Application for a membership can be made at any access point.
Bring one item of photographic ID i.e. passport or driving licence (original only).
Bring one recent official letter no more than three months old (original only).
An annual fee of £5 is due on the 31 March each year.
Members can pay via collection point, standing order, online, over the phone with a debit card or payroll deduction.
A Share Account may be opened by completing a Membership Application Form and by providing appropriate identification documents.
A minimum deposit of £1 is required to join thereafter the minimum balance of £5 is required.
Members with outstanding loans may only withdraw shares if their value exceeds their loan balance and any future interest and the amount they withdraw will be limited to the surplus shares over loan, e.g. a member with an outstanding loan of £100 including interest and a share balance of £150 may withdraw up to £45.
An Annual Dividend may be paid, gross of tax, on Share account, subject to surplus. Dividend rates will be decided at the AGM.
An annual service charge of £5 applies.
Default in loan payments could result in transfer of Shares.