Your Financial Well-Being

Worried about your Financial well-being, your finances in general?

“CALL IN” OR “RING” YOUR CREDIT UNION…

Talking to a member of our team may make that little difference or could make a huge difference to the way you allocate your money in the future.

DON’T LEAVE A CALL TO US, LAST ON YOUR LIST – MAKE IT FIRST…

We want to help you “Work” NOT “Worry” – Could changing your financial behaviour be the answer ? 

Check out our Blues & Twos Budget Planner – Budget Planning is a great way to control your finances.

Before reading on, please note: It is part of your credit union’s ethos to educate members in the wise use of their money, we cannot give advice to members in terms of Bad Debt and financial issues however we can warn you on the dangers of making hasty financial decisions and we ask you to contact us if you are struggling with monthly repayments.

Feel you need an alternative way to deal with your problems and considering an IVA (Individual Voluntary Arrangement)? STOP –Individual Voluntary Arrangements can be one way that is said to reduce your debt but you must MAKE SURE you are aware of the Supervisory Arrangement fees and any small print.

Victoria Harrison, Chief Executive said: “Over the years we have seen some alarming cases where members (working members like you and me) experience difficult financial choices. In some severe cases these situations  ‘just make ends meet’ and seem to occur after an unforeseen change in circumstance.  Financial decisions can be compounded by advice that lead to IVA companies who, at the outset of a possible IVA, may charge you Supervisory Fees in the region of £4,000. Basically they are adding £4,000 to your debt.  If at a later date your IVA fails, this is added to the amount you have to repay back to your creditors.  You could also be asked to increase your payments when your income improves over the five years. Make sure you know all your options – The Citizens Advice Bureau (CAB) are great for advice.

With more than 25 years’ experience helping members with savings and loans there have been times when Blues & Twos had to refuse a loan application but there have been more positive times when we have been able to offer further credit to assist a member out of a higher cost credit situation and more good news is that, for some members other options were available. For instance, at Blues & Twos we operate as a not-for-profit lender which means we provide our members with some of the fairest APR rates for loans from £300 – £25,000. These funds come from your colleagues savings so we have to  make sure repayments are affordable. Our lending officers will consider all loan applications for debt consolidation providing there is a commitment from the borrower to help themselves in the longer term by saving alongside the loan repayments”.

Victoria Harrison added: “At Blues and Twos we believe everyone should have access to fair financial products. We encourage you to save directly from your pay via your employer (in most cases) and we believe this helpsn our members reduce financial stress and prevent some money linked mental health issues all of which contributes to your better financial well being. We all know that every little bit of help – helps, and by a fast response from us, no set up fees for our loans and competitive rates, we clearly illustrate the financial benefits that taking a loan from a credit union like ourselves may help you get back on track. We encourage regular saving at the forefront of every membership and it is proven that this can remove the longer term need for credit card and overdraft facilities”.

Members can contact the credit union by telephone, email or in person. A private meeting room at the credit union office can be made available on request. “An understanding voice on the end of the phone, a meeting with a member of the team who can quickly assess individual financial needs and provide reassurance over repayment terms could be just what is needed”.

Remember – “It is the credit union’s aim to encourage responsible saving and ethical borrowing providing access to affordable low-cost credit. An IVA or other repayment could affect your future credit worthiness”.

 

A private meeting room can be made available on request – Appointments not always necessary to meet with a member of our Credit Committee.

 

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What is a Credit Union?


Blues & Twos Credit Union is a “not-for-profit” financial co-operative, which is owned entirely by its members who all have a common goal to benefit their community, as well as being run by a trained, professional team. Setting up the policies, compliance and strategic governance is the Board of Directors who draw experience from a variety of business/public sector backgrounds.

The Blues & Twos team offer you ethical savings and affordable loans, which means that you can save as you borrow! 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.

Latest News

  • Tuesday 11 December – Open 9am-11am only

    On Tuesday 11 December the Credit Union will be open from 9am – 11am only.  We apologise for any inconvenience caused.  The office will re-open at the usual time of 10am on Wednesday 12 December.

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  • Need a little Christmas help?

    Christmas loans are popular again this year so please bear with us if there is any slight delay in your receiving yours.  Borrowing a little to help you through can save you money in the longer term and help you avoid steep credit card interest rates.  Agreeing the amount for repayment and the term before Christmas, can help you better […]

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  • Salvation Army Food Donations….

    This is our third year collecting, from you our members

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  • 2019 Blues & Twos desk calendars now available…

    Have you requested your 2019 desk calendar?  If not, send us a quick email to mailto:enquiries@bluesandtwos.org.uk confirming your work address and we will get them in the post to you. Any colleagues not currently a member?  Introduce them and you will receive £10 into your Blues and Twos Account once their membership is set up.  […]

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  • Blues & Twos Society – November Winners

    PRIZE DRAW WINNERS – NOVEMBER 2018  ***FIRST PRIZE – £500*** HELEN WHITTAKER ***SECOND PRIZE – £150*** RACHAEL PRICE  3rd  Prize  £75  PAUL ELLIOTT 4th Prize £25 FRANCIS SMITH 5th Prize £25 CAROLINE SHELSTONE 6th Prize £25 MARK HANSON 7th Prize £20 LANCASHIRE POLICE – SPECIAL BRANCH 8th Prize £20 D BROWN 9th Prize £20 LANCASHIRE POLICE – G DIVISION 10th Prize £20 […]

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  • Annual General Meeting 2018

    Our Annual General Meeting is set to take place on Tuesday 11 December at 1pm, Connolly Room, Lancashire Police Headquarters, Hutton. Those wishing to attend are asked to contact the Blues & Twos office before 4pm on Monday 10 December so our office staff can ensure you are added to the visitors security system.  Without this you will be unable to gain access to the […]

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  • Keen to receive your feedback

    If you have taken out a loan with us in the last six months please complete our quick Online Loans Survey We appreciate all feedback. Thank you if you have already completed the survey.

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  • From 1st January 2019

    With effect from 1st of January 2019 the credit union will no longer accept bank notes or coins.  Members wishing to make adhoc payments into their account may do so via their online banking.  Please call the office if you would like further information.  We apologise for any inconvenience this may cause.

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  • Blues & Twos Society – October Winners

    PRIZE DRAW WINNERS – OCTOBER 2018  ***FIRST PRIZE – £500*** JAYNE BRANDON ***SECOND PRIZE – £150*** JULIE DRYSDALE  3rd  Prize  £75  SAMUEL LAWRENCE 4th Prize £25 NICOLAS CROSS 5th Prize £25 MARTIN COOPER 6th Prize £25 LYNDA QUIRK 7th Prize £20 LANCASHIRE POLICE 8th Prize £20 JOHN BAXTER 9th Prize £20 LYNN GORNALL 10th Prize […]

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  • B&T Lottery – Have to be in it – to win it!

    The Blues & Twos Society is an independent organisation totally separate from the credit union.  It is run by a group of credit union volunteer members who raise money through a monthly drawn lottery.  This money helps to keep down administration costs for the credit union and so provide a better service and dividend to […]

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  • Lending Team report positive feedback

    The Blues and Twos Lending Team report positive feedback from members receiving their loans even faster than ever before with the New Loan Agreement & document file transfer system that allows electronic online signing.  The Chief Executive Officer Vicky Harrison said “Implementing DocSAFE has resulted in enhanced security for the transport of documentation to our […]

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  • An Apprenticeship with Blues & Twos — A Great Way to start your working Career

    Two years on from beginning her Apprenticeship and with many skills and competences gained, Emily talks about her Apprenticeship with Blues & Twos ….. “Starting a new path in life can be rather daunting especially when you are unsure of exactly what you want to do (as most of us are at 17 or 18).  […]

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  • Winner of Member No 13000 Competition

    Welcome to Sue Bassam who joined our membership and was the winner of our “Member no 13000” competition winning a bottle of Prosecco. Sue commented ‘Joining Blues and Twos has been a great experience. It has help me save towards my Summer Holiday. With it going directly out of my wage, I’ve hardly noticed this. I would recommend Blues […]

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  • Winner of the Blues & Twos Society Bumper Draw.

    Congratulations to John Baxter who is the winner of our July Bumper Lottery Draw.  He was overjoyed when he was advised of the win and said “we are saving for a visit to friends in Seattle so this will help towards that goal”

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  • Car Finance – No final lump sum or balloon payment

    Option 1 – Fixed APR CAR LOAN Finance amount – £10,000 Monthly repayments – £183.67 Total repayments – £11,020.15 Term – 60 Months APR – 4% Fixed Optional lump sum – Nil     Option 2 – Homeowner Fixed APR CAR LOAN Finance amount – £15,000 Monthly repayments – £275.51 Total repayments – £16,530.19 The […]

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  • Work not Worry with a Blues and Twos account

    The Association of British Credit Unions, known as ABCUL, have launched a campaign just yesterday that focuses on raising awareness of the benefits for employers to partner with credit unions in offering their staff payroll membership. If you are an employee, you can also suggest your employer partner with a credit union. Payroll membership is […]

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  • Fairbanking 5 Stars Award goes to Blues & Twos…

    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 […]

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  • Something for Unison members…

    Members of Unison working in Lancashire & Cumbria can now join.  https://www.unison.org.uk/…/credit-u…/directory/north-west/ Are you eligible?http://www.bluesandtwos.org.uk/membership/memberships/

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  • Leaving your employment does not mean leaving us

    Here at Blues & Twos our professional friendly staff will help you organise your transition from employment to pension or otherwise.  All our members are valued highly and just by contacting enquiries@bluesandtwos.org.uk or 01772618833  we will ensure continuous contributions into your account and don’t forget up to the age of 65 yrs we continue to cover you with FREE […]

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Authorised by the Financial Conduct Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority Reg No 213538

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