Welcome to our new Community Development Manager

Welcome Lyndsay Pitchley, our new Community Development Manager at Sheffield Credit Union!

Lyndsey standing in front of the Sheffield Credit Union office

We're looking to collaborate with and support community groups in the Sheffield City Region, so please get in touch! Our goal is to work together towards achieving great things and making a positive impact on Sheffield. Let's join forces and make a difference!

We're In The Running For Two Consumer Credit Awards!

A £ symbol on a purple background: Vote and you could win £1,000 Consumer Credit Awards, Smart Money People

We're thrilled to have been shortlisted for TWO Consumer Credit Awards - and not only can you help us win them, you could win £1,000 just for taking part!

We've been nominated in both the 'Best Credit Union (North)' and 'Best Credit Union Loan Provider' categories. If you think we deserve to win, we'd love it if you took a moment to vote by following the link below and answering a few short questions about your experiences with us. All voters are entered into a draw to win a £1,000 cash prize!

Run by the financial services experts at Smart Money People, the Consumer Credit Awards recognise the achievements of organisations in the credit industry – including loan providers, credit unions, credit information partners, retail finance and more. It’s up to consumers to vote, making the awards both unique and a true endorsement of customer satisfaction. 

Unlike other awards, the winners of the Consumer Credit Awards are decided solely by customers, making winning one particularly satisfying!

Jacqueline Dewey, CEO at Smart Money People, said: “In the last 12 months we’ve seen consumers face increased costs of living and multiple interest rate rises. These factors have undoubtedly resulted in another busy year for the credit industry. The Consumer Credit Awards recognise those companies that continue to go above and beyond. Thanks to the data we collect with our reviews, the Consumer Credit Awards are an endorsement of customers’ experiences and a symbol of the UK’s very best companies. We can’t wait to see who consumers decide will win in 2024.”

Voting closes on July 11th.

New Year's Financial Resolutions

A young woman is holding a pen and pad, looking thoughtful. Start your year right with these financial resolutions As we bid farewell to 2023 and say hello to 2024, there's no better time to take stock of our finances.

As we bid farewell to 2023 and welcome the new opportunities 2024 has to offer, it's an ideal moment to take a close look at your financial situation. Whether you're saving for a dream getaway, trying to become debt-free or planning for a secure retirement, setting clear and realistic financial resolutions is the first step toward achieving your goals.

At Sheffield Credit Union, we are dedicated to assisting our valued members in making informed financial decisions. Here are five essential financial resolutions tailored for you to consider as you embark on a prosperous 2024!

Conduct a financial health check-up.

Understanding your current financial situation is crucial before mapping out your financial resolutions. Start by outlining your income, debts, monthly expenses and savings. This assessment will help you identify areas for improvement and highlight the areas where you're already succeeding.

Make a budget.

Crafting a budget is a fundamental tool for financial wellbeing. It's a straightforward yet effective way to manage your spending, allowing you to allocate funds for essential expenses while still saving for your goals. 

By utilising a free budgeting tool or app - such as this free budget planner - you'll be able to simplify the process in no time. But remember, the hardest part about a financial budget is sticking to it! 

Start contributing to an emergency fund.

Life is unpredictable, so having a financial safety net is an essential way of establishing an emergency fund to help cushion the impact of unforeseen expenses or sudden unemployment.

Ideally, you should aim to save 3-6 months' worth of expenses in a separate savings account. Although often easier said than done, at Sheffield Credit Union, we're committed to helping our members achieve financial stability, which is why we offer a range of savings accounts to suit every need - you can check them out here.

Clear your debts.

With large debts accumulating hefty interest charges and elevating stress levels, addressing outstanding debts should be among your key financial priorities for 2024. 

While eliminating debts takes time and discipline, even small steps toward debt reduction bring a sense of accomplishment and pave the way for a debt-free future. 

Designed to help you consolidate your debts into one simple monthly repayment, you can find out more about - or apply for - one of our Consolidation Loans here.

Put something aside for your future.

Your 'golden years' might seem a long way away, but it's never too early to start planning for them, so increase contributions to your pension plan or set one up if you haven't already. This commitment will yield long-term benefits, ensuring a comfortable and secure retirement.

How Sheffield Credit Union can help.

At Sheffield Credit Union, our range of savings accounts and affordable loans can help you become more financially stable with a minimum of fuss.

Goodbye Simon

Everyone at Sheffield Credit Union would like to wish Simon Martin, our Finance & Lending Manager, the best of luck and safe travels as he leaves after 14 years of devoted service to this Credit Union. We will all miss him!

Pictured with CEO Paul Hancock & a gift to remind him of home on his travels!

Brief phone line closure on Wednesday 13th of December

On Wednesday the 13th of December our phone line will be closed from 1:30pm to 2:00pm. You will still be able to leave a voicemail, and if you do, we will call you back the same day.

You're also welcome to send us an email, to admin@sheffieldcreditunion.com.

Christmas Opening Times

This Christmas we will be open our normal hours, except for the bank holidays:

For any members who have benefits paid into their credit union account, we will be processing payments as usual on the days we are open (and Thursdays). Our telephone helpline will also be available during our opening hours.

To check when your benefits will be received over the Christmas and New Year period, please see the DWP's website here.

We would like to thank all our members for your support this year, and wish you all a very happy Christmas and New Year.

Christmas Loans at Sheffield Credit Union

Here at Sheffield Credit Union we like to help our members spread the cost of Christmas.

Why not apply for one of our low interest rate loans?

Loans are available from £200 - £10,000, with repayments starting from £5 per week.

Representative Example: Loan amount of £700 with a weekly repayment of £16.08 over a term of 52 weeks at a rate of interest per annum (fixed) of 36.0%. This is the equivalent to 42.6% APR Representative. Total amount repayable is £835.89.

Once you have submitted your loan application and provided your bank statements, you could have your loan decision within 1-2 working days!

Please note the closing date for our Christmas loans is 8th December. This is to make sure you have a decision before Christmas day.

Click to find out more about our personal loans, or click 'Apply For a Loan' at the top of the page to start your loan application straight away.

Sheffield Credit Union wishes you a Very Merry Christmas.

All credit is provided subject to status.  Affordability and credit checks performed.  You may pay more interest and be subject to additional charges if your repayments are not received on time.  Repayments reported to Credit Reference Agencies.

Meet our new CEO

Sheffield Credit Union are delighted to announce the appointment of Paul Hancock as its new Chief Executive.

Paul brings over three decades of experience in the Banking & Financial Services sector and will be looking to lead Sheffield Credit Union into a period of growth and an expansion of its product offerings.

Paul is looking to work with local employers and business partners in the Sheffield City Region to help raise awareness of the growing importance of Credit Unions to the local community.  

“It’s an exciting time to be involved in community-led initiatives, especially around financial inclusion given the times we currently live in. Credit Unions offer a wide range of products and services, including savings accounts, loans and affordable banking solutions, all designed to promote financial well-being and inclusivity. I’m looking forward to being part of the journey."

Paul Hancock, commenting on his appointment as CEO

Changes to our Loans

Following a consultation with members in the spring, and a review of our product range, we are introducing the following changes to our loans:

Applying to all loans:

Other changes to specific loan products will apply as follows, in addition to the above:

Gold Loans:

Loyalty Loans:

Family Loans:

Payroll Loans:

Homeowner Loans:

Essentials Loans:

All loans are provided subject to status and affordability and in accordance with our Lending Policy and loan product Terms & Conditions. Please be aware that you may pay more interest and be subject to additional charges if your loan repayments are not received on time. Repayments are reported to Credit Reference Agencies including Experian which could affect your credit record if you do not keep up to date with your repayments.

Award Winners!!

Announcement from Smart Money People "Meet our 2023 winner for Best Credit Union (North) - Sheffield Credit Union"

Sheffield Credit Union have been announced as the 'Best Credit Union (North)' at the recent 2023 Consumer Credit Awards.

The team at Sheffield Credit Union were delighted by the news, and would like to thank members who took the time to vote at the national awards.

We are thrilled to have picked up the award. There are lots of brilliant Credit Unions in the UK so to be recognised as being amongst the best in the country is great recognition for all the hard work our committed staff team and voluntary directors put in. Reading the comments left by our members was brilliant. We hope to keep improving our services and growing so that we can offer more value to new and existing members.

Paul Hancock, CEO of Sheffield Credit Union

You can read the comments left by members and see our reviews on the Smart Money People website here. Smart Money People are the organisers of the annual Consumer Credit Awards.

We’re pleased to present Sheffield Credit Union the award for Best credit union (North). Our reviews show that customers value Sheffield Credit Union’s efficient, reliable and friendly service, with many citing its knowledgeable and understanding staff. This is a well-deserved win for Sheffield Credit Union, congratulations.

Jacqueline Dewey, CEO of Smart Money People