| | People Before Profit | | Click on the image to see a larger version. |  6 Towns Credit Union Members Agree A 3.5% Dividend on Savings
Strong growth and an lively membership has meant that members of the credit union are to receive a whopping 3.5% dividend on their savings for the year ended 30 September 2007. All dividends will be credited to members' accounts in the next few days.
If you want to be part of this the growing credit union, why not call the office on 0121 553 3110 and ask for an information pack? We offer savings accounts for everyone who lives or works in the borough of Sandwell.
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Established in August 2005, 6 Towns Credit Union is the savings and loans co-operative for everyone living or working in Sandwell, West Midlands.
Credit unions are financial co-operatives owned and controlled by their members. They offer savings and great value loans plus they are local, ethical and know what their members want. Each credit union has a "common bond", which links all its members together. Our common bond is "living or working" in the metropolitan borough of Sandwell.
Everyone who joins the credit union becomes a member-owner. This means they can be elected as a volunteer Board director, work as a community or workplace volunteer, and vote at the Annual General Meeting.
Life savings insurance is included, at no cost to the member, making it easy to build up a useful nest egg for you and your family. On a member's death, the amount of savings can be as much as doubled by the insurance and paid to whoever the member chooses. (Subject to conditions).
The credit union is regulated by the Financial Services Authority, the same government body that regulates banks, building societies and insurance companies. We are also part of the Financial Services Compensation Scheme. The Compensation Scheme protects members savings.
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