Membership Terms & Conditions

Adult Membership

• A member in receipt of benefits or salary can open a savings account at any time.
• Each new adult member of Just Credit Union will automatically have a savings account opened in their name.
• The first deposit into the account should be at least £5. This covers the one-off membership fee of £4 plus a minimum of £1 to open the account.
• The minimum required balance in this account is £4 to keep it open. This level of savings must be obtained within 6 months of the account being opened.
• If the minimum level is not attained within 6 months Just will close the account. You will be contacted prior to us taking this action and given the option of meeting the minimum requirement or closing your account.
• Members qualify for an annual dividend subject to one being paid.
• Regular savings of £5 per week are normally required to keep the account active.
• Members may close their savings account at any time by completing a Closure of Account form. Just Credit Union reserves the right to require a maximum of 30 days notice of the account closure.
• Members closing their savings accounts automatically end their membership and cease to be shareholders in Just Credit Union.

Junior Membership

• Junior Saver accounts can be opened by adults for children from birth up to the age of 16 years.
• Proof of identity is required to open a Junior Saver account. If the account is being opened by a parent or adult who is already a member of Just then either the child’s birth certificate OR NHS medical card are sufficient. If the adult opening the account is not a member then in addition to the child’s birth certificate OR NHS medical card he/she will also need to provide a utility bill OR bank statement to confirm their name and address.
• Parents, guardians, relatives and friends can also deposit savings into the account in cash, by cheque, standing order and payroll deduction.
• There is no minimum savings requirement for young savers.
• Junior Savers under the age of 8 must be accompanied by an adult to withdraw money from their account.
• Junior members can administer their account from the age of 8 years.
• Withdrawals can be made at any time from Just’s main office.
• As junior members of Just all Junior Saver account holders are entitled to receive an annual dividend payment