IN THE SPOTLIGHT: Dragonsavers Credit Union


Dragonsavers is an award-winning credit union that offers a range of financial products to members across Rhondda Cynon Taf.
During the past year they have won a number of prestigious UK titles, have launched an innovative savings app and continue to attract more payroll partners and members.
General Manager Christina Stoneman said: “Dragonsavers staff past and present provide a tremendous service for our members and this year it was acknowledged at award ceremonies and a whole host of positive feedback generally.
“As an ethical savings and loans provider we hope that more people recognise the benefits of becoming a member because it allows them access to a whole range of financial services.”
Dragonsavers followed their previous prestigious award winning streak with the Edward Filene Credit Union Award, the Joe Biden Development Educator Award and the International Credit Union Leadership Development and Education Foundation’s Beacon Award by being the inaugural Credit Union to enter the Raiffeisen Hall of Fame.
After serving the Welsh Credit Union sector for over 20 years, Dragonsavers president Ian Gylee received the Lifetime Achievement Award from Credit Unions of Wales.
Dragonsavers has enjoyed a significant increase in membership, savings and loan values and income from loan interest. Almost 2,000 loans were made to members in a year with a value in excess of £1.6m, adult membership increased by six per cent from October 2017 to September 2018 with a total savings of over £3.2m.
With more than 5,000 members, Dragonsavers operates from three branch offices in Treorchy, Tonyrefail and Pontyclun, five library outreach centres and a selection of community collection points.
Based in Treorchy the credit union is accessible not just through online banking but with a weekly presence in most of the major towns in the county borough including Aberdare, Pontypridd, Tylorstown, Tonyrefail and Pontyclun.
This allows members exclusive access to special offers, including a £5 referral which is presented to members for every new member, group or association still using their account after three months.
Members can also access leisure centres services in Rhondda Cynon Taf for a reduced rate through the Leisure for Life scheme which is offered on enrolment.
Any employees of payroll partners can apply for up to £500 with their last payslip.
Payments are made from payroll deduction and anyone working for one of our payroll partners with no outstanding loan or a current loan with less than £500 remaining can apply.
Members can also access the Engage Classic Account, a pay as you go card account that offers flexibility, cashback rewards and discounts and an online portal and online app.
The Smartcash card is offered to junior members with parental access and safe limits.
Last year Dragonsavers became the first credit union in Wales to launch a new app that will help members save for a specific goal.
For further details about Dragonsavers go to www.dragonsavers.org.

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