Join Chesterfield & NE Derbyshire Credit Union

Rules of Membership

To join Chesterfield and North East Derbyshire Credit Union you must live within the county of Derbyshire. OR be in paid employment within the county of Derbyshire. Proof of this will be required from your Employer. You must be over 16 years of age and have paid the non-refundable £5 entrance fee. You must complete this application form and be approved at the next meeting by the Board of Directors. You must provide proof of identity which shows either:

– Signature

– Address

– Date of birth

Acceptable proofs would be: a current driving licence, a passport, an NHS card, recent utility bill, bank statement or store card statement or benefit letter. All information provided to the Credit Union in regard to membership, savings and loans is treated as confidential. The only exception is where there is any suspicion of money laundering, which will be reported to the Financial Intelligence Unit of the Criminal Intelligence Service, in accordance with the law.

Membership Benefits

· You can save as little as £1 per week

· Your savings are safe- guaranteed by the Financial Services Compensation Scheme

· Savings can be deducted from payroll for companies/public bodies that are members of the Payroll Deduction Scheme

· No loan administration fees

· Interest rate does not exceed 3% per month (42.6%APR) and is charged on a reducing loan balance (not fixed from the original sum)

· Top-Up Loans are available