The story so far...

Our History

BAG Credit Union was registered in April 1992. It has grown steadily over the ensuing years within our Common Bond that is people who live or work, including volunteering, in the area of the Upper Rhymney Valley.

Click here to view our map of coverage

Our admin staff and volunteers are committed to the continuing success of the credit union and to its business ethics and philosophy.  The credit union that puts People Before Profit.  For over 20 years people in the Greater Bargoed area have achieved a better way of life through participation in their credit union. Now this is open to all who live or work in th Upper Rhymney Valley

Our Vision

BAG Credit Union vision is for a vibrant, self sustaining credit union, widely accessible and comprehensively representative of communities within our common bond, which:-

• builds on our strengths, operating in a manner based on the inclusive principles of mutuality and economic justice
• continually grows towards a long term membership goal and increasing sustainability
• becomes a fully embedded and recognised community asset to the democracy we serve
• enables and promotes access to competitve Savings and Loans products and excellence in Member services 

 What are the benefits of joining BAG Credit Union?

• It is an easy and convenient way to Save and Borrow. 
• We have collection points in Bargoed, Aberbargoed and Gilfach
• You can also make deposits by standing order and Allpay card at any Paypoint outlet and any Post Office

Access to low cost ethical Loans

A BAG Credit Union loan is usually the cheapest way of borrowing and is often more competitive than other lenders.

Fair returns on Savings

Despite the current economic climate, BAG Credit Union continues to pay an annual dividend on savings. Dividends can fluctuate from year to year as they are dependent on the previous year's figures. 

• Secure savings facility

  We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. Deposits up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS). 

  Life Insurance 

  Built-in life insurance; to support the credit union principal that "the debt dies with the debtor" we provide at no extra cost to the Member life insurance to cover the cost of the Loan and also savings. Conditions apply.