Community Savings and Loan Service
01827 65062

Save With Us

Savings

Saving money is really important – whether it is just for a rainy day or for something a little bit more special. And everyone benefits from having savings – no matter how much or how little money you have. Having some savings 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 Tamworth Credit Union we make it as easy as possible. Whether it’s in cash at our main office or satellite collection points, with a standing order, direct from your wages or your benefits or by BACS directly from your bank – at Tamworth Credit Union there are many convenient ways to save.

We also offer easy payroll deduction. By transferring regularly from your wages straight to your credit union account you can watch your savings grow. Credit Union members can save at an affordable level – be it £1 or £100. Small regular amounts soon add up and remember, at Tamworth Credit Union, you are not just a customer of a credit union - you are a co-owning member.

Benefits of saving with Tamworth Credit Union include:

  • Confidentiality, security and protection
  • Save as much as you can afford
  • No hidden charges or fees
  • Receive free life insurance on your savings
  • Savings are pooled to provide the resources for lending to other members
  • Depending on reserves, members are eligible for an annual dividend (this was 1.5% in 2009).

Savings Examples

Just look at 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 £360 £480 £600
Year 2 £240 £360 £720 £960 £1,200
Year 3 £360 £540 £1,080 £1,400 £1,800
Year 4 £480 £720 £1,440 £1,920 £2,400
Year 5 £600 £900 £1,800 £2,400 £3,000

Registered Office

5 Colehill,
Tamworth,
Staffordshire,
B79 7HA

Tel: 01827 65062
Email: town@tcul.org.uk

Opening Times:
Monday 10:00 - 14:00
Tuesday 10:00 - 15:00
Wednesday 10:00 - 14:00
Thursday 10:00 - 14:00
Friday 10:00 - 14:00

Become a Member

Please click on the link below to download the application form

PDF Application Form (100KB)

To find out more about the benefits of membership please click here.

Latest News

  • Tamworth Credit Union launches brand new website. More new features coming soon. more »
  • Become a member of the Credit Union, and you can borrow at 12.8% APR. more »
  • A dividend of 1.5% is to be paid on all saving accounts, as announced at our April AGM.
  • Tamworth Credit Union Annual General Meeting took place on Tuesday 20th April. more »
  • Tamworth Credit Union plans to open another branch in Tamworth later on this year. more »
  • Looking for an ideal way to save for Christmas? Try our Christmas Savings Club. more »

© 2010 Tamworth Credit Union - A member of ABCUL - Association of British Credit Unions Ltd.

Tamworth Credit Union Limited is Registered and Regulated by the Financial Services Authority (F.S.A)
Registration Number 707C Firm Reference Number 229889

FSA