ABOUT USFinance for everyone
Pioneer Mutual Credit Union is a not-for-profit financial services co-operative run to the benefit of 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.
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.
When you join Pioneer Mutual Credit Union you gain access to a whole range of benefits. These are:
- Free Life Savings and Loan Protection (terms and conditions apply)
- Eligibility to join the Pioneer Mutual Lottery
- Complimentary Mortgage Advice through Money Sense Matters
- Access to low interest loans
- Access to our flexible loan terms
What is a credit union?
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, which allow credit unions to:
- Provide loans at low rates of interest
- Offer a wide range of quality financial products and services
- Charge fewer service fees
- Offer tailored financial solutions
- Be ethically driven and not profit driven
- Be easier to join
Credit unions offer an ethical way to save with a range of products to suit your needs and savings invested with a credit union are used to provide affordable finance to 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.
Our Common Bond
Pioneer Mutual have one of the largest common bonds in Scotland. Our common bond grants 1.8 million residents’ access to our financial services.
Are you eligible to join Pioneer Mutual Credit Union?
You must be an individual who resides in or is employed in the postcode areas beginning:
- G1 – G90
- PA1 – PA98
- ML1 – ML12
If you are joining us because you are employed in one of these areas, please note that we will require proof of your employment by way of a payslip with your employer’s address.
Find out if you can become a member today through our common bond map.
Women in Finance Charter
Pioneer Mutual Credit Union are proud to have signed the Women in Finance Charter: A pledge for gender balance across financial services and pledge to retain 50% of women in senior management positions, and our pleased to announce that we are currently meeting our target.