Excellent savings rate paid.
No loan set up fees.
No early settlement fees.
No exit fees.
Free life insurance.
Low cost loans.
Full details:
1. Save the easy way by free payroll deduction, courtesy of your employer.
2. As a saver you can borrow up to four times your shares at low rates from 8.9% APR. on the reducing balance (4.7% flat rate) for all unsecured loans, compare this with other well known lenders.
3. No Setting up charges, no early settlement fees, all loans are fixed rate.
4. Free Life Insurance Cover provided for all members on all loans
5. The recommended “Standard Dividend” on savings for this year is 4% and even better on our higher Dividend accounts.
6. We have arranged quality insurance at special rates for members for Car, Health-cash, Term-life, House and Travel/Holiday for our members.
7. We are licensed since 1996 by the Office of Fair Trading to provide money advice and counselling for our members.
8. Sickness and accident insurance available, which can cover your repayments in times of illness or following an accident.
9. Your statement of account is available free on demand, also a comprehensive annual statement is provided.
10. Family Funeral Plans can be arranged for members, covering up to six members of family.
11. There is an “Introductory Loan Plan” for new members, up to £500 at 6.5% flat rate interest.
12. After taking out an unsecured loan for any amount, if you are unhappy for any reason, you can just return the loan within 14 days stating the reason, and we will charge you 0% interest.
13. When taking your annual leave you can apply for a “holiday relief loan” and have your three weeks credit union deduction returned to you before you go.
14. We are regulated by the FSA as a “Version Two Business” credit union, with the higher lending and repayment periods that this permission allows. Fewer than 4% of British credit unions are in this category.
15. Where appropriate we can arrange secured loans at a reduced rate on normal loan charges.
16. Members over two years in the credit union can apply for a Personal Budget Account which is a handy overdraft type facility up to £500 at just 12.5% APR on the reducing balance = 6.5% flat rate - ie under £33.16. We are regulated by the FSA as a “Version Two Business” credit union and can lend up to five years on unsecured loans. Under 10 of the 500+ credit unions are in this higher category.
17. Members over five years in the credit union can apply for a Personal Budget Account up to £1000 at just 12.5% APR on the reducing balance = 6.5% flat rate - ie approx £65.
18. We have retained solicitors for the past twenty years to provide legal advice free to our members whenever required. We have solicitors based north and south of the border.
19. We have had an ongoing business arrangement with prominent Financial/ Mortgage Advisors for over 21 years, to provide free Financial Advice on Pensions and Mortgage arrangements without arrangement fees for our members. Today this is known as “The Transport Mortgage Service” and operates throughout Britain
20. Member’s savings are protected against fraudsters by the use of a reputable credit-referencing agency.
21. We have a pleasant, and very experienced staff and management, directed by a competent and FSA approved Board of Directors, elected by the members, and are prominent people in passenger transport who understand fully, the needs of workers in the industry.
22. As one of our members, you need not tolerate unreasonable harassment or bullying from any financial institution, we can provide legal or financial advice, or a even trained negotiator who can act on your behalf.
We operate a "treat your customers fair policy" and openly invite you to advise us if you wish to make an expression of dissatisfaction to our complaints officer.
Our business is also covered by the Financial Ombudsman Service, to which a member can refer in the unlikely event that a complaint remains unresolved.
THE BEST BENEFIT OF ALL IS
YOU DO NOT BELONG TO US
WE BELONG TO YOU