About Our Credit Union

Accessible Loans and Savings for Members of Our Community

Creating a Fairer Financial Future

Our mission is to provide an ethical alternative to high-cost lenders, promote saving, and support financial inclusion. We aim to offer affordable loans and savings products to individuals in the East of the UK, especially those who might otherwise turn to expensive lenders, fostering stronger financial health and community wellbeing.

Ethical Lending

We offer affordable, ethical loans that prioritise our members’ financial wellbeing, with a focus on fairness and transparency.

Community First

We serve those living, working, studying and volunteering in Norfolk, Suffolk, Cambridgeshire, North and Central Essex. We are deeply committed to supporting and improving the local community, ensuring that our services are accessible to everyone.

Membership Owned

As a cooperative, every member has an equal say, and our profits are reinvested to benefit all members.

Financial Inclusion for All

We strive to provide affordable financial services to those who may have been excluded from traditional banking options.

Transparency, Always

At ESLCU, we believe in being open and clear with our members about all financial products and services, always.

Sustainability

Our credit union is dedicated to long-term growth and ensuring that our services remain reliable and accessible for future generations.

Our History

2002-2005
Our Founding
Eastern Savings & Loans Credit Union was founded in 2002 when Ipswich Credit Union was granted regulatory approval to operate in the town.
2005-2014
Our Expansion
In 2005, the credit union expanded to serve the entire county of Suffolk. In 2014, Ipswich & Suffolk Credit Union merged with Norfolk and Cambridge City Credit Unions, becoming Eastern Savings & Loans Credit Union.
2014-Present
Our Future
Since 2014, the credit union has expanded its services, offering loans up to £4,000 and broadening its reach to include North & Central Essex. It continues to enhance its offerings, focusing on financial inclusion and accessible services.

Ethical Products, Always

At ESLCU, we do things a little differently. We offer ethical, affordable financial services and every one of our members has an equal say. Our profits are shared through savings dividends, empowering members to manage their finances and achieve their goals.

Joining Our Cooperative is Simple

1
Complete the Membership Form

Fill in the membership form on our website. Please note, there is a recurring membership fee of £1 every 4 weeks for all of our accounts.

2
Make Your £5 Joining Fee

Pay £5 using PayPal or GoCardless (you’ll see the payment page after submitting the form).

3
Receive Membership Details

Once approved, you’ll get an email with your membership number, account details, and information about us.

4
Apply for a Loan and Start Saving!

Start saving! Once you join, you can also apply for a loan through the Members Area. Loan decisions are typically made within 3-4 working days.

Making Finance Work for You and Your Community

At ESLCU, we prioritise people over profits to create a better financial future for our members. Our financial solutions are designed to reflect the values and goals of the communities we serve. Learn more about our credit union, how we operate, and the ways we work to support our members’ financial wellbeing.

Start Your Credit
Union Journey Today

Experience Financial Freedom with Our Trusted Credit Union Services