So what does Leeds Credit Union offer?

So what does Leeds Credit Union offer?

What exactly is a Credit Union?

A Credit Union is just a Financial Co-Operative which typically provides simple economic solutions such as loans and cost cost savings. A Credit Union can be a organisation that is mutual means there aren’t any investors so it’s owned and run by its users. You can find Credit Unions all over the globe and Leeds Credit Union is among the credit unions that are largest in britain.

Who are able to join Leeds Credit Union?

Every Credit Union includes a bond’ that is‘common is frequently a place that a certain Credit Union operates in. Leeds Credit Union is available to anybody who lives or works in Leeds, Wakefield, Harrogate or Craven. We have a true quantity of partnerships with different businesses across the British which means that workers or housing residents of the associations have the ability to join too; wherever they reside.

To see a summary of who are able to join click

By joining Leeds Credit Union, you then become a known user, with use of every one of Leeds Credit Unions products. This can include access that is instant reports and usage of affordable credit, children’s savings records, bill having to pay / budgeting reports, and much more.

In the event that you join via your employers Payroll Deduction Scheme, it is possible to save yourself right from your wage with all management managed in the middle of your employer and Leeds Credit Union, leaving you no fuss, safe into the knowledge your cost savings are gathering.

To check on in the event your employer that is current is board, view here

Just how do I deposit into my Leeds Credit Union account?

Deposits may be manufactured in the after ways:

  • Direct Debit
  • Standing Order
  • Payroll Deduction
  • One off bank transfers
  • Money or Cheque in a branch

To request a Direct Debit form, follow this link (connect to contact page DD that is requesting form

For Standing purchases plus one off bank transfers, make use of the following details:

Type Code: 20-32-48

Account Quantity: 23677117

*You also needs to quote your account quantity as the guide- failure to quote this guide may lead to your funds being delayed and you’ll be expected to supply proof of payment*

How do you withdraw from my Leeds Credit Union account?

You can make use of our online banking solution to move and withdraw funds to an outside banking account. Withdrawals were created by Faster Payment meaning your funds will be in your money within hours. We try not to process withdrawals on weekends or bank vacations.

If you reside in Leeds or Wakefield, you may make withdrawals at certainly one of our branches.

Does it price almost anything to become listed on Leeds Credit Union?

No, joining and saving is totally FREE. It really is your decision exactly how much you determine to save your self and there are not any charges that are hidden.

To see a copy of our stipulations, just click here

How can I join?

The fastest and way that is easiest to utilize would be to use via the internet site. The proper execution is easy; we should just understand who you really are, in your geographical area and how you intend to save your self.

Just click here to complete your Membership Application ON THE WEB.

Alternatively it is possible to request a paper application right right here

If you reside in Leeds or Wakefield, it is possible to join at certainly one of our branches. View here to get a branch.

Exactly just just What documents can I have to offer to participate?

Nothing! into the instance that is first we are going to execute an electric identification check however in some infrequent cases, we might contact you for further recognition. This can generally be via letter or often, we might contact you by phone for rate of solution.

We will normally ask to see a copy of your current passport complete with proof of entry clearance if you were born in a Non EU country. This might be perfectly normal and kinds a routine section of our identity process that is checking.

How do you make an application for a loan with Leeds Credit Union?

The fastest and way that is easiest to utilize would be to use via the web site. The proper execution is easy; we should just understand who you really are, exactly what your circumstances are and exactly how much you want to borrow.

View here to complete your Membership Application ON LINE.

Instead you are able to request a paper form right here

If you’re in Leeds or Wakefield, you can easily join at certainly one of our branches. Follow this link to get a branch.

What’s the APR on a Leeds Credit Union loan?

The interest rates on Leeds Credit Union loans begin at 3.9per cent APR and get as much as 42.6per cent APR. All Credit Unions are capped for a price or 42.6% APR so that you shall never ever be charged a lot more than that.

Credit Union loans provide a less costly option to doorstep and payday loan providers who are able to charge anything as much as 1500per cent APR but we also provide loans for greater quantities at competitive prices.

The quantity of interest charged is based on just how much you borrow along with your circumstances that are personal. The way that is best to get down exactly how much you may have to settle would be to call us for an individual example or, make use of our loan slider device as helpful tips.

I’ve sent applications for that loan and I also never have heard any such thing yet.

Our loans group will evaluate applications on a ‘first come, first served’ foundation. We try to offer a determination within 2 to 3 times but, in top times, it may take longer.

For as long as you have got supplied us together with your present mobile quantity, we are going to text you as soon as your application happens to be gotten. Whenever a choice is made you shall be delivered a text, email or even a page.

We do ask that users keep from calling us for updates as this can wait the method but, us or email us and one of the team can check for you if you are concerned that your application has not been received, call. You may want to ask at your regional branch in the event that you have one. E mail us

I’ve bad credit, may I nevertheless make an application for a loan with Leeds Credit Union?

Having bad or no credit score can provide difficulties if you are hoping to get that loan. As being a accountable loan provider, we’re going to carry down a credit and affordability check into all loan requests as well as the info on your credit history should be considered. Nonetheless, that will not signify we can not assist. Our credit scoring system isn’t the identical to other banking institutions or structures communities therefore we may become more prone to accept the application.

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