Junior Membership
The Credit Union has a Junior Savings Scheme, which has been established to encourage young people to save and learn to manage their finances from an early age
There are two ways in which this account may be operated:
- An adult can open and allow children to operate their own account agreeing on a maximum amount they can withdraw
- An adult can open and operate the account for the child
On their 16th birthday all junior savers become full members (they will have to complete the adult membership form and bring two forms of ID to the office).They will not be able to access loans, act as guarantors
or serve on any
committees until aged 18.
Young people are able to make deposits by:
- Visiting Credit Union offices
- Through the Trustee in the form of a standing order/payroll deductions/cash
- PayPoint