About Us
Who are we?
In 1998, the community of Merthyr Tydfil needed a way to tackle social and financial exclusion.
Together they found a way to prevent the community becoming victims of loan sharks (unlicensed lenders) and established Merthyr Tydfil Borough Credit Union (MTBCU). Unlike banks, we’re owned and controlled by our members and encourage all members to have their say on how the Credit Union should be run.
Merthyr Tydfil Borough Credit Union has been serving Members since 1999
We are a financial services co-operative that exists for the benefit of our members who have at least one of the following features in common:
- living in Merthyr Tydfil, Blaenau Gwent, Caerphilly and Rhondda Cynon Taf
- working for one of our 10 payroll savings & loans scheme employer partners
We hold an AGM and elect voluntary board members, who set aside their time to help run our Credit Union. Alongside our Voluntary Board, we have a team of professional staff who are employed to ensure the Credit Union runs smoothly day-to-day.
We also have volunteers, who help run our services in the school community meaning we’re never too far away!
How do we work?
Our values are to provide the community with safe, convenient savings and affordable loans and pride ourselves on offering everyone a fair deal regardless to your financial background. When a member deposits money into savings, these are then used to make loans for other Credit Union members. Any profits that are made from our financial year, is shared equally to our members by way of dividend.
Who can join?
Our services are available to those living and working within the Boroughs of, Merthyr Tydfil, Caerphilly, Blaenau Gwent and Rhondda Cynon Taf or working for one of our payroll partners.
We have one branch in Merthyr Tydfil at 139 High Street, open Monday to Friday 9.30am to 2.30pm
Credit Union in Wales
Merthyr Tydfil Borough Credit Union is part of Credit Unions of Wales - a consortium of 10 progressive credit unions who have committed to an ambitious strategy of collaboration and mutual support raise awareness and membership of credit unions across Wales. You can find out more at the Credit Unions of Wales website. The collaboration works on themes of common interest, such as improving our digital offering to members, opening access to workplace savings via our national payroll deduction savings and loans scheme via Moneyworks Wales, and raising awareness of credit unions.
Our principal partner and supporter is the Welsh Government. Since 2000 it has committed to supporting Credit Unions in Wales.
If you would like to get involved with the Credit Union to promote any of our work with staff, tenants or local residents then please contacts us info@mtbcu.org.uk for more information.
