WELCOME TO BASILDON CREDIT UNION LTD

We’re glad you are considering becoming a Member of the Basildon Credit Union Limited. Our Members are valued customers.

To join Basildon Credit Union Limited you need to live and/or work within the County of Essex.

To join us you will need to show proof of your identity, such as a passport or driving licence, and proof of your current address, i.e. a utility or Council Tax bill (no more than 3 months old).

To activate your account we require an initial deposit of £10, which covers £5 one-off joining fee and £5 to keep your account active – this £5 will remain in your account until it is closed.

A partner or relative from your household may also operate an account, however this will need to be in their own name and they will need to make their own deposits, as we are unable to operate joint accounts. We also operate Junior Saver accounts.

Basildon Credit Union Limited do not charge an annual administration fee, however we would require a minimum deposit of £5 per month over 12 months. For Basildon Borough Council employees this is taken from payroll. For everyone else this can be arranged through your bank. Should you not make these minimum deposits then a £10 fee may be applied and we may close your account.

All membership and loan applications are subject to approval by the Basildon Credit Union Limited Board of Directors.

Membership Benefits

  • We are a small and friendly credit union and very approachable
  • We provide an easy way to save, from as little as £5 per month
  • You can change the amount you save and withdraw money easily too by contacting us
  • Your savings are safe – Credit Unions are regulated by the Financial Conduct Authority and the Prudential Regulation Authority, just like banks and building societies. Our Members’ savings are protected by the Financial Services Compensation Scheme (FSCS)
  • Depending on reserves, shares (savings) are eligible for an annual dividend
  • As we are a ‘not for profit’ financial organisation, our surplus profit is returned to members via the annual dividend, which is agreed at the Annual General Meeting of our members – NB: A dividend is not always agreed every year
  • We are an ethical lender, lending you only what you can afford to repay
  • We provide affordable loans for members at competitive rates of interest
  • Members aged between 18 and 70 are covered by free life insurance against any borrowing
  • The credit union is owned by our members and run for the benefit of our members

See our Loans – Click Here

See our Savings Accounts – Click Here

Apply to join – Click Here

Basildon Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.