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About the Red Kite Credit Union
Red Kite Credit Union
20 Market Street
Builth Wells

01982 551000
01597 824000


Member contact

General enquiries:
click here

The Red Kite Credit Union, whose registered name is Undeb Credyd y Barcud Coch Cyfyngedig has come into being as a result of a merging of two existing credit unions in central Powys; Heart of Wales Credit Union Ltd and Builth and Llanwrtyd Credit Union Ltd with an extension of the common bond area to the eastern Powys border with England. Click here to see a map.
This project has been part financed by the European Regional Development Fund. We aim to offer a more comprehensive and efficient service to the local communities.
Red Kite Credit Union is part of the Powys Credit Unions Partnership.

Exactly what is a Credit Union?
It is a 'mutual' financial organisation, owned and run by its members, and all profits are shared between members as decided at each Annual General Meeting. There are no absentee shareholders, profit takers or carpetbaggers pulling the strings from distant tax havens. As all profits stay in our local area, the Credit Union acts as an engine for strengthening the local economy. If we grow the way they did in Ireland, we could have several million pounds of assets some 25 years from now, and the Credit Union could also be helping important projects in the area to benefit the community. But while we are still relatively small, we do everything through the voluntary effort of our own members, no-one is paid, and for several years we have been paying modest dividends on savings. Our assets are now over £375,000 and over the years we have lent to local people over 1000 loans totalling nearly one million pounds.

Join us and help to make a difference,- we are people helping people, and we are operating a tried and tested system that has proved itself all over the world. If you belong to a club or group that would appreciate a talk we would be pleased to try and help, whether it's the Mothers Union or the Rugby Club, the Chamber of Trade or a Child Poverty Action Group,... or whatever.
And if you have free time and like meeting people or have office or financial skills, why not come along and help to run the credit union.
How to save and borrow with Red Kite Credit Union
About Red Kite Credit Union
Common bond area map

Undeb Credyd y Barcud Coch Cyfyngedig is
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Firm Reference Number 213592

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