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25 February 2018
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Credit Union News

"Latest news, anouncements and important notices"

Credit Union News Archives · View:  

East Access Loans


Members and non-members can now apply for an Easy Access Loan of up to 500.00.

Interest rate 1.5% per month (19.6% APR).

Subject to terms and conditions



DIVIDEND


The dividend agreed at the Annual General Meeting on 12 December 2017 was 1.25%.  This has now been added to all active adult and corporate accounts.


The interest on all active junior accounts is 3.00%.


Loan Policy


Look at the new changes in the Loan Policy


Junior Accounts


The Board of Directors have approved a change in policy.  The maximum balance now allowed in junior accounts is 7,500.00.


Helensburgh Collection Point


Helensburgh Collection Point now open. Inside offices of Argyll Voluntary Action, 14 Colquhoun Square.  Open every Friday 11.00 am - 1.00 pm


WHEN TO PHONE FOR YOUR LOAN DECISION


The Credit Committee meets at 1.00 pm every Monday so please phone after 2:30 pm for your loan decision.


IMPORTANT INFORMATION: Compensation Arrangements



The Dumbarton Credit Union is covered by the Financial Services Compensation Scheme (FSCS).

The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors including most individuals and small businesses are covered by the scheme.
 
In respect of deposits, an eligible depositor is entitled to claim up to 85,000.
 
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch:

Refer to the FSCS website http://www.fscs.org.uk/ or call 0800 678 1100.


Share Withdrawal: IMPORTANT UPDATE


Share Withdrawal: Important Update

The Board of Directors has changed the policy on Share Withdrawals:

If your Share Balance is below your Loan Balance = NO Share Withdrawal allowed

If your Share Balance is equal to your Loan Balance = NO Share Withdrawal allowed

If you Share Balance is above your Loan Balance = only amount of Shares above Loan Balance allowed to be Withdrawn.


Next Board Meeting


The next meeting of the Board of Directors is Tuesday,  9 January 2018 at 6.00 pm in the office at 147 High Street Dumbarton


Dumbarton Credit Union Office opening hours:


Monday 9:30am to 1.00 pm

Tuesday 9:30am to 1.00 pm

Wednesday - Closed

Thursday 9:30am to 2:30pm & 3:30pm to 7:00pm

Friday 9:30am to 1.00 pm

Saturday 9:30am to 12:00pm

Sunday - Closed


Updated: 03 January 2018