If you have registered for the online account facility, you can request to withdraw shares through the members’ area. Alternatively, you can complete a share …
Can I withdraw from my shares if I have an outstanding loan?
If at any point your share balance exceeds your loan balance, you can withdraw the difference. The rest of your shares are held as security …
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When can I withdraw from my savings?
You can withdraw from your standard share account at any time, up to 6 times over a 12-month rolling period. It will normally take two …
Can I make a lump sum deposit to my shares?
Lump sum payments are allowed to all accounts, however there are limits over 12-month period. A limit of up to £20,000 is shared between Standard …
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How much can I save?
You can save from a minimum of £5 per week/£20 per month
Is my money safe?
Yes. As with banks and building societies, your savings are protected by the Financial Services Compensation Scheme (FSCS), currently up to £120,000 per person.
Is there any return on my savings?
Yes there is an annual dividend paid on the balance of each of your share accounts. The rate is recommended by the Board of Directors …
What type of savings accounts can I open?
Every member has a standard share account with the Credit Union – this is your main account and the account used to borrow against. There …
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