Corporate Saver
Many businesses, charities and voluntary groups choose to hold some of their reserves on deposit with the credit union
Many businesses, charities and voluntary groups choose to hold some of their reserves on deposit with the credit union
Use your reserves to help the community TODAY!
Many businesses, charities and voluntary groups choose to hold some of their reserves on deposit with the credit union
NB: this is more akin to a deposit account and is not suitable as a transactional account. Sole traders are not eligible to join as Corporate Members.
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To open a Corporate Saver Account
For an application pack please contact us at info@credit-union.coop
For further information call us on
0207 561 1786
Opening a Corporate Membership? – Eligibility Criteria
- At least 2 authorised signatories affiliated with the organisation opening the account and corresponding with the Credit Union.
- All signatories must be individual members of London Capital Credit Union and can join on our website.
- Proofs of identity (ID) of the organisation’s signatories.
- Proofs of address of the organisation’s signatories.
- A copy of constitution, articles of association, company or charity registration for the organisation.
- Application for corporate BACS Facility form (completed in person by both signatories at the Credit Union offices).
NB Sole traders are not eligible to join as Corporate Members.
Making deposits into your Credit Union account.
We are not able to have DWP or HMRC payments made to your credit union account, other than child benefit.
Standing Order & Bank Transfer
These payment methods are suitable for one-off deposits and/or recurring payments into savings from your bank account.
The easiest way to set up a Standing Order is to use online banking or to contact your bank.
You must use your membership number (or NI Number) as the reference for every payment.
Our Bank Name: The Co-operative Bank
Our Sort Code: 08-92-50
Our Account Name: London Capital Credit Union
NB Some banks may say account does not match the name because our full name, London Capital Credit Union Ltd., is too long. You can ignore the error message and use these details.
Our Account Number: 67003299
Your Reference: Your credit union membership number or your NI number in order that we can credit the payment to the correct account.
Salary Savings Schemes
Many people can make regular savings deposits or loan repayments directly from salary. CLICK HERE to access the Online Salary Savings Schemes Form.
Cash
We only accept cash for initial deposits. If you make your first deposit by cash the maximum we can accept is £50.
Cheques
Cheques should be made payable to 'London Capital Credit Union' or payable to yourself. We can also accept cheques payable to yourself. You should note that it will take at least 12 working days before you are able to draw on funds paid in by cheque.
Save with your Child Benefit
Once you have your credit union membership number you can save by having your Child Benefit paid directly to your savings account. complete the form below. You will need your membership number and your child benefit reference number to complete the form.
