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26 June 2019
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Benefits of Membership

"Open an account with the credit union today!"

Opening An Account?

Joining the Credit Union is the best decision you could take for your money.

Our Credit Union lets people in the community come together to save and borrow money at low rates, and is operated on a not-for-profit basis, with surpluses being returned to members.


The MAIN criteria for joining Sefton Credit Union is that you live OR work in any L-postcode of Merseyside/West Lancashire OR PR8 and PR9 postcodes of Southport (previously Sefton MBC area only). You will need to provide evidence to show that you meet our criteria for joining; a minimum of two items are required: a photo (passport, new driving licence, bus pass), and one item with your name and address on, OR if you don't have photo ID, two different items (i.e. not the same organisation) with your name and address on - which are not older than three months (bank statement, utility bill, up-to-date council tax bill, credit card statement, etc.).

When you have sufficient evidence you will need to call into one of our offices to fill in an application form (if you have not requested one or not yet received one) bringing with you your ID items in order to become a member. If you have any queries, eg. acceptable items of evidence, or the application form, please call us on 0151-363-7300 or 0151-363-7299. WE DO NOT ACCEPT APPLICATIONS TO JOIN BY POST OR EMAIL, ALL APPLICANTS MUST CALL INTO ONE OF OUR OFFICES

NO ACCOUNT will be opened without the minimum deposit AND your National Insurance Number. The minimum deposit is £10, this covers the current joining fee of £5. Members will need to provide a mobile telephone number if they wish to have account balance information by text message (seftbal to 80011). All adult members may request a pre-paid debit card.

Membership Application

» ClickDownload APP-FORM (181.9kb)

The membership application form is a PDF document and Adobe Acrobat Reader is required to the view it. Adobe Acrobat Reader can be downloaded for free by clicking on the Get Acrobat Reader icon.

Benefits of Membership

Membership has many benefits...

Flexible & Convenient Loans.  Members may be able to take out flexible loans 3 months after joining IF they have made regular savings, this is to show that loans being applied for can be repaid. We can set the repayment to any affordable, tailor-made schedule.

Attractive Dividend on Savings.  Subject to having a surplus and receiving the o.k. from our Auditors the Credit Union may pay an attractive dividend on members’ savings. The dividend goes into your savings, which along with loans, are covered by our Life Insurance scheme, paid by the Credit Union at no cost to members.

Quality Service, No Fees.  You can be assured of a professional service from Sefton Credit Union at all times. And you do not pay a transaction fee for saving with us, or for borrowing money, just interest on any loan you have been granted.

Pay by Standing Order.  You may be able to arrange a standing order payment from your bank to be sure of regular payments into your Credit Union account. Upon request we will send you a free statement showing all transactions.

Important information about compensation arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the credit union, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please call us on 0151-363-7300 or 0151-363-7299 or ask at your local branch, or refer to the FSCS website or call 0800-678-1100.

Updated: 17 August 2018