Member Benefits

 Unlike with a bank, when you open an account with us, you join as a member - and members receive plenty of benefits! 

Dividends

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 between 0.5% -1%  on their savings each year.

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, before 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 Savings 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. 

Online services

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, PayDay 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. Plus, the longer you're a member and the more you save with us, the more loan options you'll be able to access.

Dormant Accounts

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.

Find out more by contacting us: info@unifycu.org