Credit Unions

Access to affordable financial services can be an issue for many people. Whether it’s getting an affordable loan, having somewhere safe to put your savings, or managing your money day to day, the ability to access the right services is essential to help you stay in control of your money.

For many years, credit unions have been an important provider of financial services for local communities. Hexagon residents are well served by credit unions, with all of the boroughs we serve having a credit union that they can join.

Hexagon works in partnership with London Plus Credit Union. This means that all Hexagon residents are able to join London Plus to access financial services. Key services offered by London Plus include:

  • Affordable Loans are offered to credit union members (subject to underwriting and acceptance) at a fraction of the cost of loans from most home credit companies or payday lenders. While it’s always best to avoid borrowing if you can, a credit union loan can be a good way to pay for expensive items or cover an unexpected bill.
  • Safe savings, means members have a place where they can save money safely. Saving a little regularly is often the best way to build up money to pay for expensive things, and having a little money put aside for a rainy day can help you avoid going into debt if something unexpected happens.
  • Day-to-day money management, means accessing a number of different services to help you manage your money on a day-to-day basis. Their pre-paid debit card* gives you an easy way to access your money, and enables you to pay for things in shops without needing to use cash. The credit union also offers a “budgeting account”*, which can help you to manage your expenses and make sure that all of your bills are paid (and get all of the savings that go with direct debit payments), without incurring the charges that can arise if a direct debit is unpaid for any reason.

 

If you would like to know more about joining London Plus, view their website at www.londonpluscu.co.uk.

 

You could also join your local credit union if you prefer; contact details for all of these are provided below:

Borough  Address Telephone
Southwark London Mutual

4 Heaton Road, Peckham

London.  SE15 3TH

 

020 7729 9218

Lewisham Lewisham and Bromley Plus 262 Kirkdale, Sydenham, London.  SE26 4RS  

020 8778 4738

Bromley
Greenwich Greenwich and Bexley

Gunnery Works, 9-11 Gunnery Terrace, Royal Arsenal, London SE18 6SW

 

020 8855 4344

Bexley
Croydon Croydon Plus

3c, Bernard Wetherill House,

8 Mint Walk, Croydon Surrey. CR0 1EA

 

020 3468 8568

 

 

*Some charges apply to this service.