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Aspire Business Centre, 16 Farmeloan Road, Glasgow, G73 1DL T:  0141 552 8408  |  E:  reception@1stclasscu.co.uk  |  W:  www.1stclasscu.co.uk

About Us

1st Class Credit Union, formed in 1992, was originally set up to serve employees of The Royal Mail Group in Glasgow. We are a not-for-profit financial co-operative, owned and run by our members. We have a volunteer Board of Directors who offer their time to improve the services of our Credit Union.

Over the years we have expanded our membership base covering the whole of the U.K and Northern Ireland for any employees of:

• Royal Mail Group,
• Civil Servant,
• Communications Industry,
• Public and Commercial Services Industry,
• Members and retired members of Communications Workers Union (CWU),
• Members and retired members of Public and Commercial Services Union (PCS).

To join 1st Class Credit Union, click here.

In addition, we offer Family Membership to our members’ families residing at the same address.

If you are unsure if you fall within our Common Bond, please contact the office on 0141 552 8408, to find out if you are eligible to join our Credit Union.

We provide our members with the opportunity to save with the comfort of knowing that their money is safe as we are protected by the Financial Compensation Scheme. As well as this, their account is covered with free life insurance (terms & conditions apply).

While building on your savings you also have the option to apply for loans at affordable rates. This means that you no longer must rely on payday lenders with sky high interest rates.

What is a credit union?

• Credit unions are financial organisation who care about its members, putting them first in all decisions.
• Credit unions help you save regularly, borrow responsibly, and keep on top of your finances.
• Credit unions have partnerships with many employers allowing staff to save and repay loans direct from payroll.
• Credit unions offer affordable loans, ranging from short-term loans of a few hundred pounds, to much larger loans for holidays, buying a car, or home improvements among other things.
• Credit unions offer competitive rates on loans of all sizes. For smaller sum loans, interest on credit union loans is always much lower than that charged by doorstep or payday lenders.
• Credit unions make it easy to save – even a small amount saved each week will soon mount up.
• Credit unions are co-operatives, meaning that any profits are shared with their members. This often means savers will receive a dividend on their savings every year, which could be as much as 3%.
• Credit unions can offer credit to people whose circumstances might mean they struggle to get a loan from other lenders.
• Credit unions ensure that all money saved is protected by the Financial Services Compensation Scheme (FSCS) up to the value of £85,000 per person – the same level of protection as savings in a bank or building society.