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
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%.
Look at the new changes in the Loan Policy
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If you Share Balance is above your Loan Balance = only amount of Shares above Loan Balance allowed to be Withdrawn.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