About Pioneer Mutual Credit Union

Pioneer Mutual Credit Union is a not-for profit financial services co-operative run to benefit our members.

Forward thinking finance is at the heart of all Pioneer Mutual Credit Unions services, ensuring we provide affordable finance for everyone.  Members can save and borrow money at low rates of interest charged in a transparent, understandable manner.

Founded in 1993 Pioneer Mutual Credit Union, formerly East Renfrewshire Credit Union, has continued to grow from strength to strength, establishing ourselves as a vital service to local communities; which has built our reputation for providing quality, accessible, low cost financial services. 


Benefits of becoming a member

Run by members for members


Made by members

We are owned by people like you


Ethical savings & loans

Credit unions are an ethical alternative to banks


FSCS depositor guarantee

Your money is protected up to £85,000

Are you eligible to join?

Find out about our 'Common bond'

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We welcome you to our credit union

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As we have grown our common bond has grown with us; and now all those who live or work within a G, PA or ML postcodes are eligible for membership. Our common bond grants 1.8 million residents access to our financial services and as a result means Pioneer Mutual now have one of the largest common bonds in Scotland.

How can a Credit Union help you?

Credit unions are financial co-operatives owned and controlled by their members, offering flexible savings and loans as well as a range of other financial services. They differ from banks and other financial institutions in a number of significant ways as they operate as not-for-profit cooperatives run by volunteer board members. Credit unions, like other UK financial intuitions, are regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), and protected by the Financial Services Compensation Scheme.

  • Provide loans at low rates of interest
  • Offer a wide range of quality financial products and services
  • No hidden fees
  • Offer tailored financial solutions
  • Ethically driven not profit driven
  • Easy to join
  • No annual membership fee

We are delighted with all aspects of the service provided by Pioneer Mutual Credit Union - the staff are always bright, cheery and extremely helpful! So much so that we have recommended credit union membership to others across the whole country!

Deirdre, East Renfrewshire Back to School Bank
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How we protect your money

Just like your high street banks and building societies, the money you deposit into your credit union account, up to £85,000, is protected under the Financial Services Compensation Scheme (FSCS). If you have a joint account you will be protected for £85,000 each.

FSCS protection is free to customers, so if anything happens to your bank, building society or credit union, and you cannot access your money, the FSCS will refund you up to the amount of £85,000.

For more information on how we protect your money please click here

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