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Save, Borrow, Plan for Tomorrow

18th September 2012

HI-SCOT Credit Union is now operating across the Highland area and provides an opportunity for people in the community to come together to save, and borrow money at low rates. Credit Unions are not-for-profit co-operatives, with surpluses being returned to members. They are run by its members for the benefit of the community. Anyone who lives or works in the Highlands and Islands of Scotland can join HI-SCOT. Savings are pooled together to be used
as a common fund from which members can apply for loans

Benefits of joining a credit union include:

Access to Flexible & Convenient Loans
Attractive Dividend on Savings
No transaction fees for borrowing or Saving
Paying in to the credit union is easy and can be done via:

Payroll deduction
Via Standing order
At any Paypoint outlet
At any Post Office
You can withdraw funds either by a cheque sent to your home address or transfer into a nominated bank account.

To join HI-SCOT you can access forms and information on-line at: or by calling 01851 701865.

When you complete your forms you can take them along to a Highland Council Service Point where staff will verify your ID.

Highland councillor for Wick Bill Fernie became a volunteer director of Hi-Scot credit union last year as he is a long time believer in the ethos of credit unions. He said,"I have looked at how we could set up a credit union in the past in the north and was pleased when we as a council decided to assist the spread of the credit union to Highland from Western Isles where they had been going for some time. We hope to spread the word across Highland to people of all ages and help to educate young people about the problems of getting into debt."

It is easy to join Hi-Scot and to use the post office for transactions. Forms are available online and from council service points making it easy to join. Everyone in the community should consider joining and saving with a credit union. The credit union can assist with many financial situations and has low cost borrowing facilities and may help in situations where other lenders make very high charges for borrowing. The credit union is an organisation working for communities and offers a very attractive way to save and to borrow.
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