Dividend Added and Changes to Loan rates and Policy.

13th December 2018

Members will be pleased to learn that this years dividend  has been announced at 2.5%.

This will be added to all eligible accounts tomorrow.(Friday 14th December 2018)

The board are also pleased to announce the following changes to our loan policy.

1) Our Maximum loan has been increased from £15,000 to £20,000.

2) The share to loan ratio has been reduced from 4:1 to 5:1.

For example £1000 in shares to borrow £5000.

3) A reduction in the loan interest rate on all NEW loans over £10,000 from 0.538% per month to 0.5 % per month

These changes will take effect from the 3rd of January 2019.

Don;t forget that our Christmas loan offer is still in place until the end of January 2019.

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