Welcome

We like to keep our members updated on everything going on at No1 CopperPot Credit Union, here you can find a round up of our news.

News

Let’s talk about… net worth

  You might associate the term ‘net worth’ with the rich celebrities topping the Forbes list, but everyone has a net worth and it’s really easy to find out yours. Your net worth is simply your total assets minus the total amount of debt you have. Your assets include things like: Any savings you hold… Read more »

Let’s talk about your finances at Christmas

  Saving We try and encourage our members to save little and often throughout the year to help fund events like Christmas. If you haven’t started saving already it may be a little bit too late for this year however, it’s never too early to start thinking about next Christmas. If you started saving just… Read more »

Let’s talk about consolidation

  Recently, we have seen an increase in the number of members who are coming to us for help with debt consolidation. We have already helped thousands of our members to consolidate their debt, ranging from payday loans to credit cards, store cards and overdrafts. The main aims of debt consolidation are to bring your… Read more »

Let’s talk about buy now pay later

  You’ll have probably seen the words “buy now pay later”, often referred to as BNPL, on most online checkout pages. It’s a fast-growing method of payment, used by around 19.4 million Brits, but did you know BNPL is currently unregulated by the Financial Conduct Authority (FCA)? In February 2021, the FCA published the Woolard… Read more »

Let’s talk about emergency savings

  Do you have savings set aside for emergencies? Not sure what you should be saving for or how much you should put away? I’m going to talk through some ideas on what you could be saving for and how much you may need. Nearly 4 in 10 people found themselves out of pocket last… Read more »

Let’s talk about the end of the Stamp Duty holiday

  What is Stamp Duty? Stamp Duty Lan Tax (SDLT) is applied to some residential property purchases in England and Northern Ireland. Ordinarily, there are different tax rates for different purchase prices ranging from 0% (up to £125,000) to 12% (in excess of £1,500,00). How is it changing? A decrease in stamp duty was introduced… Read more »