Islay & Jura Credit Union

Not for profit, not for charity, but for service.

Saving with Your Credit Union

Your savings are your shares in the Credit Union, and are the basis on which your eligibility for loans is calculated.

Saving is easy, and you can deposit as much or as little as you like each time.  You can pay in cash or cheques at either of our two Collection Points.  Alternatively, you can set up a Standing Order with your bank to pay in on a regular basis.  Forms are available at the Collection Points, or can be downloaded here.  You can even make Collection Point payments in addition to a Standing Order, if you wish.

Your Credit Union savings are automatically covered by life insurance, at no cost to you, and can provide a useful nest egg for your family.  A dividend may also be paid, if the Credit Union makes sufficient profit.

Your money is safe.

We are covered by the Financial Services Compensation Scheme (FSCS).  The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors are covered by the scheme, up to a limit of £85,000.