Slieve Gullion Credit Union Limited
Slieve Gullion Credit Union Ltd Slieve Gullion Credit Union Ltd Slieve Gullion Credit Union Ltd Slieve Gullion Credit Union Ltd
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Overview

Put your savings to work

Put your savings to work. Slieve Gullion Credit Union Limited actively encourages members to save. Each £1 of savings in the Credit Union equals a share in the Credit Union.

The more shares you hold, the greater the return you receive when the annual dividend is being paid. Members can hold up to £15,000 within Slieve Gullion Credit Union Limited.

Special Loan Within Share Rate

We currently offer a 6% ‘Loan Within Shares’ to our Members to make it easier to keep hold of savings.

Whether you are saving for a specific financial goal or for the security of your family, at Slieve Gullion Credit Union Limited you are a member of a financial co-operative with a long and successful history.

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What does the Credit Union offer?

Regular saving with your Credit Union has many benefits:

–  Your savings are secure, i.e.
insured at no direct cost to you

–  There are no hidden fees or
transaction charges

–  A regular saving history will
assist you with any loan
application with your Credit
Union.

At your Credit Union you have the added bonus of knowing that your savings are being used to make loans to other members – members just like you.

For further information talk to our friendly staff here at Slieve Gullion Credit Union Limited.

Opening an account

In order to join Slieve Gullion Credit Union Limited you will need the following:

–  A completed Membership
Application Form that can be
collected from our office

–  Proof of Identification:
We require a form of
photographic ID such as a
current EU or UK valid
passport or driving licence

–  Documentation that proves that
you live at your address (which
must be within our common
bond (seven mile radius and
within Co. Armagh).

Acceptable documents include a
utility bill, a water bill, a council
tax bill, your latest bank,
building society or credit card
statement , a mortgage
statement, a valid UK driver’s
license (this can only be used
as proof of address when a
separate form of identification
is used as photo ID), post
office statement or a letter
confirming eligibility to state
benefits.

Please note these documents
must be up-to-date; i.e. no
older than 6 months old.

Once your application for membership has been approved by the New Members Officer you will be issued with your own membership number and be able to collect your passbook from the office.

Dividends & Interest Rebates

In the last five years the dividend and interest rebate paid back to members has been as follows:

2013 – 2014
Dividends on Shares held: 1.0%
Interest Rebate on Loans: 10%

2014 – 2015
Dividends on Shares held: 1.0%
Interest Rebate on Loans: 20%

2015 – 2016
Dividends on Shares held: 0.5%
Interest Rebate on Loans: 20%

2016 – 2017
Dividends on Shares held: 0.3%
Interest Rebate on Loans: 20%

2017 – 2018
Dividends on Shares held: 0.3%
Interest Rebate on Loans: 20%

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Your eligible deposits are protected up to a total of £85,000 under the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 are not covered. To find out more talk to us, visit www.fscs.org.uk or view the online leaflet in our forms section