Banks & Finance News

UK Credit Unions Has Reached Its Highest Reported Value At £3.98 Billion

The latest quarterly report by the Bank of England shows UK Credit Unions continue to increase in strength.   The report published on 30 April 2021 showed - Adult membership of credit unions increased in 2020 Q4 after decreasing in 2020 Q3.  

Launch Of £15 Million Scottish Community Lenders Fund

A new £15 million fund has been announced to support affordable lending services.   It will support Credit Unions and Community Development Financial Institutions (CDFIs) which offer financial help to those who have poor credit and are often turned away from high street banks.  

Employers Can Help Workers Save With Payroll Deduction

If your business would like to support employees in building a regular saving habit, call HI-Scot Credit Union..  

Over 1000 Cars Bought By Hi-Scot Credit Union Loans

A Hi-Scot credit union loan is now easier than ever to arrange for members.   Cars are a popular reason to borrow but loans can be arranged for a wide range of things.  

Get A Loan With Your Credit Union - Hi-Scot

Hi-Scot Credit Union covers the Highland and Islands and is membership organisation covered by the Financlal Services Authority Directors are elected each year and are unpaid volunteers with professional staff running the day to day business.  Online banking has recently become available for members.  

HI-Scot credit union is on a mission - to get the Highlands and Islands saving in 2020

"As we enter our fourteenth year of business, we'll be spreading the word about the benefits of saving with the credit union," said HI-Scot's General Manager, David Mackay.  "HI-Scot is member led and member run and we offer a range of services." HI-Scot is well established in the Western Isles, where the credit union is based.  

Hi-scot Credit Union Offers Payroll Deductions

HI-Scot, the credit union for the Highlands and Islands, has vowed to make 2020 the year when saving and borrowing are even more accessible.  With a focus on payroll deduction, allowing people to save directly from their pay packet every month via their employer, the credit union offers a viable alternative to high street banking in 2020.  

Best Year Ever For Hi-Scot Credit Union

As 2019 draws to an end, the staff and volunteers at HI-Scot credit union are reflecting on a successful year for the organisation.   "We are pleased to report that 2019 was another twelve months of growth for HI-Scot," said Margaret Ann MacLeod, Chair of the Board of Directors, "This is good news not only for the credit union, but for our members and the communities we serve across the Highlands and Islands." At the recent HI-Scot AGM, the members attending approved a 0.5% dividend.  

Hi-Scot Credit Union Is 13 Years Old And Still Growing

The number thirteen might be unlucky for some, but not HI-Scot credit union who are celebrating thirteen years of serving their members across the Highlands and Islands of Scotland.   From humble beginnings as an idea conceived by hard-working volunteers determined to bring an ethical, community-minded option for saving and borrowing to the islands, Western Isles credit union (HI-Scot's original incarnation) opened its doors in 2006.  

Hi-scot Credit Union Taking Part In Worldwide Celebrations

In October HI-Scot, the credit union for the Highlands and Islands, will take part in a worldwide celebration of credit unions.   Thursday 17th October is International Credit Union Day 2019, a day which highlights the history and achievements of the movement, as well as raising the profile of the work of credit unions in local communities, reflected in this year's theme: 'Local Service, Global Reach.' "HI-Scot has been working across the Highlands and Islands for thirteen years and, in 2019, we have over three thousand members," said HI-Scot General Manager, David Mackay, "In that time we have approved over four thousand loans.