Stuff you should know about money

How to start saving regularly

October 21, 2021 Co-op Credit Union
Stuff you should know about money
How to start saving regularly
Show Notes
  • Saving with a credit unions offer a convenient, safe and ethical way to put some money away for the future and to escape the trap of high cost loans. We don't tie members into a strict savings plan, but we do encourage everyone to save regularly. Members can also benefit from free life insurance.
  • With a regular savings account, you commit to paying in a certain amount each month. In return the credit union provides a safe place to easily access your savings and provide a loans service to enable good budgeting of life's ups and downs.
  • The credit union is owned by its customers, or members, and may pay a dividend each year to regular savers and borrowers.
  • Cash you put into  a credit union is protected by the Financial Services Compensation Scheme (FSCS). The FSCS savings protection limit is £85,000 (or £170,000 for joint accounts) per authorised firm.
  • Withdrawals and deposits can be made directly to and from your bank account
  • Life cover at no extra cost – Savings doubled up to a maximum of £15,000 in the event of a claim
  • Payroll deduction available 
  • No hidden costs or charges

https://www.co-operativecreditunion.coop/contact/

  • Business Hours: 9am to 4.30pm Monday, Wednesday, Thursday and Friday. 10am – 4.30pm Tuesday. Closed Bank Holidays.
  • Phone: 0345 602 3554 – call-back service. Please leave a message clearly stating your full name, membership number, contact telephone number and the nature of your query we will get back to you the same day if message left before 3pm, or if after 3pm we will call you back the next working day.
  • App: Chat via our secure and convenient messaging app, Nivo, during office hours and we’ll get back to you ASAP.

Find out more or download now

  • Email: credit.union@co-operativecreditunion.coop.  Note: any emails sent to our old address (credit.union@coop.co.uk) will be automatically forwarded.  We will service these enquiries as normal.
  • Postal address: 1 Angel Square, Manchester, M60 0AG. (Note, the office is closed to walk-in visitors).