Credit Union News
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Financial Services Compensation scheme
The amount of protection offered by the Financial Services Compensation Scheme is presently £85,000 per person but for joint accounts this can be up to £170,000.
The RMT Credit union will now be collecting shares on the 2nd of each month.
Parents and grandparents that are either separated or divorced can now open a junior account for their child or granchild. Click on heading for more.
Dividends are paid gross by all credit unions but members are reminded about tax - click on heading for more
HMRC is seeking to change all credit unions' handling of dividends to non-UK residents - click on heading for more
Savers will receive their monies in the 2nd week of November.