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Tel: 01484 226666 Fax: 01484 226869 Email: info@castleandminster.co.uk
Credit Union Savings Help New Business Start Up
Castle & Minster Credit Union have helped one of our members to launch a new business. Peter Hardy a long term member of the credit union has been encouraged to save regularly with Castle & Minster and has used some of his savings to help establish his new bike shop – Bike Works in Linthwaite, Huddersfield. Teacher Peter was made redundant at Christmas when his school was closed.
Peter has said “Being made redundant was a tremendous shock, but fortunately my savings with Castle & Minster Credit Union has provided a nest egg to cushion the blow and help me get back on my feet. I don’t like borrowing money and with no regular income showing, this probably would not have been a feasible option for me. My savings with the credit union have provided a real life-line in times of need.
I initially joined the credit union as it is owned by it’s members. I know that my money will be used to provide loans, within the credit union’s ethos of responsible lending, to local people who may have been turned away by high street financial organisations. I have always received a friendly and professional service from Castle & Minster and cannot sing their praises enough!”.
Tony Hood, Chair of Board of Directors said “Peter is a great example of how credit unions can support a community ethos and help keep money in the local economy. One of our key aims is to encourage our members to save in one of our many tailored savings accounts. This reduces dependency on loans in times of need.“
Kirklees Director Joins Castle & Minster Credit Union
Jacqui says Pay roll deduction is easy to set up and I will definitely value membership of an ethical organisation with co-operative principles which is run for and by its members providing effective, convenient and competitive finance service.Credit Unions help keep money in the local economy and provide valuable financial services to local people on low income.”
Batley Branch Closed Week Commencing 15 April
Due to staff shortages our Batley branch will be closed week commencing 15 April. We apologise to our members for any inconvenience.Branch Closures
Annual General Meeting 2012
Annual General Meeting
Our AGM took place on 16 February and was attended by over 30 members, directors and staff. Key points in the annual report were highlighted, such as the decision to pay 2.5% interest on junior saver accounts, but to remain cautious and prudent and waver paying a dividend to members for the last financial year. Directors were also on-hand to answer any questions from members attending. Rule changes, as a result of new legislation introduced early this year, were also discussed and agreed. These include:
- adopting a new common bond which enables us to widen membership to people and organisations outside the Kirklees boundary who meet certain criteria and opening membership to community groups in particular
- specifying an age of 18 years for young savers to convert to adult membership or be able to apply for election as an officer of the credit union
- introducing an annual charge of £5 on dormant accounts,
- retaining the opportunity to introduce paying interest bearing shares in the future
- setting the maximum number of directors at 11 with a 33% restriction on corporate directors
Rule Changes
Annual General Meeting – Important notice
At our AGM in February we asked members to support our resolution for a complete rule change so we can take advantage of recent changes to credit union legislation allowing us to accept community groups, societies and businesses as credit union members. There are also a number of other smaller changes to accommodate the new legislation. A copy of the new rules can be found below, with a summary of the changes and more information about corporate members and non deferred / deferred shares.
Download Credit Union Model Rules 2012-240112 (204.8kb)
Download JGri Rule Change Summary (92.5kb)
Download Information Sheet Corporate Members (77kb)
Download Information Sheet Deferred Shares (47.7kb)
Welcome to our new Website
Welcome to the new Castle & Minster Credit Union web site which is designed to make online access to information including access to your account details quicker and easier. If you previously accessed your account details online or you would like to be able to do this, you will need to register for a new 6 digit pin which will ensure your account details remain secure and protected. You can also access your account details such as checking balances and viewing your latest transactions, through Intouch Kirklees via your digital TV remote. More information on how to do this will be available soon.Have we helped you? You can help us!
If you have taken out a loan, saved with us or have benefited in any other way from being a Castle & Minster Credit Union member or volunteer, please email or phone us with your story so we can share this with other members and potential new members ( 2-3 lines are all we need). You can send your story anonymously. T: 01484 226666 E: info@castleandminster.co.ukSave Energy & Save
We have launched this initiative with partner organisations to save our members money on their household bills including on energy, water and transport, furniture electrical products and computers. Existing and new members will then be encouraged to save the money in a savings account with us. Get in touch to take advantage of this offer!
Download Save Energy & Save (390.5kb)
October 2011
2 New Initiatives
Look out for 2 new initiatives that we will be introducing shortly:
The Digital Inclusion Scheme will allow members to access low cost loans to partly finance the purchase of low cost, refurbished computers for £95 - what a bargain!
Save Energy and Save will allow members to save with us and access discounted Metrocards, lower gas, electricity and water bills, beautiful, low cost, refurbished furniture as well as help and advice on how to budget and save even more money!
We will be working with other partner organisations to deliver these money saving initiatives to you soon. Call or email us and we will keep you informed.
Christmas is Coming
If you haven’t managed to save through our Christmas Savers account this year and are worried about meeting the costs of Christmas, don’t worry! We can offer low cost, flexible loans to cover your costs. Pop in or call us to discuss a loan or apply online. You can also use our loan calculator to work out your repayments.
For more informationDownload October Newsletter 2011 (168.6kb)
