The Tay Valley Credit Union provides Council employees of Perth & Kinross Council, Angus Council, Dundee City Council and Fife Council with a convenient way to save money and access to loans at competitive rates of interest.
- It's a non profit organisation owned by its members
- It provides an alternative to traditional financial service providers
- It provides an easy and safe way to save and a competitive ethical way to borrow
Benefits of joining
It's easy - joining the Tay Valley Credit Union provides an easy way to save through payroll deduction. All you need to do is complete an application form and the Tay Valley Credit Union will set up the payroll deduction with the Council. Making a withdrawal or amending the amount you save is quick and easy.
It's competitive - after saving for 3 months members become eligible to apply for a credit union loan. The current loan policy allows a member to borrow up to three times the amount of their savings.
It's reassuring - another benefit enjoyed by credit union members is the £ or £ free life savings insurance provided on your savings. Free loan protection is also provided to age 65 which would see your loan paid off in full in the event of your death.
It's rewarding - at the end of each financial year the Board of Directors of the Credit Union propose the rate of dividend to be paid. All members of the credit union receive the same dividend on their savings, no matter how small your savings balance or monthly contribution.
It's safe - Credit Unions are regulated by the Financial Services Authority, which also regulates banks and building societies within the UK.