Good features of Credit Unions.
• It’s much easier to open a Credit Union
account than a bank or building society account
• You can save as much or as little as you
like and as often as you like
• It’s easy to save at local collection
points or direct from your wages
• You’ll get free life assurance
• Doncaster’s Danum Credit Union offers a
2% dividend (£2 for every £100 you save)
• Danum Credit Union offers a 5% discount
for savers who withdraw their money as vouchers. For example, if
you saved £100 , you receive vouchers worth £100, but keep £5 in
your savings as a bonus
• Credit Unions offer low cost loans to
their members
• If the Credit Union goes bust you will
be able to get most or all of your money back.
In addition, Danum Credit Union has branches in
Stainforth, Doncaster,
Thorne and Conisbrough. There are
also many collection points throughout Doncaster
includiing at Armthorpe,
Askern, Balby,
Bentley, Campsall,
Cantley, Carcroft,
Denaby Main,
Doncaster, Dunscroft,
Edlington, Highfields,
Hyde Park,
Intake, Mexborough,
Moorends and Woodlands.
DCU hope to open more Collection Points throughout the year.
What else does Danum Credit Union offer?
Savings accounts –
these do not pay interest, but may pay a dividend. For this reason,
they can be used by Muslims as this does not breach Sharia
law.
• Christmas Club –
visit our 'How to pay for Christmas' page to find out more about
the benefits of saving with Danum Credit Union for Christmas.
• Affordable loans –
the interest rate is 12.68% APR, and members must save for ten
weeks before applying for a loan.
• Instant loans - instant
loans are available for those on the lowest income at an interest
rate of 26.8% APR. Please contact Danum Credit Union to find out if
you would qualify.
To see how Danum Credit Union loans compare to doorstep lenders
and other high interest borrowing, visit our 'Repayment Comparisons' page. You can also find
out more about borrowing money from high interest lenders on our
'doorstep lenders' page.
Members can also benefit from the following:
• Debt advice
• Budgeting advice
• Help with choosing credit
• Free life insurance on savings
• Support and encouragement to save
• Regular lottery
How do I join?
You will need to fill in an application form and provide proof
of your identity and where you live.
You can download an application form
and more information from the Danum Credit Union website.
How can I find out more and contact Danum Credit
Union?
You can visit Danum Credit Union's website or phone, email or
write to them:
Website: http://www.danumcu.co.uk/
Phone: 01302 841155
Email: administrator@Danumcu.co.uk
Postal address:
Danum Credit Union
8 Station Road
Stainforth
Doncaster
DN7 5QA.