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For People. Not Profit
Joining the credit union is the best decision you could take for your money.
Opening an Account
Why join a credit union?
Compared to other finance providers credit unions offer a real alternative way to save or borrow, providing low-cost personal loans, and easy ways to save.
Who can join Stevenage Credit Union?
Anyone can become a member if they live or work in Hertfordshire.
How can I join the credit union?
You can join the credit union by clicking on "Join Us" at the top of this page. You will need a valid driving licence or passport to join online. If you are unable to join online (or do not have a valid driving licence or passport) contact us during office hours and we will arrange a time for you to come along and one of our staff will process your application. If you do this we will need proof of ID and an up-to-date utility bill as proof of address.
There is an annual membership fee of £5.00 on all 16+ memberships. Accounts that have no activity for 12 months will be considered dormant and subject to a £5.00 dormancy charge (16+ members' accounts only).
Junior accounts (under 16) can be opened by parents or guardians. A birth certificate is required for proof of identity and proof of address. Junior accounts cannot be opened online, you will need to contact us.
Benefits of being a member
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Flexible and convenient for loans and savings
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Convenient - Pay into your account at the local branch or by standing order
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Ethical - Profits stay in the community, no outside shareholders to pay
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Affordable - Fixed interest rates - no hidden charges
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Secure - Your deposits are protected by the Financial Services Compensation Scheme (FSCS)
Withdrawing your savings
If you want to withdraw your savings the best option is a bank transfer. You can contact the credit union to tell them how much you want to transfer from your credit union account.
The other option is to visit our office at 11 The Hyde to ask for a cash withdrawal.
Please bear in mind that you will have to give seven days notice if you wish to withdraw more than £300.
Can I apply for a loan immediately?
You need to have started saving with us before you can apply for a loan. Stevenage Credit Union can offer you a loan suited to your circumstances. If you are over 18 the type of loan you can apply for will depend upon your membership length, the level of savings you have, your credit history and your ability to repay the loan. Click on loans above for more details.
Is my money safe?
Yes, by law the credit union has to cover itself against fraud and be audited every year. Credit unions are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
For more information, you can contact the credit union on 07895 327 826 or email them on mail@stevenagecreditunion.com