The SCVO Credit Union is Scotland’s leading voluntary sector credit union. We offer low-cost loans, easy savings facilities, payroll deduction and quick bank transfers.

You can contact us with any questions on 0131 474 8003 or The SCVO Credit Union office operates Monday to Thursday, from 9am to 3pm.

What makes us different from high street banks and building societies?

Our ethos. We are a co-operative, accountable only to our members. In other words, our members come first.

We make sure you know where you stand. We give full and clear explanations of all our services, there are no hidden costs, and surplus Credit Union profits are returned to members in the form of a dividend.

Our service is available to anyone who is or employed by, or a regular volunteer of an SCVO member organisation, their partners and family members living at the same address.

Why should I join the SCVO Credit Union?

  • You can save through your organisation’s payroll (by prior arrangement) or direct debit
  • There are no arrangement or early/partial repayment fees
  • Your resident family members can also join and receive the same benefits as you
  • We offer a warm and friendly help-desk service to assist you with any enquiries

Join today!

How much can I borrow?

You can borrow up to three times your savings balance, up to a maximum of £5,000 and over a three year repayment period. All loans are granted at the discretion of the credit committee.

How soon can I take a loan?

You have to be a member of the SCVO Credit Union for three months before you can apply for a loan.

We have a policy against the use of share loading, which is the deposit of a lump sum to increase the savings balance in order to increase the amount that can be borrowed.

What are the repayment costs?

Under the law, credit unions are restricted to a loan rate of 1% per month on the reducing balance. That works out to a very modest 12.68% APR.

It is the SCVO Credit Union policy to strongly encourage a savings habit even during a loan repayment period.

The example below shows a typical borrowing on £1000 at 1% per month (APR 12.68%).

Amount borrowed


Your monthly repayments


over 12 months



over 24 months



over 36 months