Credit Union News

With the Summer holidays just around the corner, now is the time to start thinking about putting your loan application in to make sure you receive your funds in plenty of time.

Instead of withdrawing your Shares why not leave them where they are and take out a Secure Loan instead. Our rate is very competitive at 0.45% per month 5.54% AER. That way your savings stay where they are and continue to grow each month.

The Credit Union can now arrange a transfer of funds directly into your bank account rather than waiting on a cheque to clear, making it a faster way of accessing your money.

Your eligible deposits with First Scottish Univeristy Credit Union are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.

Further information is available here or visit www.fscs.org.uk.

http://www.facebook.com/pages/First-Scottish-University-Credit-Union-Limited/169469779762983

or go to Facebook and search for First Scottish University Credit Union

“Regular Saving – Responsible Lending” is your Credit Union’s motto. To this we should add “Simple Savings”.

Your Credit Union is therefore simplifying the interest rate structure. From 1^st February 2012, all loans (apart from introductory loans) will bear an interest rate of 1% per month on the reducing balance – APR 12.68%