Adventist Credit Union Savings
At The Adventist Credit Union, we offer two types of savings accounts; one for adults and one for children. To gain access to either of our savings accounts, you must become a member of the credit union. For more information on how to join The Adventist Credit Union, please see the Membership section.
At The Adventist Credit Union, we offer a real alternative to banks and building societies. Unlike a regular savings account in which you receive interest, our aim is to reward our savers by payment of a yearly dividend. This allows you to share in the profits of the credit union.
We appreciate saving money can be difficult and so we offer easy ways to save with us. For example, you could pay into your savings account via standing order, or make cash payments at our collection point. You can also make payments over the counter at your bank, or pay on-line BACS payments through your bank.
Saving regularly is a great habit to learn while young, and so we offer our fantastic junior savings accounts.
If you would like to become an ACU member, please follow the appropriate link below:
To join the credit union, junior members must complete the relevant Young Saver’s form. Young Saver’s application forms are available from the collection point or online here.
What happens to my money?
Your savings will always belong to you. When you join the credit union, you are given an account number and a pass book. Your pass book will be updated by ACU Cashiers at our credit union Collection Points. Or you can register on the ACU website to view your account, or request a Statement of your account from the ACU office (Tel: 07930 854730).
You will always be able to keep track of your savings.
The collective amount of money saved by members is ‘pooled’ together in a fund from which members can be granted low cost loans. However you will always be able to access your savings.
How safe is my money?
Here at The Adventist Credit Union, the safety of your money is very important to us. This is why we are a member of the Financial Services Compensation Scheme (FSCS). This means that your savings are guaranteed up to a value of £85,000 if anything were to happen to the credit union. If you would like to read more about the Financial Services Compensation Scheme, please see here.