Quote:
Originally Posted by Margaret Pilkington
I think there are some credit unions, but I am not sure how they operate.
I think that some people who cannot get a bank account can secure loans from them at reasonable rates.
Jen is the person to ask. I am sure she would be able to give us chapter and verse on Credit unions.
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here you go Margaret ..
fccu
the credit union is up on the balcony in the market hall ... on the right hand side ... its open on Tuesday, Thursday and Fridays 10am to 1pm. Its run mostly by volunteers (yes im one) ... If you become a member you get a paying in book or you can set up a standing order ... we need proof of date of birth, name, address and national insurance number, and to open your account we will need £7 ... £5 to go in your account and £2 membership fee. After that you can put in 50p or £50 ... we'll take whatever .. The credit union has 3 different accounts, the main account is your shares account (this is used as your collateral if you get a loan and if you have a loan until your loan is below whats in your account you cant draw any money out of it and then only the difference), then we have the no 2 account (savings account if you have a loan you can draw out of this one) and the Christmas savings (this one you cant draw any money out till the 31st October).
Anything else you want to know ... by the way we always need volunteers