Commsave is a Credit Union that offers safe savings and low-cost loans facilities. Our services are available to anyone working in the UK fishing industry – whether you are a fisher; working in fish processing; of if you’re a fishmonger.

Commsave offers tailored solutions for fishers, and we’ve worked with organisations from across the fishing industry to understand your needs. For example, we offer a dedicated account for helping you pay your tax and national insurance; a bereavement fund that provides peace of mind at no extra cost to you; and a loan product that enables you to proceed with boat repairs while you’re waiting for grant funds to be paid out.

Commsave is one of the largest Credit Unions in the UK, with more than 31,000 members, who together have saved £107 million. We also have currently have nearly £50 million on loan to members, and we’ve lent over £30 million in the last year.

So, whether you’re looking for a safe place to put your savings, or an affordable way to borrow, Commsave is here to help. Read on for more information and click the ‘join us’ button above when you’re ready to become a member.

Safety Net

Providing A Safety Net For Fishing Families

Savings
Loans
Membership Benefits

Commsave offers a range of rewarding savings facilities, including our PrizeSaver Account, which gives you the chance to win monthly prizes through your savings.

We also offer a dedicated account that enables you to put away money as you earn it, to cover payment of your annual tax bill.

You can save by regular standing order, and all we ask is that you save a minimum of £10 a month.

All savings accounts benefit from the same attractive annual dividend, with a 1.5% return predicted for the current financial year*.

Click here for more information about our savings accounts.
*dividends paid subject to performance

Commsave provides loans for all kinds of purposes. Whether you are renovating your home or just looking to replace your washing machine, we can help.

New members can apply for our Introductory Loan with no prior saving needed, and once you’ve grown your savings you can use them to apply for larger amounts. Click here to see our full range of our loan products.

We also provide support to fishers who are applying for government funding for the cost of new equipment or the cost of boat repairs or improvements. See the panel below for full details.

As well as our savings and loans services, there are a range of other benefits to being a member with Commsave.

We offer a Bereavement Fund that provides a pay-out to your nominated beneficiary in the event of your death. The fund provides between £500 and £5,000, based on your average savings balance during the previous year.

All Commsave members also have free access to CURight – our dedicated site for articles, tips, and tools to help you manage you money effectively.

You can also take part in the monthly Friends of Commsave Credit Union Lottery – entry costs just £1 a month, and there are 30 prizes, with a first prize of £500.

If you are applying for government grant funding for support with buying new equipment or carrying out work on your boat, Commsave can help you access the funds you need more quickly.

We provide loans to bridge the gap between you making the application and receiving the money from the grant makers a few months later, enabling you to get on with the work sooner. Then, once you receive the grant money, you have the option of repaying the
loan in full.

You will need to go through the Animateur project when making your application, to give you the best chance of success. Then, once you’ve got your offer letter, you can apply to Commsave for a loan to cover the cost of the work you’re carrying out. We’ll set up a loan for you, which you then have the option of repaying in full once you receive the funds.

Speak to the Animateur project for more information, or click on the link below to visit their website.

Commsave is available to nearly 50,000 people working within the UK fishing industry, supporting people “from catch to plate”. If you work in the any of the following areas you are eligible to join Commsave.

Fishing

Fish Processing

Fishmongers

There are many resources available if you need some help with your finances.

Our Help Centre has links to various websites and you can also access the services provided by SAIL. Click the banner below if you are looking for help with pre-existing financial problems.

Fishing | Commsave Credit Union

Commsave is supported by The Seafarers Charity who work with people right across the maritime community, making a difference to the lives of those who work – or have worked – at sea, and their families.

Fishing | Commsave Credit Union

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