It's Talk Money Week - Saving Benefits

Whilst there are MANY benefits for CREDIT UNION BORROWERS… WHAT exactly are the BENEFITS to members who SAVE only?

1. ETHICAL AND COMMUNITY DRIVEN:  We are a not-for-profit, ethical, financial services organisation, here for you. We wouldn't exist if it wasn't for our members, we are here to protect and serve the wider Police family's finances. We support the health and wellbeing of our wider police family through sponsorship, family events, charities and more.

2. FIRST CLASS SERVICE: Unlike the ever increasing trend to move 100% towards online banking, our office at Newforge is open 8am - 4.30pm Monday to Friday, members are welcome to visit with no appointment necessary. 

3. SAVE STRAIGHT FROM PAYROLL: As a serving member of the PSNI, saving could not be easier.  Your savings contribution will be deducted straight from your monthly payroll, just watch those savings grow without even thinking about it. Remember, you don't need to close your account if you leave service or retire. Stay with us to continue enjoying your membership benefits!

4. FAMILY and JUNIOR ACCOUNTS: Opportunity to invest in your family's financial health. Accounts available for children (0-15 years) and family members (spouse/partner and children age 16+).NEW ONLINE JOINING PROCESS AVAILABLE! 

5. FREE LIFE COVER: Your savings and loans are protected with life cover at no direct cost to you.  Up until 70 years of age, in the event of your death, your beneficiary could receive 1.5 times your savings balance (additional benefit capped at £5,000).  Example:  £10,000 savings balance - your loved one could receive £5,000 on TOP of your savings. Any outstanding loan balances would also be cleared.

6. HUMAN WAY TO GET A LOAN: You could be eligible to apply for a lower interest rate loan with us, based on 5 x your savings balance and this can be organised very quickly, should you need us to help urgently (over 95% of our loan applications are processed with funds transferred within the same day). You may have access to a number of lower interest rate loans (currently as low as 3.9% APR), with no hidden fees. You'll get to experience the "Human Way" to apply for a loan with our personal, one to one service.

7. INCREASED SHAREHOLDINGS LIMIT: Harp and Crown CU members can now save up to a maximum £35,000 (previously £30,000)!

8. FREE MEMBER PRIZE DRAWS: ALL existing members are automatically entered in our FREE prize draws which take place quarterly (Easter, Summer and Christmas). 

9. ANNUAL DIVIDEND: Unlike a bank, credit unions provide members annual dividends on savings according to profits.  For the financial year October 2023-September 2024 we paid 2.5% on savings. We also paid an loan interest rebate to borrowers. where applicable on 29th November 2024.

10. ONLINE BANKING:  We also offer online banking as a convenient way for members to check their balance, request withdrawal and apply for a lower cost loan.  Please note you can now access your Junior account online.