Bedford Credit Union
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bedfordcreditunion.bsky.social
Bedford Credit Union
@bedfordcreditunion.bsky.social
35 followers 57 following 22 posts
A not-for-profit community bank for the residents of Bedfordshire 💜
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bedfordcreditunion.bsky.social
We have signed the Money and Pensions Service Savings Charter.

Read more here: bedfordcreditunion.org.uk/bedford-cred...
August 6, 2025 at 9:15 AM
bedfordcreditunion.bsky.social
The cost of holiday clubs is now averaging £1076 per child, with a lot of clubs requiring payment upfront, while the childcare element of Universal Credit is paid in arrears.

www.bbc.co.uk/news/article...
Summer holiday clubs now cost an average of £1,076 per child
Some areas have seen prices rise by as much as 13%, research by children's charity Corum finds.
www.bbc.co.uk
July 29, 2025 at 11:24 AM
bedfordcreditunion.bsky.social
Our Area of Common Bond now covers the whole of Bedfordshire 💜 Visit our website to check your postcode:
bedfordcreditunion.org.uk/area-of-comm...
July 8, 2025 at 11:57 AM
bedfordcreditunion.bsky.social
Last week ABCUL joined leaders from across the co-operative and mutuals sector at a reception hosted at No.10 Downing Street to hear more about the Government’s renewed commitment to its manifesto pledge to double the size of the co-operative and mutuals sector.

www.abcul.coop/news/abcul-j...
ABCUL Joins Downing Street Reception on Co-operatives and Mutuals - ABCUL
On Monday 09 June, ABCUL joined fellow leaders from across the co-operative and mutuals sector at a reception hosted at...
www.abcul.coop
June 17, 2025 at 8:19 AM
bedfordcreditunion.bsky.social
On average, it takes four years for someone to reach out after borrowing from a loan shark. Fear, shame, or not realising it was a loan shark can all be barriers. But support is here—no pressure, no judgement.
📞 0300 555 2222
#StopLoanSharks #HereWhenYoureReady #SupportNotPressure
May 19, 2025 at 12:23 PM
bedfordcreditunion.bsky.social
This week is #MentalHealthWeek and the theme this year is *Community*. And we think there's no better community than the one served by Bedfordshire's Community Bank 💜

Mental Health UK's Mental Health & Money Advice service helps people with financial advice. buff.ly/HklApHt
May 12, 2025 at 11:01 AM
bedfordcreditunion.bsky.social
☀ Kick off the summer with PrizeSaver’s Summer Sizzler super draw with 5 prizes of £1000 💸

This is your chance to win £1000 to help you have a summer to remember – and all you need to do is save!

Find out how to take part here: buff.ly/e6EpItm
May 1, 2025 at 8:01 AM
bedfordcreditunion.bsky.social
We spoke to FinTech Futures last month about how we keep up with technology in recent years:

www.fintechfutures.com/credit-union...
How UK credit unions are embracing fintech to keep pace with innovation
UK credit unions are increasingly embracing fintech to modernise their tech stacks and product offerings to keep pace with tech innovation.
www.fintechfutures.com
April 11, 2025 at 9:43 AM
Reposted by Bedford Credit Union
bedfordrepaircafe.bsky.social
We have a mini repair cafe this Saturday at @bedfordcreditunion.bsky.social Cost of Living Fair 🛠️ at the Harpur Suite 10am-3pm. As always just turn up and queue!
March 25, 2025 at 2:27 PM
bedfordcreditunion.bsky.social
Thank you to @bbcnewsofficial.bsky.social for covering our Cost of Living Fair- first one is tomorrow (29 March) at the Harpur Suite, Bedford

www.bbc.co.uk/news/article...
Cost of living fairs in Bedfordshire aim to tackle money taboos
Bedford Credit Union is running the events to help people cope with the cost-of-living crisis.
www.bbc.co.uk
March 28, 2025 at 11:05 AM
bedfordcreditunion.bsky.social
It's #debtawarenessweek (24-30 March) and StepChange Debt Charity are tackling the stigma of debt and encouraging people to get support and start the conversation about debt.

You can get free online advice with StepChange:
buff.ly/m7cjlvn

Or visit your local Citizen's Advice buff.ly/ooTzke7
March 25, 2025 at 11:11 AM
bedfordcreditunion.bsky.social
We'll be at the Bedford Business Expo Tuesday 18th March to chat with local employers about how our Employer Deduction Scheme can help their workers. Come and say hello if you're attending!
March 14, 2025 at 10:19 AM
bedfordcreditunion.bsky.social
📢 AGM NOTICE 📢

This year the AGM will be held on:

📅 Wednesday 19th March 2025
📍 The Wren Room, St. Mark’s Church and Community Centre, Calder Rise, Brickhill, Bedford MK41 7UY
🕢 7.30pm

Bedford Credit Union is owned by its members, and all members are entitled to attend our Annual General Meeting
February 28, 2025 at 10:00 AM
Reposted by Bedford Credit Union
martinlewis.moneysavingexpert.com
NEWS. Energy Price Cap to rise again 6.4% on 1 April. Here’s my instant briefing on what you should do…
NEWS. ENERGY PRICE CAP TO RISE AGAIN, 6.4% ON 1 APRIL. This follows the 1% rise in Jan and 10% last Oct. Here's my instant briefing (feel free to share) including WHAT TO DO. Lets start with the avg Direct Debit Cap...

ELEC
Standing charge 53.8p/day (from 60.97p) DOWN 11%
Unit rate: 27.03p/KwH (from 24.86p) UP 8.7%
GAS
Standing charge: 32.67p/day (from 31.65p) UP 3.2%
Unit rate: 6.99p/KwH (from 6.34p) UP 10%

So for every £100 you pay for energy now, from April people will typically pay roughly £106.40. Yet in reality as the daily standing charge is dropping, some lower users (below £100/mth) will see only small rises, but those who use a lot (above £200/mth) will likely see 7%-10% increases. 

Those are averages but there is a lot of regional variation in prices (we're already building a calc on MSE to be available later today so you can see the direct impact) with London & NW Wales outliers as there electricity standing charges are rising. HOW TO KNOW IF YOU'RE ON A CAPPED TARIFF
If you're not on a fix or special deal you are likely on the Cap. It applies to firms standard default consumer tariffs, often called 'Standard Variable' or 'Flexible' tariffs. If you don't know assume you, like two third of homes probably are. 

THE PRICE CAP IS A PANTS CAP GET OFF IT IF YOU CAN - FIX NOW IF YOU HAVEN'T ALREADY
The cheapest year-long standalone fixes right now are about 4% LESS than the current Cap, never mind once it rises in April, so if you get a good fix now you lock in at a cheaper rate for a year, get price certainty, save instantly and save relatively more once we get to April.

You cheapest fix depends on where you live and how much you use, so do a comparison (the MSE cheapenergyclub.com is whole-of-market-by default) though I'd wait a couple of hours as I hear more tariffs are being launched. Remember though the savings comparison sites will show now are compared to the current cap, they will be bigger compared to April. WHAT HAPPENS AFTER APRIL
The current analysts' predictions are once the price rises in April, it will stay at roughly that rate for the next year. Though the further out you go the more crystal ball gazing that is (and the chance of peace in Ukraine, the middle east, or US pumping out oil could see energy prices fall). Still the safe bet based on current predictions is to fix.

OTHER OPTIONS THAN FIXING
Those with very low usage only (under say £80/mth) should also look at British Gas & EDFs special tracker deals which discount £50 off the annual standing charge (as with low usage thats a bigger proportionate saving)

And sophisticated users should look at (or likely already know about) Octopus or Tomato's time of use tariffs).
 
2.7m MORE TO GET WARM HOME DISCOUNT
The govt proposes to expand the £150 Warm Home Discount to expanded to 2.7m more low income households winter 2025/26 (though a chunk of that’ll be eaten up by the cap rise where the 6.4% rise is equivalent to £111/yr on an annualised bill). It’ll be done by getting rid of the ‘high energy cost’ criteria for those on means tested benefits like Universal Credit (which helps working people and non working on low incomes). 

That’s good as it’s a terribly implemented system which left many, literally, unfairly out in the cold. There’s also a proposal on old energy debt support, which sound good, but needs reading so I’ll leave that for now.
 
MORE TO COME
These are my first thoughts, undoubtably more later, the MSE weekly email will have a full run through of top switchable tariffs when its out later today.

And join me at 8pm tonight on ITV for The Martin Lewis Money Show Live when I'll be explaining all this in more detail and putting your questions to the Ofgem boss.
February 25, 2025 at 8:35 AM
Reposted by Bedford Credit Union
bedfordindependent.co.uk
On average, accounts hold around £2,212...

#Bedford #BedfordNews #Finances #Money #ChildTrustFund
Thousands of young people in Bedford could have unclaimed savings in Child Trust Funds - Bedford Independent
Young people in Bedford Borough are being urged to check whether they have unclaimed savings in a Child Trust Fund (CTF)...
www.bedfordindependent.co.uk
February 19, 2025 at 11:06 AM
bedfordcreditunion.bsky.social
Did you hear us on BBC 3 Counties Radio this morning, chatting to Andy Collins about free things to do this half term, and our free Cost of Living Fair?

If you missed us you can listen again here (we're 1.40 mins in):
Andy Collins - What's your favourite YouTube video? - BBC Sounds
Andy is here with trusted local news, information and advice plus Make A Difference.
buff.ly
February 17, 2025 at 10:59 AM
bedfordcreditunion.bsky.social
We achieved a lot in 2024, and look forward to continuing supporting the Bedfordshire Community with savings and loans in 2025 💜
BCU Impact report 2024 | Bedford Credit Union
Join us at the Bedford Credit Union Cost of Living Fair 29th March 2025 – Harpur Suite, Bedford 12th April – Parkside Community Hall, Ampthill Find out more here
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February 5, 2025 at 12:38 PM
bedfordcreditunion.bsky.social
It's #EnergySaversWeek from 20th-26th January. Visit the link below to find out how you may be able to save energy in your home.
Energy Savers Week
This Energy Savers Week we’re giving you a tip a day checklist that will help reduce your energy use and save you money in the process.
buff.ly
January 20, 2025 at 10:00 AM
Reposted by Bedford Credit Union
trusselluk.bsky.social
Hunger in the UK isn't a food problem.

It's an income problem.
January 6, 2025 at 8:42 AM
bedfordcreditunion.bsky.social
"More than one in three people in the East of England are struggling to keep up with household bills and credit commitments."

Bedford Credit Union can help the community to save for those tougher months and provide fair, affordable loans for those who may need them.
January 'the hardest month' for debt says Rochford man
David Davensac built up £50,000 of debt via "buy now, pay later" deals before he lost his job.
buff.ly
January 6, 2025 at 10:05 AM
bedfordcreditunion.bsky.social
About to tackle the January sales to try and find some bargains? Bedford Credit Union are here to help you avoid the pitfalls and make some genuine savings 🛍
https://buff.ly/402UsbU
January 2, 2025 at 10:33 AM
bedfordcreditunion.bsky.social
Have you ever been afraid to tell your friends that you can’t afford something? #Loudbudgeting is all about being honest when you talk about money, which can be especially tricky in the lead up to Christmas🎁
Find out how you can take part and keep your spending in check.
buff.ly
December 18, 2024 at 1:06 PM
bedfordcreditunion.bsky.social
Christmas can also bring stress, worry and financial pressure.
Loan sharks recognise this, and it can be a time of year when they take advantage of the most vulnerable by pretending that they are helping out in a time of need.
https://buff.ly/4g2xQz6
December 11, 2024 at 10:00 AM
bedfordcreditunion.bsky.social
Christmas doesn’t have to be all about spending money, Bedford Credit Union is here to help this Christmas with five low-cost thrifting and gifting ideas especially for Bedfordshire🎁
Five great ideas for gifting on a budget this Christmas from Bedford Credit Union | Bedford Credit Union
Office opening hours Please click here for Christmas opening hours DWP Payment Dates Benefits due 25th-27th December will be paid on 24th December Benefits due on 1st January will be paid on 31st…
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December 6, 2024 at 12:00 PM
bedfordcreditunion.bsky.social
It is great to hear the government is bringing #financialexclusion into the spotlight.

We have provided banking services for people excluded from mainstream banking for over 25 years and support vulnerable people to build savings and access credit when needed 💜

www.gov.uk/government/n...
Help for vulnerable Brits to access banking and credit in spotlight
People with poor credit histories could receive new support to access banking, affordable credit and other financial services.
www.gov.uk
December 6, 2024 at 9:26 AM