Unlike with a bank, when you open an account with us, you join as a member - and members receive plenty of benefits!
What dividend can I expect?
A 'dividend' is a share of the profit that we make, which is paid to our members each year. Over the last five years members have received a dividend of between 1% and 2.75% on their savings.
To qualify for the dividend you must hold at least £1 in shares with Unify at the time of the Annual General Meeting, which is usually held in February and is open for all members to attend. This meeting gives us the opportunity to report back to our members on our performance in the last 12 months, and to decide what amount of dividend to pay to our members.
How do I access my dividend?
Any dividends are paid on all money held with Unify during the previous financial year. The Credit Union financial year runs from 1st October to 30th September.
If you withdraw all your money from your Unify account, prior to the Annual General Meeting, you would no longer qualify for the dividend payment as dividends can only be paid to members.
PLEASE NOTE Unify Credit Union does not pay income tax on your savings. It is your responsibility to inform HMRC about any dividend you receive from Unify Credit Union.
Free Life Insurance
Life savings insurance is provided by us, at no cost to the member. When a member dies, insurance will be paid to a nominated beneficiary.
Take control of your saving and borrowing with easy access to online balance statements, transfers and loan requests. You can join online today.
Great Loan Deals
If you think your only options when borrowing money are high cost loans, Pay Day lenders or retailers such as BrightHouse, you may be surprised to find out how much you could save by speaking to us about affordable and ethical loans.
As a member organisation we encourage members to save regularly with Unify. Under the rules of membership of Unify Credit Union we may charge a dormant account fee of £5.00 where accounts have had no member initiated activity within the last 12 months.
The Credit Union does not wish to penalise those who play an active part in the life of the Credit Union, but wants the right to take action where the cost of operating an account exceeds a member’s share balance and where there is no activity.
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If you want to save for a rainy day or a holiday, a Unify account is quick and easy.
If you need a loan with Unify Credit Union, click here to find out more.
Find out more about how to easily pay into your account with us