The Share Account is a straightforward savings account held by all our members. You can pay in whatever you wish, up to our maximum savings amount, currently £30,000 (2017) and withdraw whenever you wish. You open a Share Account when you become a member of Gateway Credit Union. To join click here.
Gateway Credit Union provides free Life Savings insurance on your savings. In the event of the death of a member, the lawful beneficiary will be provided with this benefit. For full details click here.
We have lots of convenient ways to pay into your savings account(s). You can use any or all of them, whatever suits you best. Click here for details.
Gateway Credit Union is regulated by the Prudential Regulation Authority and is also a member of the Financial Services Compensation Scheme. In the event of a credit union collapsing 100% of the first £85,000 of any savings is refunded, making a credit union savings account as secure as any bank or building society.
To withdraw your savings we need a signed Share Withdrawal form. We will process the withdrawal and send you a cheque which you can cash at a local post office up to £500 or a Co-operative bank branch for larger sums. Alternatively we will arrange payment into your bank account, or to our prepaid debit card.
Most of our members register a bank account with us, and can then request withdrawals by phone.
You can also register for online services and request a withdrawal online