The Pentecostal Credit Union (PCU) is rooted in the Pentecostal Faith. We are a financial co-operative providing ethical savings and low cost loans to our members, who come from the Pentecostal faith community across the UK and who own and manage the business. So we are inspired by our faith and directed by our members to achieve our vision to be the preferred finance partner for every Pentecostal Christian household in the UK.
Known as the credit union that understands faith and finance – we identify with the needs of our members and we believe in their financial empowerment - to develop their potential and to build their economic health to achieve thier aspirations. With over 37 years of experience we have been independently ranked as one of the top 10 credit unions in London for 2017 .
As a faith based co-operative that actively encourages one another to both save and lend responsibly, PCU offers a viable alternative to high street banking. A credit union such as ours is the perfect vehicle for the delivery of financial services that is community based. The community pools its resources– those with more money save – so that those who need to borrow can do so.
There are benefits for all;
- For the savers – higher interest/ dividend on the savings and for the borrowers, better/lower rates of interest and better terms/
- A great relationship with the provider as they are part of a community whose purpose is to improve the economic lives of everyone in the community.
Because we have no external shareholders and we do not pay big bonuses to executives, the profits are returned to the membership via competitively high levels of dividends. However, like the high street banks and building societies, PCU is regulated by the Financial Conduct Authority (FCA) and authorised and regulated by the Prudential Regulation Authority (PRA). Our focus is on providing a more efficient, effective and personal service for our all members, and as a result we can boast an enviably high level of customer satisfaction.
We are the means by which the Pentecostal Faith community can pool its resources to build the economic health of the community
We are the means by which the money can stay longer in the community - it goes round the community and doesn't go out in PCU - thus enriching the community more
We are the means by which the financial literacy of our community can be improved through our Moneywise workshops. Improving the financial literacy of our congregations improves the financial health of our churches and our credit union.
So if you belong to the Pentecostal faith in Great Britain, then come and join us today.
Telephone: 0208 673 2542
YouTube: The Pentecostal Credit Union