Coming soon

Member Balance Enquiry, you will be able to log in to this website to get up-to-date share and loan balances.

 

 

How to become a credit union member

Step 1: Complete a membership application form; click on "Downloaded forms" on the above navigation bar.

Step 2: Provide two means of identification and at least 1 of these must show your current address.

If you do not live in the County of Denbighshire but work or study here, please make sure you can provide additional documentation:

Students - A document stating you are studying at an educational establishment in Denbighshire.

Volunteers - A document from the organisation stating that you are completing voluntary work in Denbighshire.

Employees - A payslip or other document showing your name and the name and address of your employer.

Step3: Bring your application form to our office or to the Corwen collection point or post it with:

Your two means of identification £2 membership fee and

Your first savings - a minimum of £1

Credit Union Office: 19 Bridge Street, Denbigh, Denbighshire, LL16 3LF
Corwen collection point: ANN Please add details

See "Contact Information" link on above navigation bar for opening times of the above.

Step 4: Once your application for membership has been approved, you will be issued with a passbook and can start saving immediately and regularly. You can also save through a Standing Order mandate if you have a bank account - download a Standing Order mandate form, from the Download forms page or click here for your convenience.

Benefits of Membership

Credit union membership makes sense for everyone regardless of their financial situation.
Benefits include:

• Low cost loans set at a maximum interest rate of 2% per month and tailored to suit individual needs.
• A say in how your credit union is run. A credit union is owned and controlled by its members, which means that you and your community make the decisions.
• Possible dividend payments on your savings.
• Developing a regular savings habit – large or small deposits are accepted.
• The knowledge that your savings are being retained in the locality and used to benefit your community.
• Free loan protection and life insurance (subject to certain age restrictions). (For more details, click on the "Insurance" link on the left navigation bar.)
• Peace of mind that your savings are secure. All credit unions are insured against fraud and theft and are monitored closely by the Financial Services Authority.
• Membership of the Financial Services Compensation Scheme (the same one that operates for all banks and building societies), which means that your savings are fully covered up to £50,000.
• Access to the Financial Ombudsman Service for advice regarding complaints if dissatisfied with your credit union services.
• A highly confidential and personal service.
• No hidden charges.
• Volunteering opportunities. Although we have some paid staff, all credit unions in Wales are managed by volunteer members and are very dependent on volunteers. Caledfryn Credit Union is no exception. We welcome volunteers - click on the link to "Volunteers" on the left navigation bar for more information.

Additional added value services are available from time to time, such as energy efficient goods at reduced prices. Check further with our Credit Union for more details or look at our "Newsletter" a link on the navigation bar on the left.

Becoming a member

Anyone over 16 years of age can become a full credit union member provided that they are part of the 'common bond'. By law you have to be 18 years or over to receive a loan.
Junior membership is available to those under 16 years of age. Credit union membership is an excellent way of getting young people into the savings habit.

As stated above, all credit unions are based on a 'common bond', all members having something in common with each other. Our common bond means that anyone who lives or works in the county of Denbighshire south of the A55 can join us.

If you are within our common bond, joining our Credit Union could not be easier. Simply follow the steps highlighted below. Once accepted, you will be asked to pay a small membership fee of £2.00 and then you can start saving regularly and take advantage of all the benefits which membership offers.

Proof of Identification & Address

Provide two means of identification and at least 1 of these must show your current address.

Acceptable proof of identification:	Acceptable proof of address:
Drivers Licence	Benefits Book
Birth Certificate	Council Tax bill
Passport	A utility bill i.e.
NHS Card	gas
Bank/Credit Card statement	electricity
Building Society passbook	water
Employers' ID pass with photo	telephone