Community loan means a loan to a community or voluntary organisation which is established for the express purpose of furthering the social, economic or environmental well-being of individuals within the common bond of the credit union in any of the following areas – (a) sport and recreation; (b) culture and heritage; (c) the arts (within the meaning of the Arts Act 2003); (d) health of the community; (e) youth, welfare and amenities; and (f) natural environment.

Please note: if you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.