Saving money is a good idea. By putting a little aside on a regular basis you not only have something to look forward to, you also have something to fall back on, should the need arise. Saving money with LTD Credit Union is an even better idea. You’re not "just another customer", but an active member of a highly successful financial co-operative , which provides security and protection for your savings, along with an excellent dividend (please note that the dividend is paid gross and any tax responsibility lies with the member).  Saving with LTD Credit Union is easy - heres how to do it.

  • Standing Order
  • Bank Giro Credit
  • Deduction from Computer Cab Credits
  • Personal visits to Credit Union Office
  • By Post  (cheques) 


How your LTD Credit Union savings account works

Once you start saving regularly your funds build up quickly. Each share (one share is equal to £1) is eligible for a dividend at the end of the financial year (1 October to 30 September). Dividends are decided at the AGM and paid to members in March.   Members are reminded that the dividend is paid gross and tax responsibility lies with the member.  By saving regularly you not only help yourself, you also help your fellow members as all savings provide the base to lend to other LTD Credit Union members.The very maximum any member can have in their account is £15,000.  reached through the options given above.

Please note - Members MUST save should they wish to borrow.


Benefits of LTD Credit Union Savings

  • Dividend paid on savings
  • Members’ savings are protected by free life savings insurance. 
  • Easy access to your savings if you wish to make a withdrawal (if not pledged against loan).
  • No hidden charges or fees on any transactions.
  • Quick deposit available in office for cheques and cash. (Please note we do not accept card payments)
  • LTD Credit Union is covered by the Finacial Services Compensation Scheme (FSCS) ensuring that members savings are protected.
  • FSCS is there to protect your money. It is the body which gives you automatic protection up to £85,000. 

It’s Your Credit Union

LTD Credit Union is owned and controlled by its members, and every member has a vote irrespective of the size of their savings. The Credit Union exists only to benefit its members and all moneys received by LTD Credit Union are used for mutual benefit.  


Members can withdraw their Credit Union savings provided they are not pledged as security for a loan. However, as far as possible, members are encouraged to keep their savings intact, thus ensuring:

  • your savings continue to earn a dividend
  • you continue to benefit from Life Savings Insurance Protection at no cost to the member (terms and conditions apply including 6 months pre-existing condition limitation);
  • your borrowing power is maintained. 

Remember to take advantage of all these benefits, you’ve got to be a member!  Join Now!

LTD Credit Union is authorised and regulated by the FCA, Firm Reference Number 213233 © LTD Credit Union 2024