Wolverhampton City Credit Union, trading as Wolf Savings & Loans
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07 September 2010
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Think ahead and Save With Us

"The Credit Union offer a range of services to our members"

Everyone benefits from regular saving, it allows us to work towards our financial goals and gives us peace of mind should an emergency arise. Committing yourself to a regular saving pattern can be difficult but at the Credit Union its easy with payroll deduction. Credit Union members can save at an affordable level be it £1 or £100. Small regular amounts soon add up and remember at the Credit Union you are not just another customer, but a co-owning member of an organisation which provides security and protection.

The tables below give examples of how regular savings can soon add up!

Weekly Savings Table
Amount Saved: £2 £5 £10 £20 £25
Year 1 £ 104 £ 260 £ 520 £1,040 £1,300
Year 2 £ 208 £ 520 £1,040 £2,080 £2,600
Year 3 £ 312 £ 780 £1,560 £3,120 £3,900
Year 4 £ 416 £1,040 £2,080 £1,460 £5,200
Year 5 £ 520 £1,300 £2,600 £5,200 £6,500
 
Monthly Savings Table
Amount Saved: £10 £15 £30 £40 £50
Year 1 £ 120 £ 180 £ 260 £ 480 £ 600
Year 2 £ 240 £ 360 £ 720 £ 960 £ 1200
Year 3 £ 360 £ 540 £ 1080 £ 1400 £ 1800
Year 4 £ 480 £ 720 £ 1440 £ 1920 £ 2400
Year 5 £ 600 £ 900 £ 1800 £ 2400 £ 3000

Benefits of Saving with the Credit Union

  • Save as little or as much as you can afford;
  • You will automatically receive free life insurance on your savings;
  • Confidentiality is respected at all times;
  • No hidden charges or fees on any transactions
  • Credit Unions are mutual organisations-members savings are pooled to provide the resources for lending to other members; and
  • Depending on reserves, shares are eligible for an annual dividend.

If you wish to make a withdrawal please note that the maximum cash withdrawal is £100 per day. For amounts up to £1000 we can give you a cheque which can be cashed at the Co-operative Bank and for amounts over £1000 we will arrange a transfer direct to your bank account.

Please note that we require signature ID (passport, drivers licence, bank or credit card) for all counter withdrawals.

Updated: 10 June 2010