The North East Scotland Credit Union is part of a friendly international network of one hundred million people helping each other by saving and borrowing together. Run by local volunteers and providing simple, straightforward savings and loan products designed to help people, NESCU provides a better deal than many other lenders and can help when others can’t or won’t.
Like all credit unions, NESCU is a financial co-operative. They are owned and controlled by local members, as a ‘not-for-profit’ social enterprise. Any profit goes back into the community, not into big bonuses for Directors.
Langstane provides a financial guarantee scheme for NESCU’s furniture project that benefits Langstane’s tenants.