a Credit Union?
A Credit Union is a community bank owned and run by its members from
the local community.
If you live or work in Brentford, Chiswick, Osterley or Isleworth then
you can join Thamesbank..
does it work for Savers?
Once you join you’ll be given a Swipecard. You use this to pay
money in at any PayPoint. You’ll find these in newsagents, supermarkets,
petrol stations and elsewhere through the area. Y ou can also set up
a Standing Order to pay in regularly.
much do I have to pay in?
It’s up to you – anything from 50p to £500 a week.
Some banks insist on a minimum deposit – but not Thamesbank. You
decide how much you want to save. You can set up a regular payment,
or pay in when you have some spare cash.
my money safe?
Absolutely. Savings are insured and Thamesbank is regulated by the Financial
I get my money out when I want to?
Of course – it’s your money.
should I save with you?
Convenience – many PayPoints are open 24 hours a day.
Ethical savings – we won’t invest your money where
it will support unethical businesses or countries with poor human rights
Not-for-profit – if there’s surplus interest it
is returned to the members.
Run by local people for local people – we have your best
interests at heart.
does it work?
Savers’ money provides a common pool which gives us the resources
to give loans to members.
I can borrow money?
If you’re a member, yes. You’ll need to be a member for
at least 12 weeks before you can apply for a loan, but after that you
will be eligible for a loan, providing that you are saving regularly.
much can I borrow?
It depends on how much money you have in your Thamesbank Account and
your ability to pay it back.
much interest will I pay?
Our interest rates are 1% per month – APR 12.68%. That’s
much lower than most banks and loan companies, and there are no arrangement
fees and no penalties for early repayment.
don’t have a bank account or credit record. Can I join? Can I
Yes! Credit Unions are ideal for people who are not part of the mainstream
want to join! What do I do?
Contact us for membership forms. Telephone 020 8568 4112, email email@example.com
or visit our website www.thamesbank.org
Credit Union looks forward to welcoming you as a member!