Savings

Why save with WFCCU?

Volunteer with Junior Saver Many members save with WFCCU simply because they know that by doing so they are helping their own community.

But suppose you’re fed up with saving money!
Whether you’re thinking of something special for the future or just about the risk of a “rainy day”, regular savings is a good idea.

Regular saving with the WFCCU is an even better idea.
You’re not just a customer; you’re a member of a successful financial co-operative.

Saving is easy

You can pay in via cash, cheque, bank standing order, payroll deduction from your weekly or monthly pay or even via a transfer from your benefit payments that come into your account at your credit union.

Although you are encouraged to save regularly, WFCCU is friendly and flexible and you can pay in as much or as little as you like, as often as you want, from £1 upwards.

As well as share accounts, you can open deposit accounts for specific purposes or to enable you to budget to meet rent or council tax or other recurrent bills. Deposit accounts do not however give access to loans as share accounts do.

Savings are secure

First of all, the WFCCU is insured against loss by fraud or theft. Then there is a Supervisory Committee to see that all the rules are strictly followed. And at the end of each year there must be an inde0pendent audit of the books.

Moreover, all of your savings are 100% protected under the Financial Services Compensation Scheme. If the credit union were to fail, you would get all of your money back. The WFCCU must send regular financial reports to the Financial Services Authority.

Free Life Insurance

Very importantly, your savings are insured free to you, through our Life Savings Insurance, so that if you die, your family will receive your savings and up 100% extra. As a member, any loan you take out is covered by free insurance against your death, too. A bank would charge you for this!

Its local and benefits local people

The sooner you start saving with WFCCU the sooner the community benefits. More people who need help will be able to borrow at rates they can afford. It’s our community in our borough you’ll be helping by joining.

Savers are members

Members are owners. You will get a say in how the credit union is run and together you choose the directors and other officials.