Newport Credit Union is a community-based financial co-operative that provides straightforward, affordable financial services to a growing number of people in Newport. Each member makes regular payments into a savings account - this fund then provides the basis for preferential rate loans. The income generated by lending helps us meet our operating expenses, build our reserves and in the future pay our savers an attractive annual dividend.
Our members are encouraged to save for their future, and in return they receive affordable credit, free insurance on loans, financial advice and a healthy return on their money.
The credit union's mission is to provide its members with access to reasonably priced financial services and encourage the development of good financial practice.