It's your Credit Union
GMB Credit Union was established in 1999 as a simpler, fairer savings and loans provider for GMB members and their families nationally.
We are 100% owned and operated by GMB members and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulator Authority (PRA). Member savings are fully protected up to £85,000 by the FSCS.
As a member owned financial institution we are focused not on profit but on the financial wellbeing of our members. We prefer a simpler approach to finance and ensure that money circulates for the benefit of the GMB community by pooling member savings and then lending to other members.
We promote wise borrowing and aim to save members money through very affordable loans. GMB members can apply for a member loan straight away and there is no need to save before borrowing. To date GMB members have borrowed over £75 million from their Credit Union.
We encourage members to save and to support this objective we offer a very competitive annual dividend on all our easy access savings accounts. The dividend is paid annually and was 0.6% for year ending 2020.
GMB Credit Union belongs to its members so take advantage of this unique GMB member benefit and enjoy competitive, simple, secure, socially responsible financial services.