So you don't want to save? - Then Don't Join A Credit Union!!
2nd October 2016
You don't want to save so you won't want to read this item about credit unions.
It is easy to do now in Highland and Islands now that Hi-Scot credit union is online with its services for savers and borrowers.
Credit Unions have been around for long time and for those that know about them its one of the best ways to save or to borrow.
So before we bla bla bla here just hop on over to the Hi-Scot web site for yourself.
www.hi-scot.com
If you have been thinking about it for a long time then it is well past time you joined for savings with a better than almost zero return. While you are there check out the free life insurance. Loans are easy.
All savings are protected to the same limits as any bank.
But the Credit Union is owned by members and is not for profit and any profits are reinvested or returned as an annual dividend to members.
Check Hi-Scot Credit Union for Highland and Islands. www.hi-scot.com
If you live elsewhere just Google Credit Union and your town.
www.hi-scot.com
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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.
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.