Clackmannanshire Credit Union 4+

We are a financial co-operative based in Clackmannanshire.

Members can now access Credit Unions services from a phone app.

Existing members can quickly verify they are the account holder and sign in.

Using fingerprint login, users can access balance information, apply for a share withdrawal or loan and check for the result of applications.

Unsecured loan interest rate: 12.68% APR (1% monthly, 12% annually)
Secured loan interest rate: 8.34% APR (0.67% monthly, 8.04% annually)

Loan term: 3 months to 5 years. (10 years secured)

Non members can apply to join.

The maximum term for an unsecured loan is five years. Unsecured loans have an interest rate of 12% per annum charged daily (APR 12.68%)
The maximum term for a secured loan is 10 years. Secured loans have an interest rate of 8% per annum charged daily (APR 8.34%)



A £1000 unsecured loan taken over 18 months would require 18 monthly repayments i.e. 17 payments of £62 with an additional final payment of £41.72
The total cost of the loan would be £96.15 charged in interest and the total sum repayable would be £1096.15



A £1000 secured loan taken over 18 months would require 18 monthly repayments i.e. 17 payments of £60 with an additional final payment of £43.39
The total cost of the loan would be £63.68 charged in interest and the total sum repayable would be £1063.68