Becoming a Friend of Stockport Credit Union
Help us to help those who live in Stockport by becoming a Friend of Stockport Credit Union. It is a simple concept. Our aim is to get 1,000 new friends committing £1,000 to a savings account.
You move £1,000 of your money from your existing bank where it is probably sitting without getting much interest, and we’ll give you back so much more.
Firstly, each year we pay a dividend according to our performance. Last year (2018/2019) this was 0.8% of balances and the year before 0.7% which is more than comparable with most high street banks interest rates.
Secondly, and more importantly, the money we have on deposit allows us to lend more money to those in Stockport who may need a little bit more help, putting food on the table, paying rent, buying school uniforms and making ends meet. Even more so in the current crisis. By paying less interest to us than they would pay to a ‘for profit’ lender, our members are able to spend the savings they make in the local community, which further supports the local economy.
Thirdly as we are regulated, just like a bank, your money is protected by the FSCS (Financial Services Compensation Scheme) just like if it was held in a bank. Money saved with us is every bit as safe as it would be with a high street bank.
How it works:
STEP 1: Become a Friend
Sign up HERE to become a friend to Stockport Credit Union. WE will complete your application and let you know as soon as we have set you up.
STEP 2: Deposit your money
Deposit your money in to your account using the details on our standing order mandate form, and whilst you’re there why not set up a regular savings payment? Whilst this is an instant access account, we would love you to be able to keep the money with us – the longer it is with us the more good we can do together.
STEP 3: Share the love
Tell your friends, family and contacts what a wonderful thing you have done and how they too can help us help those who live in Stockport live that little bit easier.
Why not download a badge to put on your social media to show your friends that you’re a Friend of Stockport Credit Union, or in our 1,000 club?
Thank you once again for visiting us and becoming a Friend. We all need a good friend like you.