CHANGES HAPPENING FROM 1ST MAY 2015


SATURDAY CLOSURE

25th April 2015 will be the last Saturday the South Shields office will be open. Alternatives are listed below.
Methods of making deposits and withdrawals:
Deposit - Standing Order / Benefit Direct / Pay-point Card
Withdrawal - via Email or in either branch 9:30am - 3:00pm (Monday - Friday)

WITHDRAWAL OF PASSBOOKS

Changes with effect of the 1st May 2015 we will no longer be issuing pass books to new members and existing adult member passbooks will be phased out. However, young savers accounts will still be issued a pass book.

WE APOLOGISE FOR ANY INCONVENIENCE THIS MAY CAUSE.

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Bridges - your local credit union are proud to Introduce our new NUST savings account.

JOIN HERE 

 

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Bridges - your local credit union is part of a worldwide network of savings and loan co-operatives. There are nearly 600 Credit Unions in Britain alone, with over 1 Million members.


Credit unions are run by local people to serve the financial needs of the local community on a not-for-profit basis. We provide members with help in managing their financial affairs, we encourage saving and provide loans at reasonable interest rates.
 
Bridges is open to anyone who lives or works in Tyne & Wear and County Durham.

We are a membership organisation (just £2 to join and £5 to open a savings account) and as a co-operative, we are owned by the members for the benefit of the members.
A £5.00 Annual Fee is charged and this is taken on a quarterly basis of £1.25.

HOW DO I SAVE? Once your savings account is open you can continue to save as regularly as you want. Your money is completely safe as we are covered by the Financial Services Compensation Scheme. You can save any amount you want as often as you want. This can be done by standing order, payroll deduction (if applicable), benefit direct, pay point card or cash over the counter.

We have introduced a new Fixed Term Savings Account which offers 1% per annum for deposits between £2,000 - £15,000 for an initial 12 month period. Fixed Term Savings Accounts must not be allowed to fall below the £2,000 threshold if the account is qualified for the interest payment.

Young people can also save with our Young Savers Account. This is designed for young people up to the age of 16 years old. We encourage children and teenagers to get into the habit of saving money and work with them to promote good money management. Parents, grandparents and carers may open a Young Savers Account on behalf of a young person. Please let us know if you need further information.

We also offer Christmas Savings Accounts and Holiday Savings Accounts to accommodate the needs of our Members.

HOW DO I APPLY FOR A LOAN? Once you’re a member of Bridges we can help you with a loan for any purpose. New and existing members can apply online through our website, pick up a loan application form from one of our offices or book an appointment. We offer loans of up to £10,000 though the amount we can offer individuals will be dependent on income and affordability. You will be asked to provide all details of your income and expenditure when applying for a loan. This may take up to 7 working days to be assessed and a decision made. All loans are subject to a credit search.

Successful applications require members to set up a Restricted Savings Account that runs along side your loan. The amount payable is agreed with the loans officer and must stay in place until the loan is fully repaid and no future lending required as per our loan policy and agreements.

If all relevant and required documents are not supplied this will delay your loan application. All applications are kept on file for 14 days after this period they will be withdrawn if the correct documentation is not supplied.

Our Representative APR Rate ranges from 7.5% to 42.6%...

 

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Our Offices...

SOUTH TYNESIDE OFFICE – (0191) 454 7677
Weekdays: 9.30am – 3.00pm
 
CITY OF SUNDERLAND OFFICE - (0191) 514 7491
Weekdays: 9.30am – 3.00pm
 
 Please go to Collection Points for more information

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Assisted by a grant from the Northern Rock Foundation
Tel: (0191) 454 7677 / Fax: (0191) 456 5652 / e mail: info@bridgesycb.org.uk / www.bridgesyourcommunitybank.org.uk
Assisted by a grant from the Northern Rock Foundation
Registered Name: South Tyneside Credit Union Limited Registered Office: 287 Sunderland Road, South Shields, Tyne & Wear NE34 6RB
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority
Firm Number: 213469 Registered Number: 252 CC

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