Tel: 01743 252325

21 September 2017
Membership and Savings

When you become a member of Just Credit Union a savings account is opened for you. 

Anyone who lives or works in Shropshire can apply, there is a £4 one off membership fee, which will automatically be deducted from your initial savings deposit.

A savings account offers you a choice of paying in methods to suit you with easy access to your funds and a dividend paid annually.

How can I become a Member?

Please complete an application available to print on line (forms) or we can post you an application please telephone 01743 252325. To comply with the law we need to see at least two documents one confirm where you live and one to confirm who you are.

You can open your savings account by depositing a lump sum by cash or cheque. If you have the facility with your bank account you can transfer funds directly to your savings account. 

How do I save?

You may prefer to save as and when you can afford to, in which case an Allpay card may suit you. This would enable you to pay in cheques or cash via the post office or pay point.

If you would like to save on a regular basis a standing order can be set up from your bank account which you can control. This can be set up with your bank, timing it with your wages, or benefit payments.

We have arrangement with some employers in Shropshire such as with the Council, Hospitals and Housing Associations so you can have savings automatically deducted from you wages and your employer will send us the money.

How do I withdraw my funds?

Complete a withdrawal form hand it in or post it to us. We can either send the money to your bank account the same day we receive your request or we can send you a cheque. Alternatively we can set up an arrangement to accept telephone requests to send payments to a nominated account.

Will I get interest on my savings?

Yes. Credit Unions pay an annual ‘dividend’ from any profit which is shared out amongst members. With Just Credit Union this is typically 2%

Is my money safe?

We are authorised by the Prudential Authority and regulated by the financial Conduct Authority and the Prudential Regulation Authority. The maximum savings amount you can invest is currently £15,000 all of which is protected.