Sheffield Credit Union

Saving money couldn't be simpler. 

Unlike some other savings schemes, you can save as much or as little as you like (minimum £1 per week).

These are the ways you can save:

·        By cash or cheque at our main office

·        By cash or cheque at any of our collection points

·        By standing order.  Click here for a form

·        Through your wages (if agreed with your employer)

If you save by cash or cheque you will be given a savings book where all deposits will be recorded.

All members will be sent a statement on the anniversary of their joining. However you can also request a balance at any time by contacting our main office.

Credit unions aim to pay a dividend on savings once a year to all their members.  This can be as much as 8% but is typically 2%-3%.  However this cannot be guaranteed, as the dividend is dependent on the amount of surplus the credit union generates. 

Life insurance is included for both savings and loans at no extra cost to you.  On a member's death, the amount payable can be up to twice the value of savings (subject to conditions) and will be paid to the person nominated by the member.  Any outstanding loans are also paid off.

And when you invest in your local credit union, you know that the only people you are benefiting are your neighbours or colleagues. Credit unions keep money within a community, because there are no outside shareholders to pay.

To withdraw savings just fill in a share withdrawal form and return it to us via the main office or a collection point.  We would normally deal with withdrawals within 7 days.  However it can be dealt with quicker if a member brings the share withdrawal form to the main office in person.