What is a Loan Shark?
A loan shark is an unlicensed lender who offers loans without legal authorisation and often uses unfair, misleading, or aggressive practices to collect repayments. Unlike regulated lenders, loan sharks operate outside the law. They may seem approachable at first,...
What is Financial Inclusion?
Financial inclusion means making sure everyone has access to useful, affordable financial products and services, regardless of their income, background, or circumstances. That includes everyday essentials like: A safe place to save money Access to fair and affordable...
What is a Family Saver Loan?
If you receive Child Benefit and need a more manageable way to borrow, a Family Saver Loan could be a practical solution. It is a type of loan designed to help families cover essential costs while also building savings at the same time. The Wave Community Bank Family...
What is a Common Bond?
If you’ve ever looked into joining a credit union, you may have come across the term common bond. It’s a fundamental part of how credit unions work, but what does it actually mean? A simple definition of a common bond A common bond is the shared connection that links...