Our Community Account is an easy way for organisations to make their money work hard in their local area. Community Accounts attract the same rate of dividend as other savings and are very similar to our Share Account for individuals. You get a passbook and easy access to your money. As with individuals, the maximum you can have in the account is £30,000. We accept deposits by cash, cheque, e-banking or standing order.
The account is suitable for:
Community groups and charities. You can have up to three registered signatories. We can't offer you a chequebook, but we can issue cheques or make payments for you. Unlike many banks, we don't credit check signatories to the account, and although we do require ID, we are more flexible as to what it is.
Small Businesses and sole traders looking for an account for reserves or to save for tax bills.
Local Companies and organisations looking for a way to invest in their local community, at no cost to themselves.
Contact us for more information. We would be happy to pay you a visit to give a brief presentation on the work of Gateway Credit Union and/or to open the account.
Please note that we do not yet offer loans to corporate members.
If you would like to open a Community Account, download the Application form here.
Kindly note that Community Accounts are not intended to replace a Business Bank Account.
The Credit Union reserves the right to close any Community Accounts which are considered to be exceeding fair use.