Citizens Advice Bureau Jersey

Our advice is available in the following ways:




Community Savings Ltd

Extent: Jersey
Updated 24 July 2019


A company - Community Savings Ltd has been formed to operate as Jersey's first credit union.

Community Savings is a self help savings and loan co-operative whose purpose is to encourage members to save regularly, make available low interest loans and provide them with free financial advice. Membership is obtained by forming or being part of a common interest group.

The Common Interest Groups are run by committees of unpaid volunteers.

Any profit made is returned to members or used for their respective group's costs


Members save on a regular basis either weekly or monthly and the collective savings of the appropriate group provide the working capital from which loans can be made to members.

Members have to wait 7 days before they can make a withdrawal in cash if they have banked a cheque or received a BACS payment into their accounts. Cash deposits are not subject to this delay.

There is no restriction on who is eligible to join a common interest group. (However, members under the age of 18 can only save).

The minimum savings amount is only £1 per week or £5 per month. There is no weekly of monthly maximum except that the total savings of any one member is restricted to £10,000. You must have at least £1 in savings to retain membership.


Comunity Saving and Credit is able to make loans at a low rate of interest - which shall not exceed 1% per month on the outstanding balances, (APR of 12.6%) Members must have saved for at least 3 months to qualify for a loan.

Loans can be up to three times a member's projected annual savings. There is an upper limit on unsecured loans of £5,000.

Borrowers must continue to save the minimum weekly or monthly sum in addition to repaying the amount borrowed. This results in the loan being repaid and the member's savings having grown.

Any loan must be used for an essential purpose.

The address is:

Commercial House

2 Commercial Street

St Helier


Telephone: 737555

email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Open Tuesday to Friday, 9.30 to 12.30.