Credit Union Info

Saving

Savings in a Credit Union are known as "shares". Saving money is not easy. The credit union helps you by encouraging the habit of saving.

If you develop the habit of putting some money by in the credit union on a regular basis, saving will be less difficult. Many members have experienced the satisfaction and sense of well-being at having sufficient credit union savings built up when the need arises such as an unexpected bill or if they decide to take a holiday or refurbish their homes.

A CREDIT UNION SAVINGS PLAN

Regular Credit Union saving can help you build up a substantial savings account:
Regular small savings accumulate to large amounts in a surprisingly short period of time.

If you save

each week	in 1 year	in 3 years	in 5 years
£5	£260	£780	£1,300
£10	£520	£1,560	£2,600
£20	£1,040	£3,120	£5,200
£50	£2,600	£7,800	£13,000

This table does not include dividends you would receive.
Adding dividends could increase the totals substantially.