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About FAIRshare

FAIRshare is a credit union and everyone who lives or works in Shropshire, Telford & Wrekin, South Staffordshire and The Wyre Forest or is an employee or tenant of a housing association listed in our Credit Union Rules can be a member.

We provide straightforward savings accounts and fair, manageable loans to our members. We are a local, ethical, ‘not-for-profit’ community bank or financial co-operative, owned by and run for our members.

Join FAIRshare

Unlike high street banks and building societies, we do not carry out any credit checks before opening an account.  Previous County Court Judgements (CCJs), bankruptcy or insolvency do not prevent you from joining.

Why become a member?

  • Straightforward & flexible saving accounts.
  • Manageable loans, based on affordability.
  • Save as you borrow is a great benefit of FAIRshare.
  • Your money stays in your community to help local people.
  • Ethical – we do not invest in unethical industries, nor do we pay huge bonuses or salaries.
  • Improve your credit rating borrowing from us can help you become financially stable.
  • Poor credit history?  No problem, you can still join FAIRshare.
  • Savings are protected by the Financial Services Compensation Scheme.
  • The credit union community – you belong to the community locally, nationally and worldwide!
Join FAIRshare

We also have a Younger Saver account for members from birth to under 16 years of age – a great way to teach children to save and manage money.

Who owns FAIRshare?

FAIRshare is a member-owned financial co-operative owned by and run for the benefit of our members.  As soon as an adult opens an account they become a member and a shareholder.  All our members have a say in how their credit union is run – come along to our AGM and have your say!

There is a one-off membership fee of £5 when joining, and members are asked to save a minimum of £1 a week or £5 a month.

FAIRShare Credit Union Rules

Dividend Payments

When adults join FAIRshare, their membership means they become a shareholder, and any profits made may be returned to members in the form of a dividend, as a reward for saving regularly. This will be a percentage of the amount saved with FAIRshare over the financial year.

At FAIRshare’s Annual General Meeting in March 2025, the Board of Directors put forward a proposal on whether a dividend can be paid based on its financial performance up to 30 September 2024. It was decided that, due to the difficult financial climate, it would not pay a dividend to its members for the last financial year. The decision for the current financial year will be made in the Spring of 2026.

We’d love to hear from you.

Do you have a question about FAIRshare services? Our team is ready to answer all your questions.

Get in touch