Western Isles Credit Union is a democratic, financial co-operative owned and controlled by its own members. A Credit Union is run only to benefit its members, all of whom have something in common - the common bond. Anyone who lives or works within the Western Isles can become a member. Members of the Credit Union have savings called shares in the Union, on which dividends are paid. These shares can then be used to make loans for other members.

Only members can apply for a Credit Union loan, which have some unique features:
Loans have no hidden fees or transaction charges.
Interest rates are affordable and are calculated on the reducing balance of the loan. This means the interest payments get smaller as the loan is paid back.
Loans are customised to suit the conditions and need of each member.
Loans can be repaid early with no penalty - and a saving of interest.

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