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Tel: 01902 572340 Email: contactus@wccul.co.uk

News

Latest news

17-August-2017

Get them back to school in style with an affordable credit union loan

The cost of kitting out your youngster for the new school term could be nearly £200.Researchcarried out last year showed that parents of children aged between four and 16 years spent an average of £186 per child. Most of the money around &...

11-August-2017

Credit union members share their top tips for cutting back to school costs

Back to school presents one of the biggest financial headaches of the year for parents. The costs of uniforms, sports kits and equipment can set us back around £200 a child. Do you really need to spend that much? We asked WCCU parents for their ...

7-August-2017

Credit unions - are they ‘banks’ you can love?

Wolverhampton City Credit Union chair Alf Williams explains why credit unions are loveable.Remember the 2007/8 banking crisis which plunged the world into recession? The reputation of the banks and bankers was shattered as their greed, hubris and ris...

7-August-2017

Still time to escape to the sun with our low interest loan

Fed-up of the cold, wet summer we're having? There's still time for you to chase the sun with our special summer loan for payroll scheme members.Workers who join WCCU's payroll deduction scheme this summer will be able to apply for an affordable ...

1-August-2017

Responsible lending - it’s what sets the credit union apart

When there's more month than money, it's hard to resist the messages to borrow. They're everywhere. On our high streets and shopping centres, TVs, newspapers and email inboxes. And if you're struggling to make ends meet or to deal with an unexpected ...

24-July-2017

POP-UP COMMUNITY BANK AIMS TO DRIVE OUT THE HIGH INTEREST LENDERS

A pop-up community bank launches at Low Hill Community Centre on Kempthorne Avenue on Wednesday July 26 in a bid to drive out the high interest lenders and loan sharks from Bushbury, The Scotlands and Low Hill.Launched by not-for-profit W...

11-July-2017

Sign up a friend, neighbour or relative to the credit union and we’ll pop a tenner in your account

To all our members who live or work in WV10: Sign up a friend, neighbour or relative to the credit union and we'll pop a tenner in your accountWe're celebrating the opening of our first pop-up credit union at Low Hill Community Centre on Wednesda...

6-July-2017

Credit union supports community initiative aimed at engaging young people

Long-standing Wolverhampton City Credit Union member and businessman Rob Allen is the architect of a unique project aimed at building the confidence and resilience of young people.The proprietor of Sian Computers in Collingwood Road, Bushbury, is...

3-July-2017

New finance partnership in Bilston aims to beat the high interest money lenders

A new finance initiative is being launched in Bilston to help local people beat high interest lenders and loan sharks with affordable loans.Local charity Gazebo has joined forces with not-for-profit community Wolverhampton City Credit Union (...

3-July-2017

Let the fun and gaming begin!

Do you know a young gaming fanatic? Then let them know they could pit their skills against other youngsters in this year's Wolverhampton Gaming Tournament open to 7 to 18-year-olds.Youngsters are invited to register for the tournament on Satu...

20-June-2017

Even more in common

Wolverhampton City Credit Union's chair, Alf Williams, on how credit unions can bring hope and unity in a divisive world.Charmaine and Dean are members of the same community. They have never met and are not likely to. On the face of it, they have lit...

20-June-2017

‘Pop-up’ credit union aims to beat high interest lenders and loan sharks in WV10

Wolverhampton City Credit Union (WCCU) opens its first 'pop-up' community bank at Low Hill Community Centre next month in a bid to help local people steer clear of high interest lenders.The not-for-profit community bank opens its Affordab...

5-June-2017

Summer loan offer for payroll members

Workers who join WCCU's payroll deduction scheme this summer will be able to apply for an affordable loan of £1,000 at a special rate of just 1.25% a month. Existing credit union payroll members can apply for a loan of up to £10,000 at ...

1-June-2017

Sign up your employer and we’ll give you £50

Members tell us that saving directly from their salary is the best way to grow a nest egg. And now we've got a great offer for members who sign up their employers for the credit union's payroll deduction scheme.To get more companies on board, the cre...

31-May-2017

Community bank spotlights the high interest lenders

Not-for-profit community bank, Wolverhampton City Credit Union (WCCU), is hoping to save local people up to £2 million in 2017 by highlighting the loan rates charged by high interest lenders.The credit union is owned and controlled by lo...

16-May-2017

Struggling to get a bank loan? We’re here to help

Does this sound like you?You don't have a perfect credit history. You might have missed or been late with some repayments in the past. Maybe you've changed jobs or addresses quite often? You might have some debt already. You might even have a County ...

16-May-2017

WCCU joins forces with Fire Service to save lives

Did you know that people are up toseven times more likely to die in a house fire where there are no working smoke detectors?That's why WCCU has joined forces with West Midlands Fire Service to make sure credit union members have working smoke detecto...

8-May-2017

Tackling money worries in the workplace

Why should employers be concerned about financial wellbeing?Around 60 per cent of stress-related absence at work is for non-work causes, according to the Chartered Institute of Personnel Development (CIPD). The increase in personal debt and g...

2-May-2017

New Article

Survey reveals high levels of satisfaction with Wolverhampton City Credit UnionA survey of Wolverhampton City Credit Union (WCCU) members has revealed continuing high levels of satisfaction and enthusiasm for the community bank's innovative approach ...

21-March-2017

Credit union and employers promote financial wellbeing at work.

Our partnerships with local employers help hundreds of working people in Wolverhampton and South Staffordshire to save flexibly and borrow affordably at work.By giving their staff access to our fairer finance at work, employers are helping to tackle ...

20-March-2017

Your opinion could change us for the better.

Hundreds of members took part in last year's service improvement survey. As a result, we brought in improvements you asked for including the availability of larger loans, online banking and a mobile banking app.We don't just listen, we act on what yo...

19-March-2017

Standing up for mums

Getting ready to celebrate Mother's Day? We'd like to celebrate the brilliant job that mums do in budgeting, because bringing up kids has never been more expensive. In total, the typical parent can expect to spend £231,843 raising a child born i...

17-March-2017

Online banking down for maintenance 09:00am to 12:00pm Saturday 18th March

The online banking will be unavailable from 09:00am to 12:00pm on Saturday 18th March while essential maintenance is carried out. Our apologies for any inconvenience caused.

16-March-2017

Chair reports a year of 'growth and innovation'

The credit union's Chair of the Board of Directors, Alf Williams, reported at year of 'growth and innovation' at the Annual General Meeting on Thursday March 16, 2017.Here is his report in full:Ladies and gentlemen, fellow directors, members of staff...

16-March-2017

Annual Report and Accounts 2016

Ahead of the WCCU Annual General Meeting on Thursday 16th March, members can now view our Annual Report and Accounts for the year ended 30th September 2016. The AGM will be held at the LifeSpring Church, 34 Clifton Street, WV3 0QT from 6.00pm to 8.00...

14-March-2017

Credit union’s strong growth in ethical lending saves local people over £1 million in high interest

Wolverhampton and South Staffordshire's biggest community-based credit union has reported record levels in ethical lending which has saved local people £1,018,336 in the interest they would have paid on high interest payday and doorstep loan...

10-March-2017

Why doing an apprenticeship was the best step for my career

In May 2012, I was volunteering at the PDSA when my NVQ assessor cajoled me into applying for a job at the credit union. I can still remember her pushing the job description form across the till.I'm no good at maths, I said.This role is mostly custom...

8-March-2017

Why women need credit unions

Board director Hazel Malcolm marks the changes in women's relationship with money...It may come as a surprise to younger women credit union members to learn that in the 1970s, women frequently had to get the permission of their husband or father befo...

2-March-2017

Credit union starts its premises makeover

Wolverhampton City Credit Union has started a makeover of its premises. This update to the credit union will help make the space brighter and more inviting to members. The makeover will take a few weeks, so we ask that members bear with us while the ...

21-February-2017

How I stopped worrying about money and started living

Being made redundant was one of the best things that ever happened to me. That probably sounds ridiculous especially to people struggling to find work.But it was the wakeup call I needed to stop the disastrous way I handled money.Even though I had a ...

31-January-2017

Sign up your employer and we’ll give you £50.00

Members tell us that saving directly from their salary is the best way to grow a nest egg. And now we've got a great offer for members who sign up their employers for the credit union's payroll deduction scheme.To get more companies on board, the cre...

9-January-2017

Early closing on Wednesdays starts on February 15, 2017

Starting from February 15, 2017, the credit union's Worcester Street branch will close early at 1:00pm on Wednesdays for staff training. Manager Matt Goulding said: Given the pace of growth and change in the credit union, it's vital that we keep inve...

30-December-2016

Make a pledge to save in 2017

Wolverhampton City Credit Union is launching a campaign to help hundreds more people who live and work in WV to save 'little and often' in 2017.The Worcester Street-based not-for-profit community bank believes more people will achieve pea...

20-December-2016

A Christmas message from WCCU

As it comes to a close, I think many of us would agree that 2016 has been a difficult and challenging year. Brexit and the election of a new US president are the big national and international events that will impact upon us all, though in what ways,...

20-December-2016

Christmas top-up loan application deadlines

We have two deadlines in place for top-up applications: December 16 and December 22. Here we explain what each deadline is for.December 16 deadline: If you need a top up but your total loan balance will go over £1,000 (e.g. you currently hav...

7-December-2016

Credit union supports appeal for city night shelter

As members of a credit union, we know the value of being part of a community of people who are committed to helping each other save and borrow affordably. But WCCU's staff member Lisa Summers has noticed over the past year the growing number of homel...

5-December-2016

Enter our Christmas prize draw for an iPad

There's just a couple more weeks to enter our prize draw to win an iPad in time for Christmas.To enter, just register for online banking or our mobile banking app and transact online by 12 noon, Monday December 19, 2016.You need your membership numbe...

30-November-2016

Christmas Opening Hours 2016 and Bank Transfers

We are open on the following days over Christmas:Friday December 23 10.00am to 4.00pmWednesday December 28 9.30am to 2.00pmThursday December 29 9.30am to 2.00pmFriday December 30 9.30am to 2.00pmTuesday January 3 10.00am to 4.00pmIf you ring us ...

29-November-2016

Credit Union celebrates Living Wage Commitment

The Living Wage Foundation is pleased to announce that not-for-profit community bank, Wolverhampton City Credit Union, has today been accredited as a Living Wage employer.The Living Wage commitment will see that everyone working at Wolverhamp...

28-November-2016

Wolverhampton Emergency Night Shelter Christmas Appeal

The lights are blazing; the shops are heaving. We've already had our fill of mince pies. It's beginning to feel a lot like Christmas. But we're conscious that the season can feel lonely and bleak for many people. So this year, the credit union has co...

18-November-2016

Community bank saves residents £85,000 on high interest Christmas loans

Not-for-profit community bank Wolverhampton City Credit Union has saved residents in the city and South Staffordshire £85,000 in interest on Christmas loans.The Worcester Street-based credit union is offering low interest Christmas l...

14-November-2016

Low interest loan for WV workers aims to cut the financial stress of Christmas

The not-for-profit Wolverhampton City Credit Union has launched a special low interest loan for WV workers to help spread the costs of the festive season while avoiding problem debt and hardship in the New Year.A loan of up to £1,000 is ...

9-November-2016

Spread the costs of Christmas with an affordable loan

Not-for-profit community bank Wolverhampton City Credit Union is offering low interest Christmas loans to help people avoid problem debt and financial hardship in the New Year.Open to people living or working in a WV postcode area, the credit...

9-November-2016

Low interest loan for WV workers aims to cut the financial stress of Christmas

The not-for-profit Wolverhampton City Credit Union has launched a special low interest loan for WV workers to help spread the costs of the festive season while avoiding problem debt and hardship in the New Year.A loan of up to £1,000 is ...

12-October-2016

Responsible lending - it’s what sets the credit union apart

When there's more month than money, it's hard to resist the messages to borrow. They're everywhere. On our high streets and shopping centres, TVs, newspapers and email inboxes. And if you're struggling to make ends meet or to deal with an unexpected ...

26-September-2016

Office closure for staff training

The credit union will close at 2:00pm on Wednesday 28th September for staff training. We will be open again at 10:00am on Thursday 29th September.

20-September-2016

Staff Meeting Wednesday 21st September

The credit union will be closed from 12:30pm on Wednesday 21st September for staff training. We will be open again at 10:00am on Thursday 22nd September.

20-September-2016

Free online membership to beat exploitative lending

Wolverhampton City Credit Union is now offering free online membership in a move to take on the payday lenders, rent-to-own stores and loan sharks operating in Wolverhampton and South Staffs.Credit union manager, Matt Goulding, said: Pay day ...

14-September-2016

Council scheme encourages workplace savings and affordable borrowing

A scheme to encourage council employees to save or have access to low interest loans is being launched this week at the City of Wolverhampton Council.The council has joined forces with the city's only community-based credit union to enable staff ...

14-September-2016

A happier, more productive workforce at minimal cost? That makes sense

Thousands of workers in Wolverhampton and South Staffordshire have access to flexible savings and affordable, ethical loans, thanks to WCCU's Payroll Deduction Scheme.By giving their staff access to fairer finance provided by the credit union, local ...

12-September-2016

Christmas Loans Cut Off Dates 2016

The cut off dates to apply for Christmas loans are here!New loan applications - Friday 2nd DecemberTop up applications - Friday 16th DecemberInstant top up loans will be available up until Christmas Eve.

11-August-2016

Campaign promotes affordable loans for mums in Wolverhampton and South Staffordshire

Wolverhampton City Credit Union is helping to keep local mums from the clutches of payday and high interest lenders with a campaign to promote ethical loans to meet the big expenses of family life.Mums are being invited to save all or part of their C...

22-July-2016

Wolverhampton City Credit Union launches new mobile app

Wolverhampton City Credit Union, the biggest community-based credit union in Wolverhampton and South Staffordshire, has launched a brand new mobile app. WCCU is one of the few credit unions in the country to have its own mobile app and to provi...

19-July-2016

Why should young people join credit unions?

Hi! I'm Jazzmynne, and I've been working at Wolverhampton City Credit Union (WCCU) since 2012. I started out as an apprentice and now I'm an administration assistant. I may or may not be a young person by today's standards (I'm 25), but I recogn...

13-July-2016

“The credit union is there for people like us”

Help and support is not always forthcoming for people working hard to set up a small business. When bookkeeper Miss Hodgkiss of South Staffordshire asked for a bit of help with a major purchase, she drew a blank until someone recommended Wolverhampt...

11-July-2016

Community bank's new online facility will help it take on high interest payday lenders

Wolverhampton City Credit Union today launches an online banking facility in a bid to beat the payday lenders at their own game.The not-for- profit community bank which is owned and controlled by its 7,300 members, has pledged to take on the ...

7-July-2016

Mayor of Wolverhampton officially launches online banking

Wolverhampton City Credit Union today launches an online banking facility in a bid to ‘beat the payday lenders at their own game’.  The not-for-profit community bank which is owned and controlled by its 7,300 members, has pledged...

6-July-2016

Credit union members take to online banking

On the eve of the official launch of Wolverhampton City Credit Union’s online banking facility, members have given it an enthusiastic thumbs-up. During a ‘soft launch’ hundreds of members have logged on and now, nearly 25 per ...

6-July-2016

Low Hill Volunteers Offer Help and Advice to Local Residents

The strength of credit union membership in Wolverhampton’s Low Hill is down to the brilliant voluntary work of long-standing members Tony Blakeway and Eileen Owen. Founder members of the N.E.W. Friends Credit Union which recently me...

15-June-2016

Wolverhampton City Credit Union welcomes new board members

Wolverhampton Homes professionals Heather Leary and Linda Evans will be helping to lead the not-for-profit community bank as it embarks upon a major period of growth and modernisation. Heather has worked in housing for over 30 years and ...

9-June-2016

A happier more productive workforce at minimal cost? That makes sense.

Debt and money worries are among the main causes of employee stress. Result: illness, absenteeism and reduced productivity. A Wolverhampton City Credit Union payroll scheme can help your employees to save regularly. It can also help to prevent deb...

28-May-2016

Members log on to online banking

Hundreds of Wolverhampton City Credit Union members have logged on to its new online banking facility. And after just two weeks of the trial launch, around 20 per cent of transactions are now conducted online. WCCU is set to become one of a hand...

26-May-2016

We’re recruiting a Customer Service Apprentice

We’re recruiting an apprentice to work in customer services in our Worcester Street branch. Our two previous apprentices have gone on to do great things. Jazzmynne from Penn won a national award for her credit union work and is now deliveri...

20-May-2016

Co-op Bank technical difficulties 20th May 2016

If you are expecting a payment into your bank account at 4pm today, we have submitted the payments but the Co-op Bank (who process these payments) are experiencing technical difficulties. They are working to resolve the issue and we hope you will...

19-May-2016

You said, we did: listening to our members

   Over 400 members took part in our recent Serve U Better service improvement survey - and came up with great suggestions. We’re already working on the major developments like online banking and bigger loans. But members came up with sco...

16-May-2016

Members are invited to trial online banking

Over 2,000 members of Wolverhampton City Credit Union are being invited to trial the community bank’s new online banking facility.The Worcester Street-based credit union is set to become one of a handful in the UK to provide online banking t...

13-May-2016

Credit union invites Wolves’ fans to take on the payday lenders and loan sharks

The only community-based credit union serving Wolverhampton and South Staffordshire is inviting Wolves’ fans to join for free in a bid to beat high interest payday lenders and loan sharks. Owned and controlled by its 7,000 plus members, t...

11-May-2016

Credit union closed at 12:30pm today (Wednesday 11th May)

The credit union will close at 12:30pm today for staff training (Wednesday 11th May).We’ll be open again at 10:00am on Thursday 12th May.Apologies for any inconvenience caused!

11-May-2016

Online Banking is on its way!

If you have visited www.wccul.co.uk recently and logged in to your account, you may have noticed that the Members’ Area looks a bit different. We’re setting up online banking so that you’re able to check your balance online, make tran...

8-May-2016

Ethical lenders must take on and beat the payday lenders

Wolverhampton City Credit Union has pledged to redouble its efforts to promote ethical loans to rebut the high profile sponsorship of Wolverhampton Wanderers by payday lenders, The Money Shop. Matt Goulding, manager of WCCU, a not-for-prof...

6-May-2016

How good neighbours can beat exploitative lending

By Alf Williams, Chair of the Board of Directors I meet many members who tell me they choose to save with a credit union precisely because they know their money will help others access affordable loans. Saving with a credit union is neighbourli...

3-May-2016

Savers & borrowers in Whitmore Reans bank on WCCU

Wolverhampton City Credit Union (WCCU) has approved £54,000 worth of ethical loans for members of the former Whitmore Reans Credit Union which closed in March. Local residents have also banked nearly a quarter of a million pounds of saving...

27-April-2016

Credit union launches shirt to promote ethical lending

A community bank has launched its own shirts in a bid to promote ethical loans in the face of the Wolves’ sponsorship deal with payday lender The Money Shop. Wolverhampton City Credit Union (WCCU) is calling on Wolves supporters and community...

26-April-2016

Why I took out a payday loan - and why I never will again

A Wolverhampton City Credit Union member describes her brief encounter with a payday loanWhat do you do when you’re a young single mum of one and you’re gradually sinking into debt?It happened to me when my daughter was five. Shortly after ...

23-April-2016

Response to Wolves’ statement of 22nd April

We intend to give careful consideration to the proposals set out by Wolves in response to the very serious concerns raised by their own supporters, elected members and organisations like ourselves. In doing so, we will remain steadfastly focused on d...

18-April-2016

Community bank pledges to fight power of Wolves’ deal with The Money Shop

A Midlands credit union has pledged to redouble its efforts to promote ethical loans to rebut the high profile sponsorship of Wolverhampton Wanderers by payday lenders, The Money Shop. Matt Goulding, manager of Wolverhampton City Credit Union, a not...

14-April-2016

Why we won’t be wearing the Wolves’ strip next season

 Dear members, Judging by the smiling faces in the press yesterday confirming that The Money Shop will be the sponsor of Wolverhampton Wanderers, we know there is little point in asking the club to reconsider its decision. The deal is done. ...

12-April-2016

Survey reveals high levels of satisfaction and a call for more online banking

More online banking and larger loans are among the main suggestions emerging from Wolverhampton City Credit Union’s biggest ever survey of members. Nearly 400 members shared their views and ideas in the service improvement survey launched earli...

30-March-2016

Why your money is safe with Wolverhampton City Credit Union

With Whitmore Reans Credit Union going into voluntary liquidation, some members are asking, ‘is our money safe with Wolverhampton City Credit Union?’ The answer to that question is a wholehearted ‘yes, your money is safe with us’ ...

24-March-2016

Closed for the Easter break!

The credit union is closed on Friday 25th March and Monday 28th March for the Easter break. We’ll be open again on Tuesday 29th March at 10:00am. Happy Easter to all our members!

24-March-2016

Important Statement from Alfred Williams, Chair of the Board of Directors

As some of you may be aware from local press coverage, it was announced on Monday March 21, 2016 that Whitmore Reans Credit Union is going into voluntary liquidation. All the savers of this organisation have been paid in full by the Financial Service...

22-March-2016

Strong performance by WCCU yields annual dividend of 2% for savers

Wolverhampton and South Staffordshire’s biggest credit union has reported record levels of savings and loans and 25 per cent growth in new members. At their annual general meeting (Monday March 21, 2016), members of Wolverhampton City Credit...

18-March-2016

WCCU Annual Report

Ahead of our Annual General Meeting, members can now view our Annual Report for the year end 30th September 2015.The AGM will be held at the Arena Theatre on Monday 21st March at 6pm and all members are welcome to attend.View the Annual Report here:D...

9-March-2016

Annual General Meeting 2016

This year’s AGM will be held at Arena Theatre on Monday 21st March at 6pm. It’s your chance to hear how the credit union has been operating over the last 12 months. All members are welcome to attend and attendees can also enter a priz...

24-June-2015

Credit union merger will help to drive out payday lenders and loan sharks

The merger of two Wolverhampton credit unions has been hailed as a major victory in the battle to rid the city of loan sharks and high interest payday lenders. The city’s Low Hill-based NEW Friends Credit Union will merge with Wor...

24-June-2015

Wolverhampton’s credit unions merge in bid to drive out payday lenders and loan sharks

The merger of two Wolverhampton credit unions has been hailed as a major victory in the battle to rid the city of loan sharks and high interest payday lenders. On 1st June, the city’s Low Hill-based NEW Friends Credit Union will merge with ...

23-March-2015

National award winner Jazzmynne urges more young people to join a credit union

The 24-year-old Wolverhampton winner of a national award for promoting credit unions hopes more young people from the city and South Staffordshire will turn to ethical community banking.Former Royal School pupil Jazzmynne Dixon, of Penn...

10-March-2015

WCCU welcomes cap on high interest payday lenders

The biggest credit union in Wolverhampton has welcomed decisive action taken against high interest payday lenders. But Wolverhampton City Credit Union manager Matt Goulding said one unintended consequence of the move by the Financial Conduct Authori...

16-December-2014

The mark of a good employer? A payroll partnership with a credit union

It’s a tough time being a good employer right now.  Since 2008, most organisations have undergone major cost-cutting programmes resulting in restructures and, in the case of the public sector in particular, major job losses too.  Downsizing ...

1-December-2014

Campaign aims to drive out high interest lenders and loan sharks

A community bank that offers low interest loans has today (Monday December 1, 2014) launched a campaign to recruit 5,000 new members to loosen the grip of payday lenders on families in Wolverhampton and South Staffordshire. Wolverhampton City Credit...

10-November-2014

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  • Wolverhampton City Credit Union
  • Tel: 01902 572340
  • Email: contactus@wccul.co.uk