About NewCred
NewCred is a community based Financial Co-operative, which provides savings, low cost loans and other financial services to its members. It is a not for profit organisation. NewCred is owned and run by its members. Everyone who lives or works in Newham can join.
By becoming a member you will benefit from:
- Flexible savings to suit your needs
- Saving as little or as much as you can afford regularly
- Efficient and friendly service
- Flexible loan repayments- no penalty for early repayments.
- Free life insurance cover for loan and savings
- Getting your salary or benefits paid directly into your account
- Free membership for young savers.
- Your money being protected by the Financial Services Authority
You can save for:
- Holidays
- New Kitchen or Bathroom
- Wedding
- Car
- Christmas or other festivals
- Birthdays
- College or university fees
Ways to Save
- Standing Order through your bank or building society
- Payroll deduction (participating employers only)
- Cash/cheques over the counter at NewCred's office( Cheques take 8 working days to clear)
- PayPoint (outlets throughout UK)
- Cheques by post
It is very easy to join, pop along to the office bringing with you:
- two forms of identification, one showing your date of birth and the other showing you address e.g.birth certificate, passport, utility bills
- your bank account details if you wish to save by standing order
- a minimum of £1 to activate your account