| |
Credit Union volunteer
For more information ring: (0191) 553 4020 or 553 4021 or email: hrcap@yahoo.co.uk |
What is a credit union?
- A financial Cooperative run by its members for its members;
- Members are encouraged to save regularly from as little as £1 per week;
- Members can apply for low cost loans after a qualifying period.
Wearside First Credit Union is a brand new credit union for anyone who lives or works within the City of Sunderland. We are authorised and regulated by the Financial Services authority and members savings are protected by the Financial Services Compensation Scheme.
What service do we offer?
- Regular Saver, Christmas Saves and Holiday Saver Accounts
- Low cost loans (Interest at 1% per month APR 12.68%)
- INSURANCE on savings at NO COST (On the death of a member aged
16-65 beneficiaries receive DOUBLE the amount saved*)
- Loan Protection INSURANCE at NO COST*.
(*terms and conditions apply.)
Please call in and chat with Glenda or Anne about how becoming a member of Wearside Credit Union would benefit you.
The history of Wearside First
The idea of a citywide credit union was developed
initially back in 1999 by a community group in the Coalfields area.
After a huge amount of research a feasibility
study was commissioned and carried out by Association of British
Credit Unions Limited (ABCUL) which found that there was a need
for a citywide credit union which would be available for anyone
who lived or worked within Wearside.
Funding to the tune of £660k was raised from
ERDF, HLC, NRF,SRB and NDC to support the development and initial
trading of the credit union. A further £95k has kindly been granted
by Northern Rock Foundation.
Application was made to the Financial Services
Authority for the registration and authorisation of the credit union
and this was granted in August 2003.
The credit union opened for business and started
taking on members in November 2003.
Whilst we are currently in temporary premises
we will be opening city centre 'shop front' premises in Waterloo
Place in March 2004 and collection points will be opening throughout
the city commencing January 2004.
We plan to be one of the largest credit unions
in England.
What does being a member mean to me?
- An opportunity to be able to save regularly from as little as £1 per week
- After being a regular saver for 10 weeks, the opportunity to apply for a low cost loan
- Life savings insurance and loan protection insurance at no extra cost *
- The opportunity to become involved in the running of the credit union and receive high quality training
- Full protection on savings through the Financial Services Compensation Scheme
- Be rewarded for saving with the credit union by receiving a dividend. This depends upon what profits are available at the end of a year after paying running costs of the credit union
(*some conditions apply.)
Where are we?
- We will be opening city centre premises at 6 Waterloo Place at the beginning of March 2004. (opposite Hills Bookshop);
- At present we are working from temporary premises in Ferryboat Lane which are not open to the general public unless by appointment;
- We will also have collection points opening throughout the whole of the city. The first of these will be opening during January and local advertising will be done to alert people to locations and opening times;
- We will advise you again in three months of our progress.
How can you contact us?
- Main telephone/facsimile 0191 5160370
- Email: info@wearsidefirst.com
- Web address: www.wearsidefirst.com
- Carol Groombridge, General Manager mobile 07789988254
- Carole Sinnott, Community Development Manager mobile 07789988252
- Terry Molloy, Finance and Operations Manager mobile 07789988253
Ruth Blair, Senior Member Services Officer
Loraine Shemmings, Member Services Officer ·
Board members can be contacted by telephoning
the main telephone number or emailing the credit union.
How can I become a member?
- Complete the enclosed simple application form and Direct Debit form
- Send the form into us at Ferryboat House, Ferryboat Lane, Sunderland SR5 3JN and we will contact you further to obtain the necessary proof of name and address.
- Telephone us on 01915160370 or Email us on info@wearsidefirst.com and we shall make the necessary arrangements
How can you help us?
- After joining Wearside First Credit Union you can help to run it. You could become a volunteer at one of our collection points which will be opening throughout the city or you could become a member of the board.
- Full training is given to all of our volunteers and you will have the opportunity to gain or improve skills in customer service, money handling and administration and the chance to meet people in your community
- You might also be interested in developing a collection point where you live or work
- You might know of an employer who would wish to be a sponsor of the credit union by offering membership of the credit union to their staff as a benefit by facilitating a payroll deduction scheme.
- We need you to help build on the success of the credit union and provide huge benefits to the whole of the community of Wearside.
- Please contact Carole Sinnott (for volunteering or collection points) or Carol Groombridge (for employers) for further information.
|
