Please find our office opening times over the Christmas period below.
Please note that our phone lines will also be closed at these times during the holidays.
Withdrawal requests made online or using the mobile app after 12pm on 22nd and 29th of December will be processed the following open morning, according to the schedule below.
Debt advice charity National Debtline has today released its new #peaceofmind campaign to highlight that one in seven people are worrying about money every day in the run-up to Christmas.
Christmas is a time for giving – but it can also be the time of year when people get into debt. Last year 37 per cent of people put Christmas costs on credit and the Money Advice Service said that 1 in 20 people (2.3million people nationally) were missing payment of household bills to fund festive spending. January 2017 also saw calls to National Debtline rise by 80 per cent.
Everyone feels under pressure to spend on Christmas, whether that’s on gifts, food or celebrations and it can be very easy to be overly optimistic about being able to pay it back later. This, combined with lower income levels due to rising prices and wages not keeping up, means that people are more stretched. Most people who rang national debt numbers such as Stepchange and Payplan are working people, highlighting that the economy is hard for most people at the moment.
At Nottingham Credit Union, we are encouraging people to spend wisely – and if you do need to borrow, consider a credit union, which offers affordable loans. We also offer Christmas savings accounts and over the last year 1135 of our members have saved £289,785 to be ready for Christmas 2017.
There’s lots of reasons to visit a credit union this Christmas, including:
- It makes it easier to spread the cost, ideally by saving in advance. Saving just £4 a week will give you £400 towards next Christmas (and because our interest loans are lower, you’ll still have more money in your pocket each week)
- If you still need to borrow, a credit union will offer you a loan that is realistic for you to repay, based on income and other commitments. Our low interest rates mean you are paying less to borrow. For example, on a £400 loan over six months, we charge £208 less than a well-known payday lender. That’s £208 you can put on heating, food, kids clothes or even a holiday
Our top tips for being festive, but frugal:
- If you haven’t got savings, then try and keep the spend to a minimum so you’re not catching up financially over the next year. You don’t have to buy for everyone, so think carefully who you really need to buy for. Every year people give and receive thousands of gifts that are unused!
- Homemade gifts can show you really care – and giving the gift of time can be precious.
- Secret Santa is a great way for families and friends to keep traditions without buying for everyone. Set a budget of say £15 and everyone gets a gift.
We wish all of you a Merry Christmas and a Happy New Year 😊
If you would like to speak to Nottingham Credit Union about cheaper loans, contact us on 0115 828 3121 or firstname.lastname@example.org