Savings in Ballinascreen Credit Union are known as shares. This is because if you have shares equal to or in excess of £1 in Ballinascreen Credit Union you are a member. At the credit union, you are not just another customer but a member of a highly successful financial co-operative. You have a share in the ownership of Ballinascreen Credit Union as well as earning a dividend on your shares.
Whether you are saving for something in the future, or just for a rainy day, it is a good idea to save some money on a regular basis. Regular saving is a fantastic way to approach personal finance.
What are the benefits of credit union savings?
- Savings balances over and above any loan you may have are available to you to withdraw on demand.
- Dividends for savings available on demand.
- There are no transaction charges or fees.
To become a member of Ballinascreen Credit Union, you must be within Ballinascreen Credit Union’s common bond. The common bond of Ballinascreen Credit Union allows anyone living or in employment within a 6 mile radius of Draperstown to apply to become a member of the Credit Union.
Anyone within the common bond is eligible to apply for membership, and can start saving immediately.
To open an account, please visit the Credit Union office and bring the following documents: –
- Current photo ID – passport, driving licence;
- Proof of residence – Utility Bill, Bank Statement within the last 3 months.
Our Credit Union lets people in the community come together to save and borrow money at low interest rates. It is operated on a not-for-profit basis, with surpluses being returned to members in the form of yearly dividends.
Download a membership form Here
