Welcome to Croydon, Merton & Sutton Credit Union

Borrowing Rates down!

For a limited period, interest rates on our loan products are reduced. For the Saver Loan, the nominal interest rate is reduced by 16.7% from 1.5% per month to 1.25% per month (16.08% APR).

To qualify for a Saver Loan, you must have been a member of the credit union for 3 months, and have a minimum of three savings contributions. Borrowers are required to save £25 per month in addition to the loan repayments.

For a limited period also, we are offering a "No-savings" alternative at 1.35% per month (17.46% APR). Borrowers are not permitted to withdraw existing savings, but are not required to make additional savings.

To apply for a Saver loan, complete our Loan Application form, and return it to us at Bernard Weatherill House, together with 60 days bank statements evidence of your income, and any other debts. Applications can be sent to cu-loans@cmscu.co.uk.

Do you want to borrow more than £5000? Check out our Premier loan rates.

Do you want to borrow less than £800? Check out our Easi-loan terms.

Do you want to borrow your savings, not spend them? Check out our Security loan, our lowest interest rate 5%APR.

All our loans without loan fees, no early repayment charges

You may read the full 2013 Report and Accounts.

Join us and help provide poorer communities with an alternative to the high interest lenders. 

Croydon, Merton & Sutton Credit Union is a Savings and Loans Co-operative which offers its members access to ethical savings and affordable credit.

If you live or work in Croydon, Merton or Sutton you can join the Credit Union by filling out a simple application form. You can also contact us for more information or read our Frequently Asked Questions section for more information.