St Machar Credit Union Collection Point

St Machar Credit Union area covers Seaton, Linksfield, Tillydrone, Powis, Froghall, Sunnybank, George Street, Old Aberdeen, Woodside, Middlefield, Heathryfold and Hilton).

Any profits a credit union makes is invested back into the organisation or shared out amongst members as a dividend. Credit Unions are financial co-operatives owned and controlled by their members, that offer savings accounts, low cost loans and other services.

They are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (St Machar Credit Union PRA 213576).

Any profits a credit union makes is invested back into the organisation or shared out amongst members as a dividend. Each credit union has a ‘common bond’ which determines who can join it (St Machar Credit Union savings and loans accounts are available to anyone who lives or works within the credit unions designated area.