About our savings accounts
Credit Unions rely on savings to operate. By saving with the credit union you are helping us to provide the services to our members. Whether you're saving for a wedding, holiday, your first home or just a rainy day it's really easy to save with First Choice Credit Union.
You can save by:
paying in cash or cheques (made out to First Choice Credit Union) at one of our offices or collection points.
pay through your salary with our payroll deduction scheme.
How to open a savings account
A share account is opened for you when you become a member of the Credit Union. You will need to fill in our Membership form, either on line, through our app called NIVO or by filling in the form and provide some identification to prove who you are. We require ID as well as proof of address, proof of date of birth and national insurance number.
You need to keep a minimum of £5 in your account to keep it active, and can save up to a maximum of £8,000
You can normally make withdrawals from your shares account at any time although we reserve the right to require a period of notice.
Withdrawals are made by filling in a withdrawal form. You can also set-up a withdrawal by telephone arrangement via e-mail to the office at 'firstname.lastname@example.org. They will usually be made via a credit to your bank account, or as a cheque. Small amounts of cash may be withdrawn at our office with prior notice.