Mon: 9.30am - 4.00pm
Tue: 9.30am - 7.00pm
Wed: 9.30am - 4.00pm
Thu: 9.30am - 4.30pm
Fri: 9.30am - 4.30pm
Sat: 9.00am - 12noon
Tue: 3.30pm - 6.30pm
Fri: 9.30am - 12noon
Sat: 12noon - 2.00pm
Tue: 10.00am - 12noon
Sat: 9.15am - 11.15am
Why borrow from your Credit Union?
A Credit Union loan is better in so many ways:
Over the last 15 years we have paid a rebate on the loans our members have taken with us.
This rebate (although varies year to year) for 2015 was 25%. That means you get 25% of the interest you have paid on your loan back into your account.
- Loans are insured at no direct cost to the eligible member.*
- There are no hidden fees or transaction charges.
- Reasonable interest rates.
- Flexible repayment terms to suit your particular circumstances.
- You can repay the loan earlier with no penalty.
- Additional lump sum repayments accepted with no penalty.
- Freedom to make larger repayments than agreed with no penalty.
Why is saving with Bannvale Credit Union better?
Whether you’re saving for something in the future or just for a ‘rainy day’, regular saving is a good idea.
Regular saving with Bannvale Credit Union is an even better idea. At Bannvale Credit Union you’re not just a customer, you’re a member of a successful financial co-operative.
Each share you hold in Bannvale Credit Union is equal to £1. There is a 50p entrance fee and you will need to hold a minimum savings of £20. Members enjoy equal rights to vote, (one member, one vote) and participate in decisions affecting the credit union.
Bannvale Credit Union declares a dividend at the end of every financial year and each share you hold is eligible for a dividend. The more shares you have, the greater the dividend you will receive.
We have given, on average,
1.11% Dividend and 22.25% Rebate over the last three years.
While dividends and rebates are not guaranteed and are dependent on the overall annual performance of the Credit Union, for the year ended September 2015, BCU was able to pay out a dividend of 1% on shares and a loan interest rebate of 25%. (Which means for every £100 of loan interest paid by the member £25 was repaid) Loan interest rebate, where allocated, can significantly reduce the cost of borrowing from Bannvale Credit Union).