Getting Started



Savings and Loan accounts with Churches’ Mutual Credit Union Ltd are available to individuals who hold a recognised position within The Anglican Churches of Great Britain, The Church of Scotland, The United Reformed Church,The Methodist Church of Great Britain, The Catholic Church in England & Wales and The Catholic Church in Scotland in either a paid or voluntary capacity.  This includes a wide variety of associations including lay or ordained ministers, church council members, elders, office staff and trustees of church charities including church schools. We are also able to offer accounts to household members of people who qualify and to retired ministers. If you are not certain if you are eligible please hold off applying until you have checked with us either via the contact page of this website or call us on 01452 500 463 (during office hours).

Opening an account, whether it is to make a deposit or to sign for a loan, is easy and can be done through the ‘open an account’ tab on the homepage. When you follow this link you will reach a pop-up which asks you to confirm you are eligible to open an account. In the middle of this page is a link ‘click here’ this will take you through to the first stage of the account opening form where you will be asked to state the capacity in which you think you are eligible to open an account, and when completing the form you will need to supply your passport and/or driver’s licence details. You will then be asked to pay £10 to complete the process. This represents a £5 administration fee which is non-refundable and £5 as your initial savings deposit.

If you are not sure which account you wish to open you can find out more through the links on the side bar of this page.

You do not need to be an existing account holder to apply for a loan, however you do need to be eligible to open an account (see above). Visit the page for the type of loan you are interested in for details on how to apply. Once your loan is agreed you will be asked to complete the online account opening form before your loan is issued to you. Again you can find out more about CMCU’s loans through the links on the side bar.

Credit Unions often have their own terms for describing their activity which can be confusing if you are new to the sector. Credit Unions are co-operatives and all account holders are members and are often referred to as such. Savings are called shares and the terms account number and membership number are interchangeable. Most Credit Unions pay a dividend which is a profit share based on the Credit Union’s performance during the previous financial year, which runs from 1st October to 30th September. Dividends are approved by the Annual Meeting of Members which takes place in January based on the recommendation of the auditors and the volunteer Board of Directors. At the annual meeting each year one third of the volunteer board are elected to serve for a term of three years.

If you need any further information regarding opening an account with the credit union please contact us via the contact form on this website.

Registered Address

3 Beaufort Buildings, Gloucester, GL1 1XB

Call Us

01452 500 463 (9.30am -1.30pm)

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