Become a member

Money Box Credit Union is a financial co-operative; a local bank for local people. Credit Unions are owned and controlled by the people who use them (their members) and who all share a common bond.

Credit Unions exist to provide safe, competitive and fair financial services to their members. Unlike many other financial institutions, Credit Unions focus on the financial well-being of their members, rather than to simply make a profit. If the Credit Union makes money then its members share in its success through a dividend, paid annually.

MBCU is regulated by the Financial Conduct Authority and Prudential Regulation Authority, you’re savings are safe with us.

Members are valued: MBCU is owned by its members who have a direct say in the development and direction of the organisation. Members are treated as individuals and opinions are valued.

Benefit from saving: As a mutual organisation, any surplus funds are returned to members in the form of a dividend on savings, competitive rates on loans and new and improved services.

Fair and ethical banking: No hidden charges or catches exist and a personal and friendly service is guaranteed.

Download a Membership application form or a Junior Account application form to join.

Cancel

If you decide you would like to close your account with us, please download and complete the Account closure form and return it to us by post or in person to Legion Way, Hereford, HR1 1LN.

Any remaining money within your account can be supplied to you via a cheque or bank transfer.

Download an account closure form here

Membership benefits

Flexible to meet your needs….

Safe savings: MBCU is regulated by the Financial Conduct Authority and Prudential Regulation Authority, you’re savings are safe with us. Whether you’re looking to save a little each pay day or deposit funds for a rainy day, Money Box Credit Union can make it easy for you.

Low rate loans: Our competitive loans provide an ethical and safe way to borrow in times of need.

Payroll deduction: If your employer is signed up with MBCU, saving with us is even easier as your employer can pay into your MBCU account straight from your wages each pay day.

Standing orders: With our standing order facilities you can decide how much you pay in and how often, making it even easier to keep on top of your finances.

Have a direct say: MBCU members have a direct say in the development and direction of the organisation. Members are treated as individuals and opinions are valued.

Benefit from your savings:  If the Credit Union makes money, then its members share in its success through a dividend, paid annually.

Fair and ethical banking: No hidden charges or catches exist and a personal and friendly service is guaranteed.

 

Loans up to £5,000
(at 2% interest per month!)

"I needed a loan to help buy a new car"

Need a loan?

Save via payroll

Enjoy the convenience of saving straight from your wages. Our current select employers include:

  • Herefordshire Housing
  • Herefordshire Council
  • Kingspan
  • HALO

If your organisation would like to help your staff in this way please:

Enquire now...

Saving soon adds up!

Start Saving Today...

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