Benefits Of Saving With LVCU:
More and more people are recognising the benefits of joining their local credit union so why not make the right choice today and find our how much we can do for you.
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Regular savings: you an choose the amount you save, whatever works best for you - weekly, fortnightly or monthly.
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Low cost loans: by saving with LVCU you can gain access to affordable loans with no administration or set-up fees and no early repayment charges.
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Yours savings are safe: LVCU is regulated by the Prudential Regulation Authority (PRA) and financial Conduct Authority (FCA) and is a member of the Financial Services Compensation Scheme (FSCS) so you can rest assured your money is protected.
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Supporting your local community: Saving with us helps us to invest in the community and allows us to pool member savings to help other people in the community. It remains your money but goes a long way to helping others.
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Annual Dividends: Savings are eligible for an annual dividend, depending upon profits made and reserves met.
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You can save up to a maximum of £15,000.
Flexible Ways To Save
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Deposit cash or cheques at one of our branches in Maesteg or Caerau.
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Cheque cashable to your bank account: Please allow 3 working days for cheque to be processed.
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You can withdraw at anytime. For large amounts please allow at least 3 days notice.
Will My Savings Be Secure ?
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In respect of deposits, an eligible depositer is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000).
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The £85,000 limit relates to the combined amount in all the eligible depositor’s account with the credit union, including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility) please ask at your local branch, refer to the FSCS website or call 0800 678 1100.
Helping Your Money Go Further
Saving money is made easy with the LVCU's saving accounts
SAVINGS
Monday - Friday
8:30 am to 5:30 pm
Saturday
9:00 am to 12:00 pm
Evenings by Appointment
Hours
Location
HOURS & LOCATION
- Adult savers: We offer flexible, easy savings accounts. Once you have become a member of the Credit Union, there are no monthly costs and you can make as many or as few deposits and withdrawals as you need.
- School Savers: By working directly with schools, LVCU are able to offer a pupil led school savings scheme. By combining financial education and family learning within the community we aim to help teach children from an early age the value of saving while learning valuable money management and life skills.
Whether you are saving for a holiday, Christmas, a grandchild or just for a rainy day, LVCU can help you plan for the future with a range of savings accounts tailored to suit your needs.
- Junior Savers: Our junior savings accounts are perfect for anyone that wants to save for their children or grandchildren, under the age of 16. The accounts pay an annual interest and can only be accessed by the person who has set up the account.
- Community Accounts: Our Community Accounts are suitable for any community group, business or charity looking to bank deposits or grant cheques with ethical, flexible and community- based organisation.
Find an application on the Join Us Page