Tel: 01837 658123
08 September 2010
Save With Us
Everyone will benefit by you making regular savings, it allows you to work towards your financial goals and gives you peace of mind should an emergency arise.
Credit Union members can save at an level affordable to them be that £1 or £100 per month. Small regular amounts soon add up and remember at the Credit Union you are not just another customer, but a co-owning member of an organisation which provides security and protection.
The tables below give examples of how regular savings can soon add up!
| Weekly Savings Table |
| Amount Saved: | £2 | £5 | £10 | £20 | £25 |
| Year 1 | £ 104 | £ 260 | £ 520 | £1,040 | £1,300 |
| Year 2 | £ 208 | £ 520 | £1,040 | £2,080 | £2,600 |
| Year 3 | £ 312 | £ 780 | £1,560 | £3,120 | £3,900 |
| Year 4 | £ 416 | £1,040 | £2,080 | £1,460 | £5,200 |
| Year 5 | £ 520 | £1,300 | £2,600 | £5,200 | £6,500 |
| Monthly Savings Table |
| Amount Saved: | £10 | £15 | £30 | £40 | £50 |
| Year 1 | £ 120 | £ 180 | £ 260 | £ 480 | £ 600 |
| Year 2 | £ 240 | £ 360 | £ 720 | £ 960 | £ 1200 |
| Year 3 | £ 360 | £ 540 | £ 1080 | £ 1400 | £ 1800 |
| Year 4 | £ 480 | £ 720 | £ 1440 | £ 1920 | £ 2400 |
| Year 5 | £ 600 | £ 1800 | £ 2400 | £ 3000 |
Benefits of Saving with the Credit Union
- Save as little or as much as you can afford;
- You will automatically receive free life insurance on your savings;
No hidden charges or fees on any transactions. - Your savings (after an initial qualifying period) can be used to allow you to apply for a member loan.
- Credit Unions are mutual organisations-members savings are pooled to provide the resources for lending to other members; and
- Depending on reserves, shares are eligible for an annual dividend.
