As a Credit Union we strongly advise members to save as much as they can, and to assist with this we operate a simple instant access account offering an excellent rate of return.

By joining the Credit Union you become a valued member and to recognise this Credit Union savings are called Shares, (each £1 saved equals one share in the Credit Union)

A summary of the benefits

• Free life insurance
• High rate of return, paid by annual dividend
• Instant access
• Easy saving by deduction from salary
• Flexible, unlimited deposits.
• Allows access to our low rate loans

Deposits
We request that all members save regularly each month. Normally this would be taken direct from the Co-op payroll, an added benefit which means that the savings balance will increase surprisingly quickly. Family members may save via their relative's payroll or by standing order.

Payroll deductions may be altered up or down at any time by sending us written notification by letter, fax or e-mail or by clicking on the link above.

Extra lump sum deposits can be made at any time by sending us a cheque or postal order.

Withdrawals
The Credit Union provides an instant access account and allows withdrawals at any time, subject to the terms of a loan, and requests can be made in writing by letter, fax, e-mail or by clicking on the link above.

The money can be sent to you by cheque or by automatic transfer to your bank account. Our cheques can also be cashed at the Co-operative Bank in Glasgow if you let us know in advance.

Dividend
A dividend is calculated annually on your share account in exactly the same way as bank interest (an average daily balance basis) and is credited to your account after our AGM.

Anytime Savings Account
To assist those members who like to save for a specific occasion such as Christmas or a holiday we offer the use of a second savings account. As the name suggests deposits and withdrawals can be made at any time. This account would not be linked to any outstanding loan balance provided repayments are made on time.