Just What does Leeds Credit Union offer?

What exactly is a Credit Union?

A Credit Union is a Financial Co-Operative which typically provides simple services that are financial as loans and cost cost savings. A Credit Union can also be a organisation that is mutual means there are not any shareholders it is therefore owned and run by its users. You can find Credit Unions all around the globe and Leeds Credit Union is amongst the credit unions that are largest in the united kingdom.

Who are able to join Leeds Credit Union?

Every Credit Union features a bond’ that is‘common is frequently a place that a particular Credit Union operates in. Leeds Credit Union is available to anybody who lives or works in Leeds, Wakefield, Harrogate or Craven. We likewise have a range partnerships with different organizations across the British which means that workers or housing residents of the associations have the ability to join too; no matter where they reside.

To see a summary of who can join view here

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

You can save straight from your wage with all administration dealt with between your employer and Leeds Credit Union, leaving you hassle free, safe in the knowledge your savings are building up if you join via your employers Payroll Deduction Scheme.

To test if for example the present boss is on board, just click here

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

Deposits could be built in the ways that are following

• Direct Debit
• Standing Purchase
• Payroll Deduction
• One off bank transfers
• Cash or Cheque in a branch

To request a Direct Debit form, view here (connect to contact page requesting DD type)

For Standing instructions plus one off bank transfers, utilize the following details:

Type Code: 20-32-48

Account Quantity: 23677117

*You additionally needs to quote your Membership quantity as the guide- failure to quote this guide may bring about your funds being delayed and you’ll be expected to offer 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 bank account that is external. Withdrawals were created by Faster Payment this means your funds will show up in your money within hours. We don’t process withdrawals on weekends or bank holiday breaks.

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

Does it price such a thing to participate Leeds Credit Union?

No, saving and joining is totally FREE. Its your decision just how much you determine to save yourself and there aren’t any concealed costs.

To look at a content of y our conditions and terms, click

Just how do I join?

The fastest and way that is easiest to utilize would be to use through the site. The proper execution is easy; we simply need to understand who you really are, your geographical area and exactly how you wish to save yourself.

Follow this link to complete your Membership Application ON THE WEB.

Instead you can easily request a paper form right here

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

Just exactly just What papers am I going to have to offer to participate?

Nothing! Into the instance that is first we are going to execute a digital identification check however in some infrequent cases, we might contact you for further recognition. This may generally be via page or often, we may contact you by telephone for rate of solution.

If perhaps you were created in a Non EU nation, we shall generally ask to see a duplicate of the present passport that includes evidence of entry approval. This might be completely normal and kinds a routine section of our identification process that is checking.

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

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

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Click the link to complete your Membership Application ON THE WEB.

Instead you are able to request a paper application right here

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

What is the APR on a Leeds Credit Union loan?

The interest levels on Leeds Credit Union loans begin at 3.9% 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 will not be charged significantly more than that.

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

The total amount of interest charged is based on exactly how much you borrow as well as your circumstances that are personal. The way that is best to get down exactly how much you have to settle is always to e mail us for an individual example or, utilize our loan slider device as helpful tips.

We have sent applications for a loan and I also never have heard such a thing yet.

Our loans group will evaluate loan requests on a ‘first come, first served basis that is. We try to offer a choice within 2 to 3 times nevertheless, in top times, it may take more time.

For as 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 sent a text, email or even a page.

We do ask that people keep from calling us for updates as this may postpone 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’ll be able to ask at your regional branch in the event that you get one. Contact us

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

Having bad or no credit rating can provide problems for everybody who is looking to get that loan. As being a accountable loan provider, we are going to carry down a credit and affordability check into all loan requests and also the informative data on your credit report is going to be taken into consideration. Nonetheless, that doesn’t imply that we can’t assist. Our credit scoring system just isn’t the just like other banking institutions or structures societies therefore we might become more prone to accept the application.