Our Credit Union brings people in Hull and East Yorkshire together to save and borrow money and access a range of other useful financial services, to help them to manage their money wisely. We are a not-for-profit organisation dedicated to meeting the needs of our members.
Many of our members say: Joining the Credit Union is one of the best decisions I’ve ever made.
If you live or work in the East Riding of Yorkshire (including the City of Hull), you can join today. Simply download the Application Form below and bring it to us together with at least two original or certified documents to prove your identity and address*.
For a list of acceptable documents please download the Your Personal Information leaflet below.
If you have problems providing these documents, please contact us - we may be able to help.
* please don’t send passports and other valuable documents through the post as we cannot guarantee their safe arrival.
What does HEYCU offer me?
When you join Hull and East Yorkshire Credit Union you become a part-owner of a successful co-operative business that is dedicated to meeting your needs and helping you to manage your money well.
We have no outside shareholders to keep happy - nor to cream off the profits - everything we do is for our Members.
Membership has many benefits...
A way to save regularly for any purpose
You can save any amount from £1 a week upwards. Save as little or as much as you want - you decide! And there’s a choice of seven ways to pay in.
A yearly Dividend as your reward
Any surplus we make is shared with our members at the end of the year. In 2009 we paid 2.00% Dividend on instant access savings (3.0% on Christmas Saver and 3.00% on Loyalty Saver). Future dividends depend on our results, and can go up or down. The Dividend is approved by members voting at the AGM.
Affordable Loans on terms that match your needs
Members can apply for low-cost loans, based on their ability to repay. The interest on a Credit Union Personal Loan is typically 12.7% APR on the reducing balance. Unlike many lenders, we do not charge set up or admin fees and there are no penalties if you want to repay your loan early. If you are under the age of 70, your loan is also covered by Life Insurance at no cost to you! It’s a unique credit union benefit. Loans can also be insured against accident, sickness and / or redundancy at a small extra charge. Members who have been borrowers for some time may be able to benefit from FlexiCredit, which gives them a credit limit in return for regular payments of an agreed amount.
Instant Access Accounts
You can save up separately for holidays and other events with our Instant Access Accounts. Withdraw when you need to, and Dividend is paid!
Christmas Saver
Why not save up SAFELY with us for your Christmas shopping and treats? Any amounts saved stay in the account until the end of October. A bonus dividend is added and the savings accumulated at that point available to draw from 1 November until Christmas Eve. Unlike shop-based Christmas Clubs you have a free choice where to spend your savings. And it’s much safer than informal savings clubs, hamper schemes or the tin box under the bed.
First Savers Club
We haven’t forgotten the youngsters. Getting them into the habit of saving early can set them up for life. You can save for the special children in your life with our First Savers Club. Then you can watch their savings grow as they do! Again, full Dividend is paid on all amounts saved.
Child Trust Fund account
New baby in the family? Or one on the way? Now you can invest your Government vouchers (worth £250 or more) in our new Child Trust Fund account. See the Child Trust Fund page of this website for details.
Our Family Life + Plan
This Plan offers helpful cash benefits on the death of the Member and up to 12 named family members. You pay a small monthly premium with a choice of four levels of benefit. Cover is provided by CUNA Mutual, an insurance company owned by the Credit Union Movement. There are no medicals, and it’s simple to sign up.
Great Insurance Deals
Members can also access great deals on Home, Motor and Travel insurance by calling the exclusive Members’ Hotline and asking for a quote. No obligation - so what have you got to lose?
The Health Scheme
We have teamed up with The Health Scheme to introduce a health cash plan designed to meet the needs of you and your family. For as little as £1.35 a week for an individual or £2.55 a week for a family you can get helpful cash benefits for optical and dental expenses, hearing aids, surgical appliances and therapies, home help / home nursing, stays in hospital, maternity and personal accident. The regular payments are taken direct from your Credit Union share account until you tell us to stop. Choose from four levels of cover - the bigger the premium, the more benefit you’ll receive. No medicals and you don’t have to be employed.
A real say in an ethical, co-operative business
As a member you can vote to make a difference. You can attend the AGM, elect the Directors who decide on HEYCU’s plans and policies and vote on the annual Dividend. We consult you on various matters from time to time, and ask for your opinions in our Member Surveys. You can even stand for election yourself, and make your views heard. What other business gives you as much say?
Could you be a Credit Union Volunteer?
Perhaps you’d like to be a Credit Union Volunteer? All our Directors are volunteers - elected by and from the members - and so are our Credit and Supervisory Committee members and our Marketing Team. We also have a network of 200+ HEY Leaders who help to spread the word about HEYCU and its services to their colleagues and/or people in their community.
Being a Credit Union Volunteer can be a very satisifying role - you get great training opportunities and the chance to make new friends and learn new life skills. You’ll also be making a real difference, to your own life and that of others. There are various roles, so the time commitment is up to you. Why not contact us to see what you could do?
Watch out for new member services coming on stream
We are always looking to improve the package of member benefits. Ask any staff member for more details about joining the Credit Union, or for further information see the different sections of this web site.
And now Current Accounts!
We can now offer our members a Credit Union Current Account. For less than 14p a day, our account lets you have all your wages, pensions or benefits paid in, have a cashpoint card, (if eligble) have a VISA Debit card, transfer your Credit Union savings and loans in the same day for easy access and set up direct debits and standing orders to pay all your household bills. We are one of the first credit unions in the country to offer this exciting new service. Call us on 01482 778753 to ask for an application form!
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06 September 2010
Download Membership Application Form (185.3kb)