Financial well-being is the state of having control over day-to-day and month-to-month finances, being able to manage those last minute bills, being on track to meet financial goals, and having the financial freedom to make choices that allow you to enjoy life.

BCCU offer various products and services designed to help members manage their finances better, such as instant access personal savings accounts with flexible savings options, competitive rate loans with payment terms designed to suit you.

Create a Budget: Track your income and expenses to understand where your money is going.

Save Regularly: Set aside a portion of your income for savings, no matter how small.

Manage Debt: Pay off high-interest debt first and avoid accumulating unnecessary debt.

Plan for the Future: Set financial goals and create a plan to achieve them.

Seek Advice: BCCU can signpost you to various different organisations, bespoke to your own personal needs.

Contact BCCU as soon as possible to discuss your situation. Many credit unions offer solutions such as loan modifications, payment plans, or signposting to financial advice services to help members manage their debt.

It is generally recommended to have three to six months' worth of living expenses saved in an emergency fund. This can help cover unexpected expenses like boiler breakdowns, car repairs, or job loss.

BCCU know how hard it is to begin to build that fund, that's why we recommend saving with us little and often.

A good credit score can help you qualify for loans and credit cards, save money on insurance premiums, and increase your chances of being approved for rental housing or a mortgage. It reflects your creditworthiness and ability to repay debts.

Pay Bills on Time: Late payments can negatively impact your credit score.

Reduce Debt: Lowering your overall debt can improve your credit utilisation ratio.

Check Your Credit Report: Ensure there are no errors and dispute any inaccuracies.

Limit New Credit Inquiries: Frequent credit applications can lower your score.

Credit unions typically offer flexible joining options, competitive rates and a friendly personalised service. We have a focus on community and member well-being. We are member-owned and not-for-profit institutions.

Find out more here.

Monitor Accounts Regularly: Check your statements and transactions for any unauthorized activity.

Use Strong Passwords: And change them regularly.

Be Cautious Online: Avoid sharing personal information over email or unsecured websites.

Report Suspicious Activity: Immediately to your credit union and relevant authorities.