Pollok Credit Union encourages its’ members to save - you never know when you might need some extra cash! With PCU saving is easy; you can choose to pay in by direct debit, standing order, PayPoint card, or you can visit one of our branches.
With PCU, you are a co – owning member of a financial organisation which will provide you with security, protection and an excellent return on your savings.
Pollok Credit Union provides the following savings options to members:
Benefits of Saving with PCU
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Annual dividend paid on savings
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Free life insurance on savings (terms and conditions apply)
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No hidden fees or charges
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Quick and easy payment methods
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On line access to your account 24/7
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Regular saving incentives
Shares Account
You open a shares account automatically when you become a members of a credit union. It is the money in your shares account that will largely determine how much you can borrow (see 'loans' section of our website for more information on borrowing).
If the credit union makes a profit at the end of the financial year, a dividend may be paid on your shares account. In past years, this has been 2% each year! You may withdraw your shares at any time provided you do not have a loan balance which is higher than your shares balance.
Savings Account
Members may also open a savings account. This account attracts an interest rate of 4% per annum, which is credited monthly to the account.
Withdrawals can be made at any time, and members have the option to take out secured loans on their savings.
Christmas Savings Club
Always running out of money to buy your Christmas presents? We’ve got a safe and reliable way you can save for the festive period and prevent those New Year credit card bills!
As a member of PCU, you can open a Christmas Savings account. By paying a little into this account each time you pay into the credit union, you will be able to relax in the lead up to Christmas knowing that you have money put by and you won’t have to run up huge credit card bills or take out a high interest loan.
Joint Accounts
Any two members of the credit union can hold a joint account. Each account holder is equally responsible for the joint account and has equal rights to withdraw, deposit, conduct transactions and receive statements on the joint account.
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Junior Saving Account - for under 16s
Pollok Credit Union encourage young savers; our junior account pays 4% annual interest so our savers can make more of their money!
Our junior accounts are available to those under the age of 16. An account can be opened with the child's birth certificate or passport.
An adult will be identified as being responsible for the account and children under the age of 14 will require this person to be present when withdrawing money from the account. At the age of 16, anyone with a junior savers account will automatically become an adult member with us.
School Bank Savings Club
We run school banks in local schools in the area - Langside, Shawlands, Darnley and St Angela's. We run the school bank on a weekly basis with help from pupil volunteers from P6 and P7 and a volunteer from the local community we. Saving is easy and convenient for the pupils. To date we have over 400 new members and recruited and trained over 100 pupil volunteers. The project has encouraged young people to save from a very early age.
If you are interested in this project and opening up a school bank in your child's school please get in touch with us.
Withdrawals
Withdrawals can be made at any of our branches. Photographic ID will be required when a withdrawal is made.
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