Contact Oldham CreditUnion


Oldham Credit Union are part of the Greater Manchester Soundpound family of community credit unions.


About Soundpound

Credit Unions have been active in Greater Manchester for more than 30 years and now the 8 community credit unions that cover Greater Manchester have joined forces to offer the Soundpound Loan to help residents in these financially challenging times.


The Soundpound Loan

The Soundpound Loan is a small loan between £200 and £1000 available if you need a helping hand to pay unexpected bills or are simply planning a purchase. The Soundpound Loan is repayable over a maximum of 12 months with an interest rate of 42.6% APR


To apply for the Soundpound Loan from Oldham Credit Union you must,

  • Be over 18 years of age.
  • Live in Oldham and agree to become a member of Oldham Credit Union
  • Agree to save a minimum of £5 per month with Oldham Credit Union while repaying the loan.


You are more likely to be accepted if:

  • You have a regular source of income and would have some money left over after you have repaid the loan.
  • You are mostly up to date with your credit commitments and not in too much debt already.


You are not likely to be accepted if:

  • You have a number of defaults or a County Court Judgements (CCJ’s)in the last year
  • If you are currently bankrupt or subject to an Individual Voluntary Arrangement (IVA) or Debt Relief Order (DRO)
  • You already have a loan with a credit union.

Join Oldham Credit Union and Apply for the Soundpound Loan using our secure messaging App – find out more.

Apply Now

Benefits of using us for your loan:

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Loans from £100-£5,000

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Rates from 12% APR

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Repayments direct from payroll

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Flexible repayments to suit you

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Affordable, convenient, ethical

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No extra charges for early repayments

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Interest payments decrease as you repay the loan

Do I Qualify?

Members must be 18+ to apply and must have a savings account with OCU.

The interest rate will depend on a members individual circumstances and the loan amount requested.

OCU is a responsible lender and members may be asked to provide additional supporting documentation to support a loan application.

OCU may make searches at a credit reference agency to assist in the loan application process.

Customer Testimonial

"It's easier and cheaper to borrow money than at the bank  and is taken directly from my wages. The staff are friendly and professional."

Mr Durkin, Oldham

"It is a good way to save a little each week that you do not miss. It helps others, to make funds available for people to borrow at low interest rates, that would not be able to borrow from banks. The..."

Mrs Casey, Oldham

Loan Calculator

This calculator is for illustrative purposes only. The actual interest rate will depend on a members individual circumstances at the time of application.
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