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Merthyr Tydfil Borough Credit Union Ltd. |
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Save an amount and at intervals that suit you. Regular savers can apply for 12.68% APR Loans. |
Product Summary |
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Your Credit Union offers a safe and secure means to save. Deposits can be made by any of the following means — at your local Collection Point; Bank Standing Order or Payroll Deduction (approved Employers only). Deposits made at a Collection Point may be by cash or cheque. Please be aware that if you pay by cheque and you do not have the funds available at your bank a £12 charge will be applied to your account for that refused cheque. The amount a Member may apply to borrow is determined by the amount of savings held and is subject to the Credit Union’s Loan Policy. 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 it’s easy with bank standing order or 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
Benefits of Saving with your 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. · Depending on reserves, shares may be eligible for an annual dividend. |
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Saving for that rainy day. |
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OFFICE HOURS 9am to 1 pm Monday to Friday
19 Park Place Merthyr Tydfil CF47 0DJ
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To contact us: |
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A SAFER WAY TO SAVE—A CHEAPER WAY TO BORROW |
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To contact us: |
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· SAFE AND SECURE · SAVE WEEKLY, MONTHLY OR AT INTERVALS THAT SUIT YOU · YOU CAN MAKE REGULAR PAYMENTS BY BANK STANDING ORDER · Payroll Deductions possible from approved employers |
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Amount |
£2 |
£5 |
£10 |
£20 |
£25 |
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Year 1 |
£104 |
£260 |
£520 |
£1,040 |
£1,300 |
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Year 2 |
£208 |
£520 |
£1,040 |
£2,080 |
£2,600 |
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Year 3 |
£312 |
£780 |
£1,560 |
£3,120 |
£3,900 |
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Year 4 |
£416 |
£1,040 |
£2,080 |
£1,460 |
£5,200 |
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Year 5 |
£520 |
£1,300 |
£2,600 |
£5,200 |
£6,500 |