Halton Credit Union

Different Providers

Unlike high street banks, we’re owned by our members and run solely for their profit. Any employee of the NHS in Scotland or the north of England can be part of the NHS Credit Union – together with any member of family residing in the same family.

Savings If you want to save for a rainy day or a vacation, a Unify account is quick and easy. Credit Card & Loans Eligibility Calculator Shows which high cards and loans you are most likely to get.

If you wish to report a problem with a highway or street you are able to do so online in this part. For queries or recommendation about employment rights, contact the Labour Relations Agency.

Aren’t Credit Unions Just For People Who Find Themselves Struggling Financially?

If your union supplies a checking account facility, it operates very very like aBasic Bank Account. Generally, it can save you large or small quantities weekly, monthly or whenever you’ve spare money. If you feel like dedicating effort and time, then you’ll be able to at all times set up your individual credit union. It won’t be fast, it usually takes up to three years and there are strict procedures to observe. Around 40 unions across the UK provide a prepaid card service. The concept is that members mutually profit as there is no revenue for third-celebration shareholders. For more data on how we protect your cash please clickhere.

  • The financial nicely-being of Scotwest Members is our precedence.

Halton Credit Union

Many credit unions are professionalising, having moved away from the man and his ledger in the church hall collecting financial savings and providing loans. Many now supply products on-line, and most have some type of commercial premises. Credit unions supply an alternative choice to traditional banks and constructing societies for saving and borrowing. We explain how to discover a credit union, how they maintain your money protected, and when you should use them. It’s worth checking the financial savings rates supplied by your native credit union – you may discover they beat those supplied by excessive road banks and building societies. Life financial savings insurance coverage is included with most savings accounts, at no further value.

Credit union financial savings have exactly the identical protection as normal savings accounts; in different words, the Financial Services Compensation Scheme pays again £eighty five,000 per person, per establishment. In any case, many credit unions limit the whole you can save with them to £10,000 or £15,000. Some credit unions now offer money ISAs as a part of their financial savings vary. A cash ISA is a financial savings account you don’t pay tax on, however there’s a restrict to how much it can save you each year (at present £20,000).

However, you will not get an overdraft or a chequebook, so if that is what you need, you are better off wanting on the high road. The different thing you won’t get from a credit union bank account is the seven-day switching assure …