About Us

Credit Union Mission Statement

"To promote the financial wellbeing of our community by offering ethical financial products and services at affordable rates that meet members' individual needs in a friendly and professional manner"

What is a Credit Union?

A Credit Union is a co-operative financial institution, owned and controlled by the members who use its services. Credit Unions are also not-for-profit and exist to provide a safe, convenient place for members to save money and to get loans and other financial services at reasonable rates.

In Credit Unions, the members are the owners. Benefits of ownership include competitive rates on loans and friendly service. Regardless of their size or field of membership, Credit Unions are different than for-profit financial institutions. Credit Unions exist to serve their members. Banks and other financial institutions exist to make money for their stockholders.

While for-profit institutions must make profits for their shareholders, in a Credit Union any earnings in excess of operational costs are returned to the members in the form of increased interest in savings, decreased rates on loans or other new and improved services.

About Falkirk District Credit Union

Falkirk District Credit Union is a non-profit, safe place to save and borrow money for people who live or work in the FK postcode and bordering EH postcode areas. We are based on Station Road, Grangemouth but also offer most of our services online via our website.

We offer affordable financial services to our members and treat all members fairly, providing friendly service.

Regulated by the Financial Conduct Authority and Prudential Regulation Authority, members enjoy the same protection as they would expect from a bank or building society.

Who controls the Credit Union?

The members elect a Board of Directors at the Annual General Meeting, so the members control the Credit Union.

Is the Credit Union regulated?

All Credit Unions are regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA)

FSCS Policy Statement

Your eligible deposits with Falkirk District Credit Union are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.

Further information is available here or visit www.fscs.org.uk.