Money - Credit Union
Supporting GMB members since 1999
GMB Credit Union is an exclusive service for GMB members and their families which offers competitive savings and affordable loans.
As a not-for-profit financial organisation owned by its members, the focus is on making money work for individuals and the wider GMB community.
Regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), GMB Credit Union operates under strict standards to protect members' money. Members' savings are fully covered up to £85,000 by the Financial Services Compensation Scheme (FSCS).
GMB Credit Union focuses on building positive working relationship with GMB members. The Credit Union listens to its members' needs and works with them to find the best options for saving and borrowing. The financial wellbeing of members is always at the heart of what the credit union does.
Become a member
Fast, fair, flexible ethical loans
GMB Credit Union offers loans exclusively to GMB members and their families, prioritising affordability, fairness and flexibility. Loans range from £200 to £20,000, with competitive interest rates.
Members benefit from fair practices such as paying interest only on the remaining outstanding loan balance, not the initial loan amount, which helps keep repayments affordable. There are no hidden fees or penalties for early repayment, enhancing budgeting and saving. For loans over £5,000, a three-month repayment break option is available to members if required during the repayment term.
Apply through the GMB website or mobile app, ensuring ease of access and security.
Browse loans
Secure, simple savings accounts
Saving is important to financial stability and GMB Credit Union encourages all GMB members to adopt the habit. We have a range of savings accounts which offer members security and simplicity. You can choose from easy access accounts like our Member Saver to fixed term accounts like our Premium Saver.
Members enjoy annual dividends on all member saver accounts. Dividends are agreed by members at our Annual General Meeting (AGM). Saving with GMB Credit Union not only builds personal financial resilience but also supports community lending, creating a virtuous cycle of credit that offers lower-rate loans to other GMB members.
All savings are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS), ensuring security. What's more, free life insurance up to £2,500 is included, covering end-of-life expenses with no extra paperwork.
Savings account applications can be made easily online, inviting members to contribute and grow with their Credit Union.
Browse savings
Support for GMB members
GMB Credit Union is dedicated to helping GMB members take control of their finances. It offers simple tools and resources to develop financial understanding and improve money management.
Budgeting tools
The Money Navigator and Budget Planner allows members to get a clear view of their finances and manage spending more effectively.
Debt advice
In partnership with Money Helper, GMB Credit Union provides free, confidential advice for managing debt, accessible online, by phone or in person.
Cost of living resources
Members can access practical tips and information to help handle everyday expenses such as energy bills and food budgeting.
Benefit calculator
The Benefit Calculator helps members determine if they are receiving the correct benefits based on their personal circumstances.
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GMB Credit Union values member feedback
GMB Credit Union cares about what its members think. Member feedback helps improve their services and strengthens the community. The credit union is proud of the trust it has built with its members, and reviews are a big part of that.
Members can check out what others have to say on GMB Credit Union's TrustPilot page. Their experiences and suggestions help make sure the credit union keeps doing well and improves member service.