1st Alliance Credit Union
147 Main street, Kilwinning
01294 557123
We are all feeling the credit crunch biting this Christmas, if you need advice contact your local Credit Union.
1st Alliance Credit Union was set up to serve the people living and working in North Ayrshire. Your Credit Union belongs to all the local people who have savings lodged within 1st Alliance.
Everyone is talking about taxpayers now owning the banks being bailed out by the government.
1st Alliance Credit Union savers have owned their own bank for years. 1st Alliance is a financial co-operatives owned by the members (savers). 1st Alliance has seen a surge in membership recently. This is because people are looking for somewhere safe to keep their money. What could be safer than the bank owned by you?
Your local credit union does not speculate with your money on the stock market, all money lodged with 1st Alliance is put straight back into the community by giving access to a range of affordable loans to you, your neighbours and your work mates living and working in North Ayrshire.
Enjoy all the benefits of owning your own bank now. By joining 1st Alliance; you will have access to a range of affordable products and services.
1st Alliance loans based on savings
| Amount borrowed | Number of weekly payments | Weekly payment | Total interest paid | Total amount repayable | Typical APR |
| £100 | 56 | £1.92 | £6.63 | £106.63 | 12.8% |
| £300 | 56 | £5.75 | £19.94 | £319.94 | 12.8% |
| £500 | 56 | £9.60 | £33.13 | £533.13 | 12.8% |
1st Alliance can offer a range of other loans that are not based on savings. £50 - £300 with a typical APR of 24%.
| Amount borrowed | Number of weekly payments | Amount paid every week | Total interest paid | Total amount repayable | Typical APR |
| £100 | 56 | £2.30 | £28.34 | £128.34 | 24% |
| £300 | 56 | £6.86 | £85.59 | £385.59 | 24% |
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All 1st Alliance Loans are based on ability to pay. A decision from the Credit team will be available within 24 hours of your application being received.
Typical High street lender
| Amount borrowed | Number of weekly payments | Every week | Total interest paid | Total amount payable | Typical APR |
| £100 | 56 | £3 | £68 | £168 | 183.2% |
| £300 | 56 | £9 | £204 | £504 | 183.2% |
| £500 | 56 | £15 | £340 | £840 | 183.2% |
Contact your 1st Alliance local friendly staff for details on 01294557123 or pop into 147 main street Kilwinning.
Check out other lenders at www.lenderscompared.org.uk a completely independent website.
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