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22 September 2017
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Credit Union News

"Latest news, anouncements and important notices"

Credit Union News Archives · View:  

September Weekend Holiday

The office will be closed on Friday, 22nd, Saturday, 23rd and Monday 25th September 2017


The dividend agreed at the Annual General Meeting on 6 December 2016 was 1.5%.  This has now been added to all active adult and corporate accounts.

The interest on all active junior accounts is 3.25%.

Loan Policy

Look at the new changes in the Loan Policy

Junior Accounts

The Board of Directors have approved a change in policy.  The maximum balance now allowed in junior accounts is 7,500.00.

Helensburgh Collection Point

Helensburgh Collection Point now open. Inside offices of Argyll Voluntary Action, 14 Colquhoun Square.  Open every Friday 11.00 am - 1.00 pm


The Credit Committee meets at 1.00 pm every Monday so please phone after 2:30 pm for your loan decision.

IMPORTANT INFORMATION: Compensation Arrangements

The Dumbarton Credit Union is 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 further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch:

Refer to the FSCS website http://www.fscs.org.uk/ or call 0800 678 1100.

Share Withdrawal: IMPORTANT UPDATE

Share Withdrawal: Important Update

The Board of Directors has changed the policy on Share Withdrawals:

If your Share Balance is below your Loan Balance = NO Share Withdrawal allowed

If your Share Balance is equal to your Loan Balance = NO Share Withdrawal allowed

If you Share Balance is above your Loan Balance = only amount of Shares above Loan Balance allowed to be Withdrawn.

Next Board Meeting

The next meeting of the Board of Directors is Tuesday, 8 August 2017 at 7.15 pm in the office at 147 High Street Dumbarton

Share Withdrawal: Saturday Service

PLEASE call if you would like to withdraw any of your shares on a Saturday morning. 

The Dumbarton Credit Union is open from 9:30am to 12pm on Saturdays to take deposits and loan repayments.

We require a phone call at least the day before letting us know you wish to withdraw shares.

We issue cheques only, which can only be cashed at the Business Section of the bank of Scotland.  Therefore they cannot be cashed on Saturdays as the Business Section is closed.

Dumbarton Credit Union Office opening hours:

Monday 9:30am to 1.00 pm

Tuesday 9:30am to 1.00 pm

Wednesday - Closed

Thursday 9:30am to 2:30pm & 3:30pm to 7:00pm

Friday 9:30am to 1.00 pm

Saturday 9:30am to 12:00pm

Sunday - Closed

Updated: 29 August 2017