News

News

14th December: Our Office in Stobhill will be closed for Christmas from noon on Tuesday 19th Dec until 9am on Monday 9th January. Emails to info@ncul.co.uk will be monitored over the holiday season.

10th December 2017: As at the end of November, we had:

  • 475 members
  • Total savings of £192,700 with £89,900 out on loan

Over the past three months, we have made 31 loans totalling £36.600

2nd October 2017: Welcome to our refurbished and relaunched website. Do let us know what you think of it! We welcome suggestions for improvements.

1st October 2017: Our loan interest rate increases to 1.25% per calendar month on the outstanding balance (16.1% APR) from today. This is due to the loss of grantfunding from Northumberland CC, but we believe it is still one of the lowest interest rates available for loans up to £3000. Pre-existing loans will continue to be charged at 1% interest per calendar month.