Talk Money week kicked off Monday 18th November and is running all week, and aims to get the UK talking about financial wellbeing. Blues and Twos are getting involved in the drive to promote and improve financial wellbeing. We have created a small list to help you with your finances, and money lessons that we should all know.
Budgeting is a vital lesson you should learn if you are trying to manage your finances. By creating a budget, you make the first step to controlling your finances and giving you the freedom that you need. Use the budget planner on our website to help you start off.
Saving for something feels good
Seeing your savings pot grow is rewarding, we all know we are supposed to save money – for emergencies or just for the future in general. By saving money on payday, you can reduce your stress, pay your bills and save for the better things in life. Credit Unions offer you a safe place to save your money.
It is important to shop around for the cheapest deal
Shops are there to make money, that’s their job, but your job is to keep your money in your pockets, or safe in your credit union account. By searching online or even in store you can find the best price, compare before making the purchase.
What is debt and why you should be mindful
If you can get through life with no credit, you are one lucky person! Borrowing money and taking on credit is the only way many people can afford big-ticket items, like homes and cars. ‘Good credit’ is taking on debt you can afford to repay at sensible lending rates. Whereas it is generally considered to be ‘bad debt’ if you are borrowing money to purchase depreciating assets. Some special considerations, like consolidation loans where consumers take out a low interest loan to consolidate higher interest borrowing. (that’s where credit unions can help with ethical borrowing).
Credit cards should be used with caution
Credit is the ability to borrow money, while debt is the result of borrowing money. Credit cards can be great if you are bulking up your savings, building credit, or looking for rewards. However, they can be detrimental to your finances if not used correctly. For example if you use and abuse your credit card, spend beyond your means and fail to make repayments on time you will destroy your credit score.
Credit Unions are your friend
Credit Unions can help you with regular savings, and ethical borrowing. They usually give good returns on savings, lower interest on borrowing and promote financial freedom to help you get on top of your money. Take a look at our website and see what we are doing to help over 8300 members. https://www.bluesandtwos.org.uk/
Blues and Twos Credit Union is “Here to help you Save, and there when you need to Borrow”. Owned entirely by its members and managed by a trained and professional team.
The Blues & Twos team are passionate about improving the financial well-being of all members and offer you regular saving encouragement and affordable credit union loans, repayments direct from your pay or pension, which means that you save as you borrow.
Regular savings direct from salary that you can withdraw at anytime, no account fees, no annual charge, annual dividend payment.
Affordable loans up to £25,000, with no early redemption fees or hidden costs, repayments directly from your wage.
Free life cover on your savings up to the age of 75, at no extra cost.
We help over 8800 members to manage their finances, we encourage you to join today and start enjoying the benefits.
With a non-profitable credit union, we put the focus on ensuring that you are always provided with the best service, rather than maximising profits. This way, the credit union is run with the end goal of rewarding the members. Join Blues and Twos today!
Consolidate and Save loan
Consolidate your high-interest cards / loans into one single Blues and Twos loan with affordable monthly repayments. A Blues and Twos Consolidate and Save loan will put all your credit in one place and we encourage you to save each month. Applying for a loan with Blues and Twos could mean that you are paying […]
To all our Blues and Twos members, credit union friends & colleagues we send you very best wishes for a happy & healthy New Year and thank you for your continued support. We know saving isn’t easy for everyone; We do our best to encourage you to save direct from your pay or pension & […]
The Winners of the December Blues and Twos Society Bumper Lottery draw are now available to view. “You have to be in it – to Win it!” The Bumper Draw, involves an additional prize of £1,000! If you would like to join, or increase your number of chances, send an email to email@example.com with your a/c […]
Spending the festival season in hospital is something that we all hope to avoid, and after the challenges and difficulties 2020 has brought us already, we all want to stay healthy and at home with our loved ones. However, not everyone is so lucky, and many people will be in the hospital over the Christmas […]
Welcoming members to our first ever online AGM, Michael Beeston, Chair of Blues and Twos addressed the membership and spoke of the very different year including the positive technological drive to further improve services to members during the current pandemic and thanks to the organisations who partner with us encouraging their employees to save via […]
Blues & Twos recently received paperwork from an Individual Voluntary Arrangement (IVA) company. Our member owed a maximum of £5,900 across three creditors (3 loans/credit cards). The IVA company wanted to charge our member £3,750 in fees (63.5% of the members total debt) and this was just to set up the arrangement. This fee, added […]
Open banking is here! This is the best way for our members to access better financial products and services. What is Open Banking? Open banking is the secure way to give Blues and Twos access to your financial information and helps us get a faster decision with your loan. It works with online and mobile […]
Blues and Twos have had their 5* Fairbanking award renewed for the third year in a row! The Fairbanking Mark was awarded by the Fairbanking Foundation following a rigorous assessment which includes independent research involving borrowing members of the credit union. To receive the Fairbanking Mark, this research had to confirm that members have changed […]
Christmas is known to be the most expensive time for families, with gifts, decorations, food and any other costs. Will you survive this Christmas? Each year hundreds of our members take out Christmas loans to help get them through the festive period. With an affordable, low rate loan from your workplace Credit Union you can […]
International Credit Union (ICU) Day celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement’s history, promote its achievements, recognize hard work and share member experiences. International Credit Union (ICU) Day has been celebrated on the third Thursday of October since 1948. The ultimate goal […]
A big congratulations to Martin Watson, who is a Paramedic at Accrington Ambulance Station, and is this quarters loan survey winner! Martin has been working non-stop during the pandemic to help others, a true hero. Martin completed one of our loan surveys and was entered into our quarterly draw for £25 credit into their account. […]
NIVO is encrypted and secure. Chat with us online Mon-Fri 10am to 4pm. Here to answer your saving and borrowing questions. Helping you provide any documents and information we may need for your applications and transactions secure and fast.
Backup Buddy is the mental health app for UK Police and Police staff, if you need any support or advise please get in touch with them by clicking here. The App covers a range of problems faced by officers and staff in the Police Service, such as anxiety, anger, depression, stress, Post Traumatic Stress Disorder, […]
We are proud to be mentioned in the Lancashire County Councils guidance on where to find help if you are worried about your finances: Worried about money? If you or a member of your family are worried about reduced income as a result of the Corona virus this information will be useful to you. 1. […]
Glad you have your Blues and Twos emergency fund to fall back on?
We are all in this together… Many of us have never experienced such times as these and we hope never to have to experience them again. We hope members are managing to stay safe. This includes looking after your physical and mental health. Your well-being can be affected in different ways. Financial worries are just […]
The current global Coronavirus pandemic, Covid-19, along with the suspension of flights to affected countries are already featuring as ruses being used by criminals to convince people to hand over information. Criminals use many tactics to try and defraud people and convince them to hand over sensitive personal or financial information. The mode of attack […]
These are difficult times for all organisations and in light of the government advice over the weekend around tackling the spread of the coronavirus (COVID-19) and possible further restrictions to come we have been considering how we can maintain all members services and keep our staff team safe. We have already instigated our Business Continuity […]
It remains business as usual for the team at Blues and Twos, however as Corona virus spreads, we would like to update you on what we are doing to minimise any potential disruption and continue to provide you with the service you expect from us. We already have a business continuity plan in place for […]
10 Reasons a Credit Union Loan is Better than a PCP Agreement
Personal Contract Plans, or PCPs, have recently become a popular way to finance a new car. Many dealerships can offer you a very attractive-sounding deal on the spot – affordable deposit, low monthly payments, and trade in the new car after 2-3 years… what could possibly go wrong. Victoria Harrison, Blues and Twos Chief Executive […]
“For some people it just means a little more effort. Some believe they are, some believe they can never be – Controlling your finances isn’t easy but once you start you will be more positive” says Victoria Harrison, CEO, Blues and Twos Credit Union . Saving a little each month on payday, being confident towards […]
V Harrison, CEO, Blues and Twos Credit Union It is a while since I ‘blogged’ so please bear with me on this…. The Government remain keen to expand the provision of financial services and consider credit unions to be relatively new at achieving recognition for safe savings, and community engagement. We know credit unions […]
No matter how small, or large your goals are Blues and Twos are here to help. It is important to plan for your financial future. Here are some examples of financial goals that you can consider setting for yourself: Pay off Credit card debt – We offer debt consolidation loans to members who are looking […]
Wow what a year. Targets exceeded in lending and new member recruitment. In its second year, the Blues and Twos Speediloan met targets to offer lower lending at affordable rates with same day funds. Awarded the 5* Mark by the Fairbanking Foundation this product offers members flexibility, early repayment without penalty, and a loan up […]
Log in to Astute – https://lancashire.astute-elearning.com/Content/LXP/LXPLogin.aspx Astute is the LCC corporate elearning system and includes corporate elearning such as induction and health and safety. Please register for Astute using a unique work email address where possible.
Talk Money week kicked off Monday 18th November and is running all week, and aims to get the UK talking about financial wellbeing. Blues and Twos are getting involved in the drive to promote and improve financial wellbeing. We have created a small list to help you with your finances, and money lessons that we […]
Passing of Blues and Twos former Supervisory Committee Chair
It is with great sadness we inform you on the passing of John (Jack) Ward on Thursday October 24th, aged 81 years. Jack joined Preston Borough Police in 1963 and worked his way up to Head of Scenes of Crime and Federation Chair before retiring in the mid-1990’s as a Detective Inspector. Jack volunteered his […]
Over the past couple weeks we have received feedback from our loan process. Some members were finding it confusing to sign their agreement electronically, therefore we have reviewed our system and made a couple tweaks to make it easier for the members. We’ve put all the loan information required into one, easy to read, email. […]
This September take time to talk, think and change… RELAX and let Blues and Twos help you with regular saving and ethical borrowing. Enjoy the range of benefits when you join today, like: Instant access to your savings FREE life cover on your savings (T&Cs apply) Flexible/Affordable low cost loans £10 when you recommend your […]
Congratulations to our member Mr Buckley on winning our Feedback Prize Draw. The Feedback given was: – Was the online loan application easy to understand: Yes Was the online loan calculator easy to use: Yes Was the information we provided on receipt of your application useful and informative: Yes Comments: I don’t think you could […]
Our lending team are working hard to approve members holiday loans as quickly as possible, funds are paid directly into your bank account THE SAME DAY. No Administrative fees, no Penalty for repaying early click here to calculate your repayments now.
The Fairbanking Mark was awarded by the Fairbanking Foundation following a rigorous assessment which includes independent research involving borrowing members of the credit union. To receive the Fairbanking Mark, this research had to confirm that members have changed their financial behaviour for the better by having the product. Following the 5 stars Award, on behalf […]