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Want To Save Or Need A Low Cost Loan - Think Hi-Scot Credit Union

3rd September 2016

Photograph of Want To Save Or Need A Low Cost Loan - Think Hi-Scot Credit Union

Hi-Scot - A Credit Union for YOU.

HI-Scot has been in existence since 2006, though up until 2010 was under the name of Western Isles Credit Union. The name was changed to HI-Scot to reflect that fact that we'd moved to a position of serving all of the Highlands & Islands, and indeed anyone who lives or works in this area can apply to join us.

Like all credit unions, HI-Scot is run for the benefit of its members only and therefore we have no external shareholders. However, even within the high customer service standards most credit unions achieve. Credit unions operate purely for the benefit of their members, then, and unlike some other financial institutions such as banks, we don't try to sell you financial products and services you don't necessarily need or possibly can't afford. What we will do is help and advise you in any way we can, and a key aspect of this is ensuring that our members do not take on a level of unmanageable debt.

Serving all of the Highland and Islands the numbers joining the Hi-Scot credit union have been growing slowly in recent years. With interest rates at an all time low now is the time to think about joining a credit union as it pays an annual dividend usually higher than normal bank interest rates. This is not guaranteed but recent years have shown it is good home for savings.

Check out the low cost loans with special rates for members.

Last month Hi-Scot launched its services online at the web site. You can get an application for and later sign up to get pin number and do your transactions from your computer or phone.

Check out all the details at

Remember this is a member organisation not for profit with all profits generated going towards running costs and improving it for members. Credit Unions have all the safeguards for your money like banks. Credit unions undergo all the same checks as any other financial institution. They are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Credit unions are also covered by the Financial Services Compensation Scheme.


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