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We are a community

 

Hoot is a community owned co-operative that serves the needs of its members. When you join Hoot you become part of a family of members and get access to safe savings and affordable loans.

 

We estimate that we save our members up to £1m per year in loan interest, had they taken comparable loans from other lenders. This community dividend enables our members to support each other whilst at the same time getting a good deal.

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We will treat you as an individual

 

When you apply for a Hoot loan we take your individual circumstances into account rather than rely on a computer to say yes or no.

 

We lend to a wide range of people, even those with bad credit; but we won’t lend if you can’t afford it or if it means you will get into more unmanageable debt.

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You are protected

 

Your eligible deposits with Hoot are protected up to a total of £85,000 by the Financial Services Compensation Scheme. For more information go to FSCS.

 

Plus free loan life insurance. When you become a member and take out a loan with Hoot, you automatically qualify for free life insurance on your loan. (Terms and Conditions Apply)

Check your eligibility and join us

 

Hoot is a Co-operative and Community Benefit Society and members are bound by credit union rules. As a member of the credit union you are expected to abide by the rules. A copy of the rules is available from the credit union on request. This is available free of charge in electronic format at any time or as a hard copy if requested within 3 months of your membership commencing. After that hard copies will be charged at £3.

 

Key points regarding your membership contained within these rules are:

 

  • By joining the credit union you are agreeing with its social goals.
  • You must retain a minimum balance of £1 to remain a member of the credit union.
  • As a condition of membership you must save regularly with the credit union to a maximum amount of £15,000.
  • You have access to your savings at any time by means provided by the credit union; unless your savings are attached to a loan according to any loan agreement you have signed.
  • You agree to pay back any loan you have according to the signed agreement.
  • You may withdraw your membership at any time in accordance with the rules.

 

Click below to check your eligibility to become a member of Hoot.