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South Yorkshire Credit Union

The main credit union in Doncaster is South Yorkshire Credit Union  (formerly Danum Credit Union).

Credit unions offer an easy way to save and financial services such as low-cost loans.

Credit unions are not-for-profit organisations and are owned and controlled by their members. The credit union decides who can become a member. This may be based on where someone lives or works. For example, members of a credit union will often live in the same area. This is called the common bond. To join South Yorkshire Credit Union, you must live or work in the Metropolitan Borough of Barnsley, Doncaster or Rotherham.


Good features of Credit Unions.

• It’s much easier to open a credit union account than a bank or building society account
• You can save as much or as little as you like and as often as you like
• It’s easy to save at local collection points or direct from your wages
• South Yorkshire Credit Union pays an annual dividend based on the performance of the credit union over the past year.
• Credit unions offer low cost loans to their members
• Savings are insured by the Financial Services Compensation Scheme
 
South Yorkshire Credit Union now also offer basic banking services such as standing orders to pay bills and rent.

South Yorkshire Credit Union has branches in Stainforth, Doncaster, and Denaby.

There are also collection points throughout Doncaster at the following times and locations:

Monday Edlington Children's Centre Edlington Lane 9.00 am - 5.00 pm
Tuesday Intake Children's Centre Ardeen Road 11.30 am - 2.00 pm
Tuesday Redman Centre Carcroft 10.30 am - 12.00 noon
Wednesday Askern Spa Junior School   10.30 am - 12.00 noon
Wednesday Cantley Children's Centre   9.30 am - 11.30 am & 12.15 pm - 3:.30 pm
Thursday Cantley Children's Centre   10.00 am - 12.00 noon
Wednesday Alexander House Askern 10.30 am - 12.00 noon
Thursday Wellingtonia Centre Campsall 10.00 am - 11.30 noon
Thursday Shaw Wood School School 9.00 am - 12.00 noon
Thursday Linney Centre Western Road, Balby 9.30 am - 11.00 am

There is also a drop-in service in Rossington at the Children’s Centre, Grantham Street every Wednesday and at the Holmescarr Centre, Grange Lane every Thursday. Opening times are 9am to 4pm on both days. Appointments can be made by calling Diane on 07804 542828.

What else does South Yorkshire Credit Union offer?

• Savings accounts – these do not pay interest, but may pay a dividend. For this reason, they can be used by Muslims as this 
  does not breach Sharia law.
Christmas Club – visit our 'How to pay for Christmas' page to find out more about the benefits of saving
  with South Yorkshire Credit Union for Christmas.
Affordable loans – the interest rate is 42.58% APR for loans up to £1000. The interest rate reduces to 26.68% APR for loans of £1001 to £2000. Loans for larger amounts are available. Members on benefit need to have a benefit paid into their credit union account. Members not on benefits have a standing order from their bank paid into their account.

To see how South Yorkshire Credit Union loans compare to doorstep lenders and other high interest borrowing, visit our 'Repayment Comparisons' page. You can also find out more about borrowing money from high interest lenders on our 'Doorstep Lenders' page.

Members can also benefit from the following:

• Debt advice
• Budgeting advice
• Help with choosing credit
• Support and encouragement to save

How do I join?

You will need to fill in an application form and provide proof of your identity and where you live.

How can I find out more and contact South Yorkshire Credit Union?

You can call South Yorkshire Credit Union on 0303 030 0010 or visit one of their offices:

Barnsley branch: 70 Market Street, Barnsley, S70 1SN

Denaby branch: 9 Grays Court, Denaby, D12 4UW

Goldthorpe branch: 49 Barnsley Road, Goldthorpe, S63 9LT

Stainforth branch: 8 Station Road, Stainforth, DN7 5QA

Waterdale branch: 5 Queensgate, Doncaster, DN1 3JN

Wombwell branch: 59/61 High Street, Wombwell, S73 8HS

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