Parkhead Credit Union
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Savings Accounts

Savings Accounts Your savings in the Credit Union, known as shares, create the working capital which is used to make low interest loans to yourself and other members of the Credit Union

This account is a flexible and easily accessed savings account.

The Credit Union provides free Life Savings insurance on savings (subject to status). In the event of the death of a member, the lawful beneficiary will be provided with this benefit.


Paying In



Payments can be made anytime during normal opening hours or by Standing Order from your bank.

Withdrawals



A member may apply to withdrawal some of their savings by completing a share withdrawal form.
Shares can only be withdrawn when loan balance falls below share value or by approval of the Board of Directors


Christmas Savings Account



This account is to help members save for Christmas. This account is identified separately from the normal savings account. A member will be advised of conditions of this account when joining.


Junior Saving Account – for under 16s



  • Children under the age of 16 who fulfil the common bond qualification can open a junior Savings Account with the Credit Union
  • This is purely a savings account. A loan shall not be made to anyone under the age of 18 years
  • When opening the Junior Savings Account, a guardian shall be identified as the person responsible for the child’s account
  • Withdrawals savings on the account are as follows:-


Age 0-7 Trustees Signature Only
Age 8-13 Junior Member and Trustee Signature
Age 14-16 Junior Member signature only

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