Encouraging regular saving is the main priority of the Danum Credit Union. Savers can be of any age, we have a Young Saver membership for the under 16s. Members' savings in the Credit Union are called shares, as each member is also a shareholder and owner of the credit union.

The Credit Union provides its members with FREE life insurance on their shares (savings). In the event of a member's death, the member's nominated beneficiary will receive both the member's savings and a sum from the insurance.

Dividends

Dividends are the members' reward for regularly saving and are calculated from the surplus made at the end of each financial year. As a non-profit making business, the Danum Credit Union gives a dividend to all of its regular savers (shareholders).

Benefits and services

• FREE Life Savings insurance

• Flexible savings - from £1 a week (25p for Young Savers) up to £10,000

• Easy ways to save - Collection Points, Payroll Deduction, or Standing Order

• Easy access to your savings through the many local Collection Points

• No hidden charges or fees on any transactions

• Young Savers - encourage them at an early age

• Eligible for Low Cost Loans

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