Why are we here?

At Y Llechen Credit Union we believe in helping people secure the finances they need to do what they want to in life.

We opened the doors of 41 Pool Street, Caernarfon in February 2002 and have been helping local people ever since.

What is a Credit Union?

• Did you know that you can get probably the cheapest, most flexible loans around from a Credit Union?
• Did you know that you can save money with a Credit Union and get a return on it?
• Did you know that the money you save with a Credit Union can help local people desperate for financial help and you can get your money back?
• Did you know that 1 in 2 people in Ireland prefer to save or borrow with a Credit Union rather than a bank or buiding society?

Y Llechen helps people change lives by:-

• Providing cheap, flexible loans to people otherwise excluded
• Develop friends, help others, learn new skills through volunteering
  

Through their savings members can help other people

To find out more about Y Llechen Credit Union use the navigation links in the right hand column.

Is my money safe?

Given the "Credit Crisis and Poor Image" the banking industry has currently, you would be right to question whether your money is safe in a credit union?

The answer is YES, up to £50,000 is fully covered by the Financial Services Compensation Scheme. Click here (coming soon) for more information.

Child Trust Funds

We all want to give our children the best possible start in life. By opening a Child Trust Fund account with Y Llechen credit union and adding to it regularly you could help your child buy their first car, pay university fees, or put a deposit on their first house.

• No set up or closure costs
• No minimum contributions
• A number of easy ways to make regular or one off deposits
• Safe and local place to save
• Attractive returns on savings. Current interest rate is 3% per annum

Young Savers

We have an energetic young savers section as well. Teach them to respect money and they will thank you for it in the future.

Go to "CU@theCU" website for a really interesting view on credit unions for young savers.

Merger status

Currently we are on track to have a formal proposal document for the five interested credit unions at the end of this financial year, this will allow their the Board of Directors to keep you informed, click here for the latest merger newsletter.