Join Us
This credit union exists for the benefit of its members, whether savers or borrowers. As a co-operative, our individual efforts combine for our mutual benefit. Credit unions offer members the chance to have control over their finances by making their own savings work for them.
To join Carnglen Credit Union you must live or work within our common bond.
ADULT ACCOUNT 16 YEARS OLD & ABOVE
To open an Adult Account you must attend the office with one document from each of the headings below:
Photographic Identification
- Current Valid Passport
- Valid Driving Licence
- Electoral Identity Card
Home Address Verification (dated within the last 3 months)
- Bank statement
- Current Utility Bill
- Government issued letter
Proof of Employment
- Pay slip showing employer
- P60 Tax statement
- Letter from employer on headed paper confirming employment
JUNIOR ACCOUNT 0-15 YEARS OLD
To open a Junior Account, you must attend the office with one document from each heading below:(if the child is aged 7 years or older they must also be in attendance)
Child's ID
- Child's long birth Certificate or
- Child's valid passport.
Photographic Identification for the Parent/Guardian
- Current Valid Passport
- Valid Driving Licence
- Electoral Identity Card
Home Address Verification (dated within the last 3 months) for the Parent/Guardian
- Bank statement
- Current Utility Bill
- Government issued letter
Membership Application Form
Key Benefits of Becoming a Member
Loans at low interest rates - Members can take out flexible loans and repay at tailor-made schedules
Each year we pay a dividend on member’s savings - this is generated by any surplus made throughout the year and returned to members. If you have borrowed with us over the year you can also receive a rebate on any loan interest you pay. Savings are also covered by insurance
You can be assured of a professional service from Carnglen Credit Union at all times and there are no transaction fees charged on accounts
The Credit Union provides insurance cover on each qualifying member to clear any outstanding loan balance after the borrower dies
Carnglen Credit Union provides life insurance cover for its eligible members as an additional incentive for them to save regularly in the Credit Union. The amount of insurance benefit to which a member is entitled is in proportion to the amount of savings the member has and benefits are payable only on the death of a member.
Every member of Carnglen Credit Union is covered by a Death Benefit Insurance which is a one-off payment of £2,000 designed to help out with funeral expenses. (provided the member joins before the age of 70) Each member pays a small fee for this each December which is deducted automatically from Shares (£10.00 approx.)
With this system, members are all given their own sort code and account number, just like with a bank account. This makes saving money and making loan payments easier than ever before by giving members the chance to pay straight into their accounts from home!
