Exactly what does Leeds Credit Union offer?

What exactly is a Credit Union?

A Credit Union is really a Financial Co-Operative which typically provides simple services that are financial as loans and savings. A Credit Union can also be a shared organization which means there aren’t any investors it is therefore owned and run by its users. You will find Credit Unions all over the globe and Leeds Credit Union is among the biggest Credit Unions in the united kingdom.

Who are able to join Leeds Credit Union?

Every Credit Union features a ‘common bond’ which 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 also provide a true quantity of partnerships with different organizations across the British which means that workers or online payday loans Colorado housing residents of the associations have the ability to join too; no matter where they reside.

To see a summary of who is able to join just click here

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

In the event that you join via your employers Payroll Deduction Scheme, it is possible to conserve directly from your own wage with all management handled betwixt your boss and Leeds Credit Union, leaving you straight forward, safe when you look at the knowledge your cost savings are gathering.

To test in the event the employer that is current is board, just click here

How do you deposit into my Leeds Credit Union account?

Deposits may be built in the ways that are following

  • Direct Debit
  • Standing Purchase
  • 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 requesting DD type)

For Standing instructions and something off bank transfers, utilize the following details:

Type Code: 20-32-48

Account Number: 23677117

*You also needs to quote your Membership number as the guide- failure to quote this guide may cause your funds being delayed and you’ll be expected to present proof of payment*

How can I withdraw from my Leeds Credit Union account?

You should use our online banking service to move and withdraw funds to an outside bank-account. Withdrawals are built by Faster Payment meaning your funds can look in your money within hours. We usually do not process withdrawals on weekends or bank breaks.

If you reside in Leeds or Wakefield, you are able to withdrawals at one of our branches.

Does it price almost anything to join Leeds Credit Union?

No, joining and saving is totally FREE. It’s your decision simply how much you determine to save your self and there aren’t any charges that are hidden.

To see a content of our conditions and terms, just click here

Just how do I join?

The fastest and simplest way to utilize would be to use through the site. The proper execution is easy; we should just understand who you really are, your location and exactly how you wish to conserve.

Just click here to complete your Membership Application ON LINE.

Instead you are able to request a paper application here

You can join at one of our branches if you live in Leeds or Wakefield. Click to get a branch.

Exactly just What papers am I going to need certainly to offer to participate?

Nothing! When you look at the very first example, we are going to execute an electric identification check however in some infrequent cases, we might contact you for further recognition. This may usually be via page 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 will be completely normal and types a routine section of our identification checking procedure.

How can I make an application for that loan with Leeds Credit Union?

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

Just click here to complete your Membership Application ONLINE.

Instead you can easily request a paper application form right here

You can join at one of our branches if you live in Leeds or Wakefield. View here to get a branch.

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

The interest levels on Leeds Credit Union loans begin at 3.9per cent APR and get up to 42.6per cent APR. All Credit Unions are capped for a price or 42.6% APR which means you shall not be charged significantly more than that.

Credit Union loans present 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 rates.

The actual quantity of interest charged is based on simply 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 e mail us for your own example or, make use of our loan slider device as helpful information.

I’ve requested that loan and I also never have heard such a thing yet.

Our loans team will evaluate loan requests on a ‘first come, first served’ foundation. We try to offer a choice within two to three times but, in peak times, it may just take much longer.

So long with your current mobile number, we will text you once your application has been received as you have provided us. Whenever a choice happens to be made you shall be delivered a text, e-mail or even a page.

We do ask that people keep from calling us for updates as this could easily wait the method nevertheless, 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. It is possible to ask at your branch that is local if get one. E mail us

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

Having bad or no credit score can provide problems for everybody who is looking to get that loan. Being a accountable loan provider, we’re going to carry down a credit and affordability check into all loan requests therefore the info on your credit report should be taken into consideration. Nonetheless, that doesn’t imply that we can not assist. Our credit scoring system isn’t the just like other banking institutions or buildings communities therefore we may be much more prone to accept the application.