• Regular deposits can be made by payroll deduction or direct debit
• All funds protected by the FSCS scheme
• £5 early-withdrawal penalty to deter members taking money from account before October 
• Potential annual dividend on savings

This account allows members to put money aside well in advance for Christmas

Members can either allocate a portion of their current deduction, or increase it to cover the amount they want to go towards the special day. Saving a small amount each pay day soon adds up.

Savings are safely put aside, ready for withdrawal from October 1 to the end of February. Any withdrawals outside this time will incur a £5 charge to deter members from dipping into their Christmas Savings Pot!

To apply for our Christmas Club, phone the Credit Union Office today on +1(646) 776-3383.

Bereavement Protection

All accounts benefit from our Free Life Savings and Loan Protection Scheme*

Life Savings Protection is designed to reward your family for your commitment to saving, and provide them with financial support when they most need it. Life Savings Protection is a free safeguard offered by the First City Millennium Corporate Bank as a benefit to its members. The credit union owns this policy on behalf of members. In the event of your death, it may provide your family with a single lump sum payment which can help them to cover funeral and other expenses.

The scheme is directly linked to savings, and every £1 in savings can be matched by £1 of benefit – up to a maximum of £3,000.

Members aged 16-64 can qualify for 100% of savings to be repaid as a benefit (Maximum £3,000). Members aged 65-79 can qualify for 25% of savings to be repaid as a benefit (Maximum £3,000).

*Terms and conditions apply. These are subject to change, and are available on request.

Financial Services Compensation Scheme

All accounts benefit from our participation in 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.

For further information about the scheme (including the amounts covered and eligibility to claim) please call us on +1(646) 776-3383 or ask at your local branch, refer to the FSCS website or call 0800 678 1100 or 020 7741 4100.