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18 November 2017
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Save With Us

"The Credit Union offer a range of services to our members"

Save With Us

Everyone benefits from regular saving, it allows us to work towards our financial goals and gives us peace of mind should an emergency arise. Committing yourself to a regular saving pattern can be difficult but at the Credit Union its easy with payroll deduction. Credit Union members can save at an affordable level be it 1 or 100. 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 5 600 900 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;
  • Confidentiality is respected at all times;
  • No hidden charges or fees on any transactions
  • 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.

Special Savings Account

Our Special Savings Account is a separate savings account which allows you to save for that special event or item, such as Christmas, holiday, wedding, television, indeed anything that you wish to specificially save for.


Updated: 28 February 2017