Hastings & Rother Credit Union Ltd
Don't feed the loan
If you think you may have
been the victim of a loan shark, you can report them in total confidence to the
Stop the loan Sharks project on 0300 555 2222 or via Facebook. You can read about some of their
successes in their Newsletter.
Free Debt Advice Service
If you are having problems
dealing with debt, you can get free advice from the Consumer Credit Counselling
Service (CCCS) - the national debt help charity.Their FREEPHONE helpline is open from 8am to 8pm Monday to Friday 0800 138 1111.Their website is here.
It is important to look after our finances and make sure we always get good value for money.
It makes sense to save if you can; even a small amount each week will soon mount up. It gives you a bit of a “safety net” when you suddenly need to buy a new washing machine or to pay an unexpected bill.
Many people saving for Christmas lost out with the collapse of Farepak a few years ago. If you save with a credit union, you know your money is safe as it is protected by the Financial Services Compensation Scheme (full details available here.) [The amount covered is now £85,000 not £75,000 as shown on the Information Sheet following a change in the Sterling:Euro exchange rate.]
You can pay into the Credit Union by cheque payable to ‘Hastings & Rother Credit Union’, by Standing Order from your bank account or at your local PayPoint. Your savings are referred to as "shares" as they give you a vote in the running of the Credit Union. We do not pay interest on shares but a dividend may be paid from any surplus at the end of the year decided by a vote by members at the Annual General Meeting.
You can withdraw from your savings at any time by completing the Share Withdrawal Form and returning it to the office or one of our Information Points. You will need to give us a few days notice as our Information Points do not hold cash. The withdrawal can be by cheque which can be cashed at a convenient Post Office or direct into your bank account.
A pre-paid VISA debit card is available for instant access to your savings. Details here.