Undeb Credyd y Barcud Coch Cyfyngedig, trading as Red Kite Savings and Loans and as Red Kite Credit Union (RKCU) is a credit union Authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and the Prudential Regulation Authority, similarly to high street banks and building societies and many other types of financial services companies.
Each credit union is a separate company and a separate member of the Financial Services Compensation Scheme (FSCS) that protects members' savings up to the current limit of the scheme, £85,000 at March 2017.
If you live in or have a place of employment in Powys, you are eligible to join Red Kite Savings and Loans. Full membership is available to any person 16 years and over. A Young Savers Club is available for younger persons.
Loans and Savings Abertawe Credit Union has Closed
LASA, Swansea's credit union, trading as My Community Bank Wales has gone into administration.
Red Kite savings and Loans is sorry to here of this but wishes to assure its members that they are in no way affected. Each credit union is a separate financial services company and savings deposits in Red Kite Savings and Loans are separately protected by the Financial Services Compensation Scheme (FSCS). There is no financial link between the credit unions. For more information Click here
The credit union service point at The Herb Garden Community Café is open for payments on Wednesday and Thursday 10.30 to 11.30. Application forms and other information is available when the café is open. Click for further information
Young Savers Club at Trefonnen School
Hadau Onnen — Trefonnen Piggy Bankers
The Young Savers Club at Ysgol Trefonnen Church in Wales Primary School in LLandrindod Wells, available to all pupils at the school, will be open from 7th September 2018 for the Autumn term. New members welcome.
We are planning to open a service point for adult members at Trefonnen School in the near future.
We also plan to open a School Savings Bank in Llanbister shortly. If your child attends the school in Llanbister and you would like him/her to join please watch this space for news of the opening, which will also be announced at the school.
Back to School expenses causing problems&query;
Your credit union could help Click here for a leaflet and more information
Your savings are safe with Red Kite Credit Union as they are protected by the Financial Services Compensation Scheme. Click for more information on savings
Loans from small amounts up to £7,500 with Red Kite Credit Union are easy to repay with no hidden charges and flexible arrangements. Click for more information on loans
Red Kite Credit Union is working in parnership with the other Powys credit unions to promote a wider takeup of the benefits of Credit union membership throughout Powys and enable the people of Powys to
Red Kite Credit Union also works with Robert Owen Community Banking Fund in connection with their schemes for low or zero interest loans for Renewable Energy installations and Home Improvements. Click for further information
Our mantra for you
Save regularly, borrow wisely, repay easily Avoid the sharks Fly high with Red Kite Savings and Loans
Our own mantra
We like and try to apply this quote from Mother Teresa: «Let no-one ever come to you without leaving better and happier»