Bute & Cowal Credit Union

5 King Street,Rothesay, Isle of Bute. PA20 0DD

Tel: 01700 502000

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29 Ferry Brae, Dunoon, PA23  7DJ

Tel:  01369 702472


Opening Hours



10.30am - 1.30pm

From February the Rothesay office will close at 12.30pm



10.00am - 12.30pm



01700 502000 (Bute)

01369702472 (Cowal)

During Opening Hours


PLEASE NOTE: WE ARE CLOSED Easter Saturday 31 March






When and how can I apply for a loan? For your first loan any time after saving regularly for 8 weeks. You complete a form in the Credit Union Office giving details of the amount, the purpose of the loan, your income/expenses and the proposed repayment terms. A member of the Credit Committee will assist you by explaining the loan policy.


Please Note: only members age 18 or over can apply for a loan.


Second and subsequent loans? Whenever you wish provided you meet the Loan Policy requirements.

By pooling the savings (shares) the Credit Union can offer loans to members at a very low rate of interest

There are no bank charges.




There is an inbuilt loan insurance scheme, based on the age when the member dies.



How much can I borrow?

This depends on Loan Policy at the time of applying, the amount of your savings and your saving record.


What interest would I pay?

12% annual rate (12.68%APR for comparison purposes) but this is only  1% on "decreasing" balances so that for a £100 loan paid back over a year the total interest would be approximately £6.40


The legal maximum percentage that can be charged was increased in 2011 to 2%. However BCUL along with almost all other Credit Unions other than some very large ones has, as a policy, retained the amount it charges to 1%.



Loan Repayments?  

You can either pay your repayment at the office or by setting up a standing order.


Christmas and New Year news


Don't miss out, last date for applying for a loan is December 16th.


Why not shop early for Christmas - 2018 - and join the Credit Union and start saving?


Festive Opening changes - the offices will be closed from Wednesday 20th December and reopen on Saturday 6th January 2018


Happy Christmas to all our members past, present and future!