KRD CREDIT UNION – LOOKING AFTER YOUR MONEY General Manager of KRD Credit Union Claire Doherty explains all you need to know about using a credit union.
Most people know that Credit Unions are great for savings and loans - but did you know that you can use your account just like a bank account? From paying bills online, to making payments using an app – it’s so easy to use. Here General Manager of KRD Credit Union, Claire Doherty, answers all your frequently asked questions about using a Credit Union.
WHO OWNS THE CREDIT UNION?
The members own the credit union. So, if you are a member (you can join for £1 membership fee and lodge at least £1) then you are a part owner of KRD Credit Union Ltd. It is up to you, the member of the Credit Union, to look after it by saving and borrowing and repaying as promised.
WHAT DO I NEED TO OPEN A CREDIT UNION ACCOUNT?
CAN I OPEN AN ACCOUNT FOR MY CHILD?
CAN I PAY BILLS OUT OF MY CREDIT UNION ACCOUNT?
Yes, a junior account Yes, you can. You can set holder is anyone from up external payees and birth to the age of 16. pay your oil etc online. The parent or legal We have the KRD app guardian must open and currently have the account and 3638 of our members they will need the using it. They love it, and child’s birth certificate if you haven’t already or passport, plus up to downloaded it, please do. date ID for themselves. See contact details on our If the child is over the age of seven, they will need to accompany website if you need your pin number and our well-trained staff will send the parent to open the account. this to you and talk you through CAN I OPEN MY ACCOUNT ONLINE? how to use it if needs be. You will be We plan to be launching this very, able to see your balances. Transfer very soon. money between your shares and HOW MUCH CAN I BORROW AND HOW? your loan. You can send money to You can apply online for your loans your bank and you can also pay bills on www.krdcreditunion.com and the to external accounts.
If you live or work in the areas that we cover, you can become a member. We require two forms of identification - one photographic eg Passport, Driving License, Electoral Card and one address verification eg bank statement or utility bill dated in the last three months.
amount any member can borrow is based on their affordability. Our dedicated loans team look at your application and will do a full income and expenditure to ensure you have the affordability to repay your loan. You can apply for a loan if you do not work and again this will be based on your affordability.
11 Main Street, Ballymoney, BT53 6AN
25/27 Church Street, Kilrea, BT51 5QU
CAN I PAY MONEY INTO THE CREDIT UNION ONLINE?
Yes, we can provide you with your unique sort code and account number and you can set up a payee on your own banking online for your Credit Union loan and savings accounts.
18 Main Street, Dunloy, BT44 9AA
www.krdcreditunion.com | P: 028 2954 1007 | E: info@krdcreditunion.com Find us on Facebook and Instagram
If you are a member and are experiencing financial difficulty please email creditcontrol@krdcreditunion.com KRD Credit Union Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. KRD Credit Union Ltd is covered by the UK Government’s Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service. PRA Reg. No. NI 574095: Companies Registration No. CU76 Northern Ireland
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