Many organisations share our ethos and community principles and may wish to support our objectives by investing in the credit union. We can also offer some transactional services which may assist your organisation such as the ability to pay bills and for supporters to make deposits to your account.
We offer two types of account for organisations:
Examples might include charitable groups, social enterprises, parish councils or neighbourhood groups.
The account is designed for large organisations keen to see a social return on their shareholding as well as the potential for a dividend payment. Examples would include local councils or housing associations.
|Joining the credit union as a profit-sharing member||£5.00||FREE|
|Account Maintenance fee per month||FREE||FREE|
|Maximum shareholding of £15,000 at any one time||YES||YES|
|Initiate transactions by phone or email||YES||YES|
|Online account access||YES||YES|
|Profit sharing accounts – if we make a profit we share it with our members as an annual dividend||YES||YES|
|Max number of cash deposits at our office or by PayPoint card in local shops||unlimited||N/A|
|Additional PayPoint deposits beyond account limit||£0.50||N/A|
|1st PayPoint card issue||FREE||N/A|
|Additional PayPoint card issue||N/A||N/A|
|Deposit cheques by post to our office. Ideal if you mainly use cash and handle cheques, with no charges for depositing cheque. Maximum number of deposits||unlimited||N/A|
|Bounced cheque fee||£12.00||£12.00|
|Maximum number of all withdrawals per year||N/A||TWO|
|Notice to be given for withdrawals||None||90 Days|
|Faster Payment Transfers|
|Maximum number of incoming bank transfers||unlimited||N/A|
|Maximum number of outgoing bank transfers (outgoing same day by Faster Payments)||1 per week||2 PER YEAR|
|Additional outgoing payment beyond allowance||£0.30||£0.30|
|Receive international bank transfers into the account||N/A||N/A|
|Send international bank transfer||N/A||N/A|
|Debit and Credit Cards||N/A||N/A|
To apply for an account for an organisation, please complete the form below.
Terms and Conditions for Organisation Accounts can be founds here.