Why the Family Loan may be Right for You

Family Loans are quickly becoming a favourite among members of Smart Money Cymru Community Bank. This surge in popularity comes on the heels of our exciting merger with Newport Credit Union.

A New Era for Newport Credit Union Members

The merger brings 3,500 members of Newport Credit Union into the fold of a larger organisation, expanding their access to sophisticated financial services. The newly refurbished city centre branch on Skinner Street now offers the comprehensive range of services available through Smart Money Cymru, which has branches across South and Mid Wales.

Welcome to Smart Money Cymru

Smart Money Cymru is enthusiastic about welcoming new members, membership is free and straightforward. With 14,000 members, we now provide a variety of financial products to a huge variety of people in Wales, including the increasingly popular Family Loan.

Unlike mainstream banks that are closing branches and relying on automated decision-making, at Smart Money Cymru we take a different approach. Prospective members and loan applicants interact with real people, though a full online service is available for those of you who prefer it.

Personalised Financial Services

As a community bank, we're dedicated to understanding and meeting the needs of local people. Rather than simply looking back at a credit record, we discuss people's situations and help if we can!

Whether you prefer visiting a branch or using online services, Smart Money Cymru invites you to get in touch. Friendly staff are available at branches in Newport, Caerphilly, Blackwood, Tredegar, Brecon, or Llandrindod Wells, and you may be surprised by what is on offer and how easy it is to join and benefit from our financial services!

The Growing Appeal of Family Loans

The Family Loan is particularly popular as it allows members to take out small loans, repaid directly through Child Benefit payments each week. As a part of being a member of Smart Money Cymru, you will also open a savings account with us! This not only helps in building savings, but also provides flexible options such as depositing the balance into an instant access account, or a junior account for the kids.

Family Loans up to £500 are available, subject to eligibility, with no early repayment penalties and a quick, straightforward application process. Repayment periods extend up to 18 months with transparent and competitive interest rates!

This loan is an excellent way to stabilise family finances, build savings, and improve your credit rating.

The Importance of Community Banking

As traditional banks retreat from the high street and shift operations online, community banks and credit unions are becoming essential. Smart Money Cymru is committed to stopping financial exclusion wherever we can. Without proper banking services, people risk turning to unlicensed and illegal money lenders, leading to debt and financial ruin.

Supported by the Welsh Government, Smart Money Cymru has been investing in financial technology and improving branch facilities for local communities. We are excited to build on the strong foundation laid by Newport Credit Union over the past 25 years.

Visit Us

To learn more about joining Smart Money Cymru, visit us at:

Smart Money Cymru Community Bank
27 Skinner Street, Newport NP20 1HB

Or contact us at:
Phone: 02920 883751
Email: info@smartmoneycymru.co.uk