 12 months and re-paid completely before you can apply for another loan.
  • Part of your monthly repayment goes back into your savings account, meaning you save even as you repay!
  • At the end of your repayment period, you’ll have enough in your savings to borrow again.
  • We consider loan applications greater than £1,500 for new members on a case-by-case basis. If you would like more than £1,500, please call the office, and we will be happy to discuss your options with you.

 

Applying for our Introductory Loan couldn’t be easier. Join today to be eligible to apply automatically, t&cs apply.

Member Feedback

  • I could not do without the flexibility of the bank. It has been an valuable tool for me for years and I have achieved things through saving with them I would never have been able to do otherwise.

    Anon

  • Carol and the team are simply fantastic and go above and beyond to meet the needs of every customer. Thanks so much for your continued help and support.

    Anon

  • Top class customer service with stafff who are prepared to go that extra mile.

    Anon

  • Saving money directly from my pay helps me manage my money in alternative way to a traditional bank. There is also the ability to borrow money with ethical advice about repayment and at favourable rates. It has helped my family save for holidays and other expenses. The App allows access to your savings when you need them and the staff are all friendly and helpful. I would highly recommend the Credit Union to my colleagues

    Mark, Napier University

  • "I love the Credit Union and cannot think of a better way to save and borrow at the same time. We have had many happy holidays and wouldn’t have been able to visit Jamaica six times without their help!"

    Tricia, The University of Edinburgh

  • "Having the funds taken off of your salary means that you never miss a payment. I use the Credit Union mainly for our holidays but many a time over the years, having access to savings have meant that emergency jobs or big household purchases have been easy to achieve."

    Helen, The University of Edinburgh

  • "I'm delighted with the service they supply, they are always very helpful and they are very responsive, I will be using them for a long time to come."

    Liam, The University of Edinburgh