Welcome to Merthyr Tydfil Borough Credit Union
Merthyr Tydfil Borough Credit Union (MTBCU) was established in October 1998 by community members who identified the need to tackle issues such as social and financial exclusion, unlicensed lenders (loan sharks) and regeneration.
Unlike the banks, we're owned by our members and believe that everyone should get a fair deal, whether you are well off or struggling financially.
Members of a credit union save regularly and their savings are used to make loans to other members. We charge reasonable rates, which cover the core running costs of the Credit Union and any surplus profit at the end of the financial year is shared to members by way of a dividend.
We have members who come to us to save, and members who come to borrow, aged from birth to 100 and they're all equally welcome.
Merthyr Tydfil Credit Union is run by a volunteer board, elected at the AGM, and relies on over 50 local volunteers to run the services in local communities, including schools. We also employ a team of professional staff to look after the day to day needs of our members. All our staff and volunteers are committed to the continuing success of the credit union and to its business ethics and philosophy.
We are supported by the Welsh Government and by other local partners who are helping us grow, but we are completely independent and confidential in our operation.
Credit Unions have been around since the 19th Century, and are a part of a Worldwide movement. The four principles of the Credit Union movement are;
For more information on joining see our "Join Us" page above