Savings
How Much, How Often?
This is entirely up to you, all that we ask is that you make a minimum of one deposit at least every three months regardless of whether it is 20p or £100 and maintain a minimum savings balance of £5 after six months of membership.
How can you SAVE?
Saving with the Credit Union is easy. Once you have completed all the relevant forms (see join the credit union tab) and provided the required documents you will be issued with a letter and passbook stating your account number.
You can then choose to save via:
Standing Order (direct from your bank account)
Payroll deduction from selected employers
Cash, Cheque or Postal order made payable to LASA Credit Union at any of our Collection Points (please enter a link here to list of opening times)
Also coming soon is…..
PayPoint: which will give all of our members the choice to pay in to their account via any PayPoint outlet across the UK including ALL Post Offices
Direct Deposit of Benefits: Hassle free have any benefit paid directly into your credit union account
Keeping Track of your money?
Statements of accounts are sent out Quarterly or at anytime by member’s request. These will show the last forty transactions made on the account.
Withdrawals:
Withdrawals can be requested from your account at any time. However, please keep in mind that LASA is still very much volunteer run organisation and therefore we may require some notice of these.
LASA Credit Union Ltd. is Regulated by the Financial Services Authority (FSA).
Our trade organisation is Association of British Credit Unions (ABCUL).Credit Unions - saving and borrowing to meet your needs, FSA fact sheet