1. Credit unions routinely have lower working expenses than many other organisations that are financial their dividends tend to be more than interest compensated on bank cost cost savings reports. In addition, interest levels charged on loans are considerably less than those made available from banking institutions and particularly doorstep or loan that is payday.
2. Any revenue obtained can be utilized for the advantage of people rather than shareholders that are external causeing this to be specially appealing within the light for the excesses of bank executive bonuses.
3. UNISON is just using credit unions which are regulated and authorised by the Financial Conduct Authority together with Prudential Regulation Authority. Therefore within the unlikely occasion that a credit union fails, the Financial Compensation Scheme will probably pay any monetary loss as much as ВЈ85,000.