Savings

Your savings in the Credit Union, known as shares, create the working capital which is used to make low interest loans to yourself and other members of the Credit Union.

Paying in

Payments can be made anytime during normal opening hours or by standing order from your bank. There is no maximum or minimum payment except for the first deposit of £1 minimum to purchase your first share.

Withdrawals

Share withdrawals can be made by appointment providing that the shares have not been pledged as security for a loan.

Dividend

This is normally paid when the difference between income generated and costs incurred results in a surplus. The rate of dividend is decided by members at the AGM, guided by the recommendation of the Board of Directors and not for profit Philosophy.

For more information on savings click here