Credit Union News

 

BBC series "A Matter of Life and Debt" is looking for participants

 

Autumn Newsletter

 

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. 

Summer Club

 

Shares

The RMT Credit union will now be collecting shares on the 2nd of each month.

Junior Account

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.


Dividend and Tax Update

Dividends are paid gross by all credit unions but members are reminded about tax - click on heading for more


Tax and Dividend Update for Non-UK Residents

HMRC is seeking to change all credit unions' handling of dividends to non-UK residents - click on heading for more

Christmas Club

Christmas Club money was paid out to all accounts today and the dividend paid on the accounts was 0.5% 

 

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