Cookies help website users perform certain functions. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the website.

If you wish, you can change your cookie settings at any time.

Tel: 01224 576990 Fax: 01224 210132 Email:

21 August 2017

Friends of Grampian Credit Union (FGCU) Lottery

The Friends of Grampian Credit Union (FGCU) Lottery

Entries cost just £1 each and up to 10 entries per month can be taken.

It is easy to take part as payment for lottery entries are deducted from the savings in your Grampian Easy Saver Account prior to each monthly draw.

You must be at least 16 years of age to take part in the FGCU Lottery.

There will be monetary prizes awarded each month and published on our website. All winners will be notified in writing or phone call prior to results being published on the website

Additional information about the FGCU Lottery

No more than 50% of ticket sales will be paid out in prizes with any surplus funds, after deduction of administration costs, donated to Grampian Credit Union.

The FGCU Lottery is a separate entity to Grampian Credit Union.

Grampian Credit Union administers the lottery on behalf of The FGCU Lottery.

ClickDownload FGCU LotteryTerms & Conditions (34.1kb)

The member’s car club

Grampian Credit Union is pleased to announce we have teamed up with The Members Car Club to offer our members discounts of up to 35% on a range of vehicles including Audi, Ford, Mazda, Mitsubishi, Renault, Vauxhall and many more.

How it works

1. Become a member of Grampian Credit Union

2. Search the range of cars and vans listed at

3. If you are happy with the model and price, just contact one of the Grampian Credit Union Team.

4. No deposit required! At the same time we can also give you an instant car loan quote!

Loans - £2 million available!

Thanks to another fantastic year of support from members saving with us and with many new members joining, we currently have £2 million available for members to borrow.

With interest rates ranging from just 3.9% APR to a maximum of 42.6% APR our loans are designed with you in mind.

We can help you pay for the important things in life such as booking a holiday, looking for a new car, planning home improvements, paying those Christmas bills, family celebrations or picking up bargains in the sales.

  • First loan -  for 1st time borrowers, from £200 to £5,000 - repayable 6 months to 36 months
  • Quick Access Loan - up to £500 repayable in 3 months – quick access to cash
  • Fast Track loan - up to £500 repayable in 6 months – quick access to cash
  • Payroll Partners Loan  -  Fast track  up to £1000 repayable in 12 months
  • Low Income Loan -  up to £250 - specifically for members paying by benefits
  • Member loan - after an Introductory loan, can be up to £15,000 plus savings
  • Bonus loan - secured by your Credit Union savings up to £1.000, at interest rate of just 6.5% APR
  • Loyalty+ loan - secured by your Credit Union savings above £1.000, at our lowest interest rate of just 3.9% APR

Our website Loan calculator gives you an idea of loan payments and lets you see how affordable our loans are.

Contact us for details, or check out loan information on our website. Terms and conditions apply.

24/7 Account Access

Grampian Credit Union is proud to bring to our members online application form and online banking. With this service our members can now:

  • Apply for their loans online

  • Transfer money between their Credit Union accounts

  • Transfer money to external bank accounts

  • Pay their bills

Account security is our priority and our online banking has been developed to allow members to complete online transactions securely.

Payroll Partners

Introducing our latest partners, who offer employees the benefit of Credit Union savings and loans deductions from salary:

Highland Temporary Works and Aberdeen Science Centre

Find out more about being an employer partner - contact us today

Credit Unions - Boost to Employers & Benefit to Employees

A new report -  Scotland’s Credit Unions: Investing in Our Future  - published on 10 February outlines the Scottish Government's support for making payroll deduction partnerships between employers and credit unions as popular in Scotland as it is in other countries like the United States.

The report is the output from the Scottish Government’s Credit Union Working Group, which was chaired by the Business Minister Fergus Ewing MSP  Launching the report, Mr Ewing said: “Payroll deduction schemes can help employees to participate in long-term saving, and I would urge those businesses not already associated with a credit union to consider this free employee benefit. It not only helps their employees, but also helps Scottish families to take control of their finances.

“We want to see the credit union sector continue to grow and thrive, and by implementing the recommendations in this report, it is hoped that Scotland will prove to be an enabling environment for credit unions.”

ABCUL Chief Executive Mark Lyonette said: It's no coincidence that the world's most successful credit union movements have close links with employers, making saving and repaying affordable loans really easy for people via payroll deduction.

We're delighted that the Scottish Government has responded to our call to make access to credit unions a standard workplace benefit, and we look forward to Scotland becoming a Credit Union Nation where employees, businesses and the wider economy all benefit from a more financially healthy population.

The First Minister of Scotland Rt Hon Nicola Sturgeon MSP has written a letter to employers highlighting the benefits of working with credit unions.

Nicola Sturgeon writes: The Scottish Government recognises the valuable role played by credit unions in building financial health by providing financial services and products to a wide range of customers.

So I am urging employers across Scotland to get in touch with a credit union to explore establishing a payroll deduction relationship with a view to improving financial health and boosting the productivity of Scotland's businesses.

Save, Borrow, Plan For Tomorrow - Join Today!

Click Credit Union information leaflet

Newsletter Autumn-Winter 2016

ClickDownload Newsletter Autumn-Winter 2016 (1232kb)

The latest newsletter with updates and information can be downloaded here.

Changes to FSCS Deposit Protection Scheme Limits

There is an important change on the way to the Financial Services Compensation Scheme (FSCS). This scheme, provided by the UK Government, gives cover to customers if anything happens to their bank, building society or credit union.

From January 1, 2016, the maximum deposit protection limit is changing, from £85,000 to £75,000 for each individual account. This change applies to all banks, building societies and credit unions in the UK. Grampian Credit Union is among the financial institutions affected by the change.

Why is the limit changing?

The current FSCS deposit protection limit of £85,000 was set in December 2010, based on the sterling equivalent of 100,000 Euros at that time.

The governing body of the FSCS, the Prudential Regulation Authority, is required to recalculate the sterling limit every five years, to keep it in line with 100,000 Euros. That calculation has now been completed, with the result being that the sterling limit on the fund will be reduced to £75,000 after December 31, 2015.

Do the changes affect me?

The changes will have no impact on the vast majority of customers, and more than 95% of retail depositors will continue to be fully protected by the FSCS’s new deposit protection limit.

The £75,000 maximum will apply to each account held by a depositor.

What action can I take if I am worried about the new limit?

All individual savings accounts will continue to be protected up to £85,000 until December 31, 2015. This allows all individuals time to adjust their balances to stay within the new limit.

Where can I get more information?

Your credit union will continue to update members on the changes which may affect them.

However, more information about the FSCS, and the changes to the protection limits, can be found HERE

Volunteer Vacancies

Grampian Credit Union is looking for volunteers to assist with various duties from time to time.

 Opportunities range from helping to promote the credit union to training with the credit committee. If you have skills with communication or figures, or would like to gain some experience in these areas, please give us a call.

It is a great chance to meet people and add skills to your CV, as well as helping your credit union to grow stronger and better for everyone.

Have you got news for us?

Send us your news and views so that we can keep our news current and up-to-date. If you have any other queries or comments we would be delighted to hear from you at any time.

Find Us here:
Facebook twitter
Grampian Credit Union Tel: 01224 576990 Fax: 01224 210132 Email: Web:
Authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Firm Reference no. 213701