If you're looking for a financial partner that puts people before profit, Scotland's credit unions are one of the strongest choices you can make. They're ethical, community‑driven, and built to help you take control of your money and not the other way around.
It's often said that millions of people in the UK don't save enough - with one in ten adults saving no money at all. That figure from a 2025 report from the Financial Conduct Authority regulator came with a warning that it's leaving people walking a financial tightrope.
As the cost of living continues to rise across Scotland, HI-Scot Credit Union is launching HI-Save, a new community campaign aimed at encouraging people across the Highlands and Islands to begin saving regularly and to build stronger financial resilience. The campaign comes in response to stark figures.
In the Highlands and Islands, community spirit runs deep. From Shetland to Skye, from Caithness to Uist, people know the power of looking out for one another.
Many people want to save and help their community by making funds available at good rates from a local entity such as Hi-Scot Credit Union that covers Highland and Islands. Credit Unions encourage savings as well as offering affordable borrowing but lets take a closer look.
The Financial Conduct Authority (FCA) has found that one in ten people have no cash savings at all, and another 21% have less than £1,000 to draw on in an emergency. The regulator's research also shows that one in four people in the UK have low financial resilience, meaning that they have missed payments, are struggling to keep up with commitments, or don't have savings to help them through difficulties.
Credit unions have been around a long time. Hi-Scot credit union covers the Highland and Islands and it is easy to save or borrow at good rates.
Saving money regularly can help improve sleep, a new report suggests. Putting a monthly amount aside, however small the sum, also helped people to relax and be more optimistic about the future, the study by academics at Bristol University found.
The latest information from the Bank of England shows that adult membership of credit unions across the UK is increasing. The total number of adult members has been steadily increasing.
Phil Anderson Financial Services is thrilled to announce that Louise Cormack, a valued member of our team at the Wick Office in Caithness, has successfully passed her final exam and is now a fully qualified mortgage adviser. Louise's accomplishment comes after passing the Chartered Insurance Institute CF6 mortgage advice exam, completing the rigorous Certificate in Mortgage Advice.
Phil Anderson Financial Services, a leading financial advisory firm, is pleased to announce the appointment of two seasoned professionals, Peter Brown and Kevin Philip, as Directors. This strategic move reflects the company's commitment to enhancing its leadership team and providing exceptional financial services to its clients.
3500 thousand credit union members save with Hi-Scot credit union. Starting to save in January will make things a lot easier by Christmas 2024.
At meeting of the board of the Hi-Scot Credit Union the directors agreed not to follow other institutions like banks to put up interest rates. Well worth checking what rates you can still get from a credit union.
Hi-Scot credit union covers the Highland and Islands and is a not for profit organisation helping more and more people. Hi-Scot has been growing slowly over recent years and now holds significant savings.
Phil Anderson Financial Services has once again been named the Best Financial Adviser to work for at the Professional Adviser Awards in London. The prestigious award was collected by independent financial adviser Andrew Scouller, who accepted it on behalf of the entire firm.
The figures were revealed as the government plans new rules for the sector, allowing it to deliver more products including car finance. Figures from the Bank of England show that credit unions are lending record sums to UK customers, as the cost of borrowing continues to rise.
A Caithness-based mortgage adviser is celebrating after passing her final exam to gain the Diploma in Regulated Financial Planning. Kayleigh Ross works at Phil Anderson Financial Services in Wick as a mortgage adviser has passed the Chartered Insurance Institute Exam R06 - Financial planning practice.
Award-winning, Independent Financial Advisory firm, Phil Anderson Financial Services has expanded it's Caithness operation with the opening of a new office and the appointment of additional team member. Following a record year, achieving a turnover of £1.63million, a 22% increase from the year before the firm has opened a new office at 13 Kirk Lane in Wick.
Addressing credit union professionals at the ABCUL Conference last month, John Glen MP, Economic Secretary to the Treasury, highlighted the positive impact the sector have in communities across the country. The Minister thanked credit unions in his speech for "delivering services that your members, communities, and the country need...
As the world begins to hesitantly open up, it's no surprise that the past two years have taught us the value of shopping local. But have you ever thought about banking local? "A credit union is rooted in the community, especially as it is owned by its members and not external shareholders," said David Mackay, General Manager of HI-Scot Credit Union.
