DRUMCHAPEL COMMUNITY CREDIT UNION

On becoming a member of Drumchapel Credit Union you are agreeing to save at regular intervals i.e. weekly, fortnightly, four weekly or monthly and maintain a balance of at least £5. You can save as little or as much as you like, your savings are called Shares and each share is worth £1. All our member's savings are pooled together in the one big pot and from this we provide Low Cost Loans to members, who pay back into the pot to allow other members to borrow, and so on. Drumchapel Credit Union is a Not For Profit Organisation and this means that any money left, after all the running costs are met, are paid back to the members in the form of a dividend. A dividend would be expressed as a % of your Shares and would normally be declared by the Board of Directors on the advice of the independent accountant who must annually audit the accounts of the credit union... Drumchapel Credit Union is a not for profit financial co-operative owned and managed by its members. Anyone wanting to use..

Also known as: DRUMCHAPEL COMMUNITY CREDIT UNION LIMITED, Drumchapel Credit Union

Registration numbers: SP005CUS (CH)

Primary location: Glasgow United Kingdom