East Renfrewshire Credit Union Overview
The East Renfrewshire Credit Union is one of the premier credit unions in the United Kingdom. The East Renfrewshire Credit Union is a non profit making association. The East Renfrewshire Credit Union tries to help its members by providing loans at the lowest possible interest rates.
East Renfrewshire Credit Union Loans
The East Renfrewshire Credit Union provides loans to its members. The East Renfrewshire Credit Union provides all the details of the loans, that are provided by them, to the borrowers. This reduces the possibilities of any hidden cost.
The upper level of the annual percentage rate of the loans, provided by the East Renfrewshire Credit Union, is 12.68%. The exceptional characteristic of the loans of the East Renfrewshire Credit Union, is that they are insured.
That means, that even if the borrower dies without paying the loan, the loan would be paid off. The East Renfrewshire Credit Union provides both secured and unsecured loans.
East Renfrewshire Credit Union Savings
The East Renfrewshire Credit Union provides convenient savings plans for its members. It provides dividends to those members, who have savings accounts. Following are the other benefits, provided by the East Renfrewshire Credit Union:
Straightforward access for account withdrawals
Credit union members can save at an affordable level be it 1 or 100. Even small weekly amounts soon add up
Confidentiality at all times is respected
Shares, depending on credit union reserves, are eligible for an annual dividend
Credit unions are mutual organizations members shares are pooled and provide the resources for lending to other members
Credit union members can save as often as they like, and, up to certain legal limits, as much as they like
No hidden charges or fees on any transactions
Life insurance on savings at no extra cost
East Renfrewshire Credit Union Family Protection Plan
The Family Protection Plan is one of the various insurance plans, offered by the East Renfrewshire Credit Union. This program offers the following benefits to the policy holders:
The plan can be used to help with any costs associated with the funeral and the holder is free to spend the money however he sees fit, for example the wake, travel expenses for relatives etc .
The Family Protection Plan pays the bills of a funeral so that the member does not have to
The plan pays a cash sum in the event of a death of any of the people on the plan
The plan allows the holder to protect himself and up to five members of his family under one policy
The plan allows the holder to add a replacement named member to the policy if an existing named member passes away
The plan can include the spouse or partner, any two parents (the holder’s, his partners or any combination) and his children up to the age of 26. (Disabled children however, can be covered for life if enrolled before they are 26.)
Last Updated on : 27th June 2013