Local, Secure, Safe.
For full details on the opening hours and the location of your nearest MKCU service point please click here.
|Want to secure savings?|
|No bank account?|
|Need a safe loan?|
|Want to invest in MKCU?
|Standing Order Form||Financial Compensation Scheme|
|Membership Form||PayPoint Guidance|
Why Save with MK Credit Union?
- Flexible savings to suit your needs: you can save as much or as little as you like and as often as you want. It might be weekly, fortnightly or monthly and you can save from as little as £1 per week.
- Personal service with a 5 day a week telephone service and local service points throughout the city for paying-in cash.
- You are supporting your local community as the more savings in the Mk Credit Union means that increased funds are available for lending to those in need.
- Savings are safe. Through the Financial Services Compensation Scheme, members' savings are 100% protected. In respect of deposits, an eligible depositor is entitled to claim up to £85,000. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the PRA (FRN417717).
How to save?
Most members save through a standing order. To set up a standing order contact your bank or complete the downloadable standing order form (which includes bank details for MK Credit Union).
For those members without a bank account we also offer a cash payment facility through the PayPoint scheme. See downloadable guidance for more info.
MK Council staff are also able to save & borrow through a payroll deduction scheme.
Can I have more than one savings account?
Yes you can have several. For example, you may want a separate account for Christmas, which you do not want to access during the year.
How can I withdraw my savings?
You can withdraw your savings by completing a share withdrawal form via the members' online secure area. Payments are normally made by bank transfer free of charge within five working days of a request being received, however may take a little longer if demand is high so please give as much advance notice as possible.
Once a loan is granted, members will not be able to withdraw shares, unless the value of the shares is in excess of the loan balance repayable and payments are not in arrears.
There is also an option to apply for a loan, rather than to withdraw savings, and this may be a better option for some members so that savings are maintained for emergencies.