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t: (01685) 377888 e: info@mtbcu.org.uk

Merthyr Tydfil


About Us

Welcome to Merthyr Tydfil Borough Credit Union

Merthyr Tydfil Borough Credit Union (MTBCU) was established in October 1998 by community members Merthyr Borough Mapwho identified the need to tackle issues such as social and financial exclusion, unlicensed lenders (loan sharks) and regeneration.

We provide a service offering safe convenient savings and affordable loans to those who live or work in the Borough's of Merthyr Tydfil, Caerphilly, Bleanau Gwent and Rhondda Cynon Taf

Unlike the banks, we're owned by our members and believe that everyone should get a fair deal, whether you are well off or struggling financially.

Members of a credit union save regularly and their savings are used to make loans to other members. We charge reasonable rates, which cover the core running costs of the Credit Union and any surplus profit at the end of the financial year is shared to members by way of a dividend.

We have members who come to us to save, and members who come to borrow, aged from birth to 100 and they're all equally welcome.

Merthyr Tydfil Credit Union is run by a volunteer board, elected at the AGM, and relies on over 50 local volunteers to run the services in local communities, including schools. We also employ a team of professional staff to look after the day to day needs of our members. All our staff and volunteers are committed to the continuing success of the credit union and to its business ethics and philosophy.

We are supported by the Welsh Government and by other local partners who are helping us grow, but we are completely independent and confidential in our operation.

Credit Unions have been around since the 19th Century, and are a part of a Worldwide movement. The four principles of the Credit Union movement are;

  1. The promotion of thrift among its members by the accumulation of their savings
  2. The creation of sources of credit for the benefit of its members at fair and reasonable rate of interest.
  3. The use and control, of members savings for the mutual benefit, and;
  4. The training and education of members in the wise use of money and in the management of their financial affairs.

 For more information on joining see our "Join Us" page above




Merthyr Tydfil Borough Credit Union 139 High Street, Merthyr Tydfil, CF47 8DN, 01685 377888
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority 213643

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