Savings

Save for

Driving Lessons

Members’ savings are pooled together to provide loans and members are encouraged to save regularly.

 

The more savings we have, the more we can lend. Interest from loans is the Credit Union’s main source of income to run the Credit Union.

 

After contributing to reserves, any surplus is returned to the members as a dividend on savings.

Members can pay into their account through any of our collection points, or through Standing Order.

Members who are employees of West Lothian Council can also pay into their account via Payroll Deduction.

If you think Payroll Deduction would be a benefit to you and your fellow workers speak to a member of staff.

Like banks and building societies, members’  savings are protected by the Financial Service Compensation Scheme which currently guarantees up to  £85,000 being returned to members within 7 days should a credit union close