Berkshire community savings and loans have teamed up with Hexham Community centre volunteers to open a credit Union. The branch is open from 10am-12pm on a Wednesday and 11am-3pm on a Friday for general enquiries.
Credit unions are an alternative to high street banks and pay day lenders and guarantee to beat any pay day lender and at least match anything a genuine bank offers. You need to be a member for 3 months before you take out a loan. Loans can be anywhere from £10 to £10,000 repayable in terms of up to 5 years.