About Desertmartin Credit Union

Desertmartin Credit Union Limited is a not-for-profit, member owned organisation established by local people in 1967 within the small village of Desertmartin following an identified need to provide local people with opportunities to have access to financial services to improve their quality of life and living standards.

Desertmartin Credit Union has continued to grow and develop over the years with there currently being a membership of in excess of 1000 happy members. Our Credit Union is based 62a Longfield Road (13.64 km) BT45 5LS Desertmartin.


Happy Customers


No transaction Fees



Any Questions?

A Credit Union is a community of it’s members, whose aims are to promote their financial wellbeing through savings, affordable and appropriate lending opportunities, and through the promotion of greater financial awareness. Members are the owners of the Credit Union and the absence of third-party shareholders results in beneficial rates for depositors and borrowers. The pressure to generate profit for shareholder dividends is greatly reduced, and any surpluses generated by the Credit Union are redistributed among the members.

The structure and nature of a Credit Union frequently enables it to help those who are currently excluded from access to ordinary bank products. It can become a lifeline for people who may otherwise have to resort to payday loans or doorstep lending which often carry incredibly high interest rates.

Yes. Member savings are protected by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Credit Union is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme. Find out more about the Financial Services Compensation Scheme.

We are also authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. This means that we meet strict conditions for trading, we are required to submit information on our financial performance to the regulators every three months.

We encourage sensible borrowing and as a responsible lender we make sure that all our members’ loans are affordable. You can borrow anything from £50 to £15,000 with repayment plans ranging from 3 to 60 months. The amount you can borrow is based on the affordability of the loan repayment.

Yes. What’s more you will only be charged the amount of interest payable up to the date when the loan is settled – not the full term.

No. You can apply for further top up loans after 3 months.

We usually like to see you if it is your first loan so we can ensure that we have all the information we need. Please contact us to discuss your situation. If you are applying to top up an existing loan then we can probably arrange this without seeing you.

We can provide you with a cheque or transfer the money directly to your bank account free of charge. If you haven’t got a bank account, or would prefer to have the money paid separately we can also arrange to load your loan onto one of our Prepaid Visa Cards. first then you can drop off your application form at one of our community branches or our main branch in Shrewsbury.

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