New Membership Savings Incentive

Join between 1st December and 31st March and save at least £10 for 3 consecutive months. The first 50 members will receive £25 funded by the England Illegal Money Lending Team

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Apply for a Family Loan Today

If you receive Child Benefit you can apply for up to £1000

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You can now Join and Apply for a Loan online

Borrow £100 - £7,500

Apply for a loan with Wyvern Savings and Loans today

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The Engage Classic Account and debit card

Designed exclusively for Credit Union members

Welcome to Wyvern Savings & Loans

We are your co-operative savings and loans organisation in Dorset and Somerset.

A community based Credit Union, staffed by four paid staff and over 100 local volunteers, we provide our members with a safe and ethical place to save (up to £15,000), as well as providing affordable loans.

Loans can range from £100 to £7,500 depending on your circumstances. Our repayment schedules are negotiable and we will agree payment details with you – even if you don't have a bank account or can't get credit with high street banks.


Member Benefits

Created by the community, for the community.

Made by Members

We are owned by people like you

Ethical Savings & Loans

Credit unions are an ethical alternative to banks

FSCS Depositor Guarantee

Your money is protected up to £85,000

Are you eligible to join?

Find out about our 'Common bond'

Join Us

Check your eligibility

Find Out More


To become a member of Wyvern Savings and Loans you should be over 18 years of age (although Young Saver members are also welcome) and you will be living or working in the Common Bond area (Dorset, or Somerset and adjoining parishes).

How we protect your money

Just like your high street banks and building societies, the money you deposit into your credit union account, up to £85,000, is protected under the Financial Services Compensation Scheme (FSCS). If you have a joint account you will be protected for £85,000 each.

FSCS protection is free to customers, so if anything happens to your bank, building society or credit union, and you cannot access your money, the FSCS will refund you up to the amount of £85,000.

For more information on how we protect your money please click here

A couple of years ago I needed a £300 loan, I rang a local lending company and was persuaded to sign their contract. Two days later I had second thoughts about their high interest rate and cancelled the contract under the cooling off clause. I was then pestered for two days by their representative who just would not take no for an answer. When I later joined Wyvern Savings & Loans, they couldn't have been more helpful. Without any pressure they agreed a repayment plan I could afford - and at a much lower rate of interest; I could also reschedule my payments with them if I had a problem later on.

Clare's Story, South West

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