How much can a member borrow?

Depends on the Loan Policy of the Credit Union. It is usually a multiple of the members savings.Savings of £300 and a Loan Policy of 2 to 1 gives a maximum loan of £600. As Credit Unions grow the multiple may also increase. (Note- First time borrowers may only be granted a loan of up to their share value.) Each Credit Union decides its own policy as local conditions dictate.