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|Members are asked to save regularly, and to cultivate a habit of saving. This pool of savings from members then becomes available for all members to draw on should they need money, subject to certain conditions.
You can start saving from as little as £5.00 on a regular weekly/bi-weekly or monthly basis, and savings can be deposited through your bank, or by sending in a cheque, or more conveniently by Standing Order. It is as simple as that!
Savings can be withdrawn at anytime subject to The Pentecostal Credit Unionís Rules. Members become eligible to apply for a loan on day one of membership, subject to credit and affordability checks.
Memberís savings are protected by the Financial Service Compensation Scheme (FSCS). The FSCS protects most depositors, including individuals and small companies, up to £85,000.