So what does Leeds Credit Union offer?

What exactly is a Credit Union?

A Credit Union is really a Financial Co-Operative which typically provides simple monetary services such as loans and cost cost savings. A Credit Union can be a shared organization which means there are not any investors therefore it is owned and run by its users. You will find Credit Unions all over the globe and Leeds Credit Union is amongst the credit unions that are largest in britain.

Who is able to join Leeds Credit Union?

Every Credit Union features a ‘common bond’ which is frequently a place that a certain Credit Union operates in. Leeds Credit Union is ready to accept anybody who lives or works in Leeds, Wakefield, Harrogate or Craven. We likewise have a true amount of partnerships with different businesses all over 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 is able to join Follow this link

By joining Leeds Credit Union, you then become a user, with usage of each of Leeds Credit Unions products. This consists cashland pawn shop of immediate access cost savings reports and usage of affordable credit, children’s cost cost savings accounts, 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 the employer that is current is board, click the link

How do you deposit into my Leeds Credit Union account?

Deposits may be manufactured in the ways that are following

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

To request a Direct Debit form, click the link (connect to contact page requesting DD type)

For Standing sales and something off bank transfers, make use of the details that are following

Type Code: 20-32-48

Account Quantity: 23677117

*You additionally needs to quote your account quantity as your guide- failure to quote this guide may lead to your funds being delayed and you’ll be expected to present proof of payment*

How can I withdraw from my Leeds Credit Union account?

You can make use of our online banking service to move and withdraw funds to an bank account that is external. Withdrawals are built by Faster Payment which means that your funds can look in your money within hours. We try not to process withdrawals on weekends or bank vacations.

You can make withdrawals at one of our branches if you live in Leeds or Wakefield.

Does it price any such thing to join Leeds Credit Union?

No, saving and joining is totally FREE. It really is your decision simply how much you determine to save your self and there aren’t any hidden costs.

To see a content of our conditions and terms, click the link

How can I join?

The fastest and way that is easiest to use is always to use through the web site. The proper execution is easy; we should just understand who you really are, your geographical area and exactly how you wish to save yourself.

Click on this link to complete your Membership Application ON LINE.

Instead you are able to request a paper form right right here

You can join at one of our branches if you live in Leeds or Wakefield. Click on this link to get a branch.

What documents can I want to offer to participate?

Nothing! within the very first example, we will perform a digital identification check however in some rare cases, we possibly may contact you for further identification. This can typically be via page or often, we may contact you by phone for rate of solution.

If perhaps you were created in a Non EU nation, we are going to usually ask to see a duplicate of one’s present passport detailed with evidence of entry approval. This will be completely normal and kinds a routine element of our identity process that is checking.

How can I make an application for a loan with Leeds Credit Union?

The quickest and simplest way to use would be to use through the web 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.

Just click here to complete your Membership Application ON THE WEB.

Instead you are able to request a paper form here

If you’re in Leeds or Wakefield, you’ll join at one of our branches. View here to get a branch.

What’s the APR for a Leeds Credit Union loan?

The interest rates on Leeds Credit Union loans start at 3.9per cent APR and go as much as 42.6per cent APR. All Credit Unions are capped at a level or 42.6% APR so that you shall not be charged a lot more than that.

Credit Union loans provide 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 offer loans for greater quantities at competitive prices.

The quantity of interest charged is based on just how much you borrow along with your individual circumstances. The simplest way to locate down simply how much you have to settle would be to e mail us for your own example or, make use of our loan slider device as helpful information.

We have requested that loan and I also never have heard such a thing yet.

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

For as long as you have got supplied us along with your present mobile quantity, we shall text you as soon as your application happens to be gotten. Whenever a determination happens to be made you will be delivered a text, e-mail or perhaps a page.

We do ask that users keep from calling us for updates since this might wait the procedure nevertheless, if you’re worried that the application will not be gotten, contact us or e-mail us plus one of this team can search for you. You’ll be able to ask at your branch that is local if get one. Call us

We have bad credit, may I still submit an application for that loan with Leeds Credit Union?

Having bad or no credit rating can provide problems for everybody who is looking to get that loan. Being a accountable loan provider, we’re going to carry down a credit and affordability check into all loan requests additionally the info on your credit report may be taken into consideration. Nonetheless, that doesn’t imply that we can’t assist. Our credit scoring system just isn’t the identical to other banking institutions or buildings communities therefore we may be much more very likely to accept the application.