Revolving Credit-A flexible borrowing option

When you are a member of No1 CopperPot Credit Union you have access to apply for a range of products. Membership with the Credit Union is free, it simply requires you to save at least £5 per month into a Member Account. Our member account is easy access, meaning you can withdraw your savings as and when you need*, with no fees.

Revolving Credit is a flexible way to borrow funds from the Credit Union as it can be used in a similar way to how you use a credit card. If you were to find yourself short of cash or facing an unexpected bill, you can simply withdraw funds from your Revolving Credit. It has a simple repayment structure and you could have a pre-approved limit of up to £5,000**.

Easy to apply
Depending on the limit you choose, there is a set minimum amount that you will repay each month. You can withdraw funds as frequently as you wish, as long as you don’t exceed your agreed limit. You then have the option to make overpayments to reduce your balance quicker. If you choose to make extra payments, you can do so without charge.

Simple to repay
It has a fixed interest rate of 12.68% APR, and you only pay interest if a balance is outstanding. So, if you do not have an outstanding balance on your Revolving Credit, your monthly repayments will be placed into your Member Account, to build your savings!

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*Withdrawals can take up to 3 working days to reach your account.
**Pre-approved credit limit of £5,000 is dependent on your personal circumstances.
All loans are subject to affordability and our lending criteria.
Savings are protected by the Financial Services Compensation Scheme up to £85,000.
You can hold a maximum of £40,000 with us across all saving accounts.
Number One Police Credit Union Limited trading as No1 CopperPot Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number (FRN) 213301. For details visit

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