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13 December 2018
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Credit Union News

"Latest news, anouncements and important notices"

Credit Union News Archives · View:  


Following the AGM it was agreed that a dividend of 0.75% will be paid to members and 2% interest to juniors.


Please note that proof of income is required on ability to pay loan applications prior to consideration.


Are your account details up to date?

Have you changed your address, mobile number or email?

Have you verified your beneficiary recently If married since joining then unless confirmed your beneficiary is void.


Are you interested in volunteering?

We urgently require volunteers to work from 4.45-7.30 on Thursday evenings and/or 9.00- 12.30 on Saturday mornings.

If you are interested please contact the office and ask at enquiries.


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


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, 8 January 2019 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: 12 December 2018