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We are your co-operative savings and loans organisation in Dorset and Somerset.
A community based Credit Union, staffed by four paid staff and over 100 local volunteers, we provide our members with a safe and ethical place to save (up to £15,000), as well as providing affordable loans.
Loans can range from £100 to £7,500 depending on your circumstances. Our repayment schedules are negotiable and we will agree payment details with you – even if you don't have a bank account or can't get credit with high street banks.
Find out about our 'Common bond'
To become a member of Wyvern Savings and Loans you should be over 18 years of age (although Young Saver members are also welcome) and you will be living or working in the Common Bond area (Dorset, or Somerset and adjoining parishes).
How we protect your moneyJust like your high street banks and building societies, the money you deposit into your credit union account, up to £85,000, is protected under the Financial Services Compensation Scheme (FSCS). If you have a joint account you will be protected for £85,000 each.
FSCS protection is free to customers, so if anything happens to your bank, building society or credit union, and you cannot access your money, the FSCS will refund you up to the amount of £85,000.
For more information on how we protect your money please click here.
Mike's Story, South West
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