Making your savings work for you!
The Bakers Food and Allied Workers Credit Union (BFAWCU) is open to all members or employees of the Union. It gives members the opportunity as a group of people in a common bond to save together and lend to each other at a reasonable rate of interest.
The BFAWCU offers members the chance to have control over their finances by making their own savings work for them. Regular savings form a common pool of money which in turn provides many benefits for members.
The Credit Union exists only to serve its members, not to profit from them. It is non-sectarian, non-political and continues the tradition of co-operative self-help.
Each member becomes an owner of the Credit Union
Every person who saves with the BFAWCU automatically becomes an owner and has a say in its running. Each member has one vote in the running of the Credit Union. As a democratic financial co-operative, the Credit Union is controlled by its members.
Benefits of membership
Most financial institutions are in the business primarily to make a profit. Your Credit Union is different. The Bakers Food and Allied Workers Credit Union is in business solely to help its members. It is owned by its members and regulates its affairs in the best interests of its members. As a member of the Credit Union you can enjoy many benefits including:
control over your own finances
encouragement and advice on a regular savings programme
loan availability at relatively low rates of interest, which remains consistent even during times of economic turbulence
security of savings through the Credit Unions Fidelity Bond