Credit Union News

Wouldn’t you like to be able to claim cash towards your everyday health costs?

Your Credit Union has linked with BHSF to provide cover for individuals and families at a very low cost.

If you join BHSF during September or October 2010, you could get Immediate Cover and up to £100 Thomas Cook discount travel vouchers!

For further information call BHSF on 0121 629 1264 or call our office for an application form on 01482 778753.

The HEYCU Friendly Folk have drawn the Members Lottery for August 2010 and you can download a list of the winners below. Are you one of the lucky ones this time? If you haven’t joined our fabulous Members Lottery yet, don’t miss out any longer! Call the Office on 01482 778753 and get your tickets today.

Download Lottery Winners Aug 10 (189.2kb)

We have now extended the opening times of our office at 18 Prospect Street, Bridlington.  Our opening times are now:

• Mondays and Thursdays 9.30 am to 4.30 pm
• Fridays 9.30 am to 4.00 pm.

Now you have an extra hour in the afternoon to visit your friendly local Credit Union!

Have you seen our new Partners Newsletter!

It describes the many ways we are working in partnership with a wide range of organisations in our region for mutual benefit.

You can download a copy here:Download Partners Newsletter July 2010 (556.5kb)

If you have any ideas or suggestions for ways in which we could work together to benefit the community of East Yorkshire, please do get in touch.

Congratulations to our Driffield Branch on achieving five years of service to the people of Driffield and district.  The Branch opened on 18 May 2005 and since then many local residents have benefited from our safe savings and affordable loans.  Well done to Jacquie and her team for making the branch such a success.

If you are in Driffield why not pop in on a Wednesday 11 am to 1 pm or Thursday 10 am to 12 noon to the Community Centre in West Garth and we shall be pleased to see you.

Have you seen our Facebook Page?

Visit us at

http://facebook.dj/hullandeycu/

Or search for us under:

“Hull and East Yorkshire Credit Union”

• Instant news updates straight to your profile
• View our wide range of available products
• Take part in discussions
• View our photos
• Connect with other members
• Be notified of up and coming events

Interact with your Credit Union today!

As a Credit Union Member you can get the best of both worlds - you can get low-cost loans to spread the cost of those unplanned items that we all face from time to time; at the same time you can also save up with us for future events like Christmas, holidays or a family celebration.

How does it work? Well, simply add a little extra to your regular loan repayments and we’ll look after it safely for you in a Credit Union Savings account until you need it.

For example, suppose you take out a £250 Freedom Loan with us and the repayments are £5.50 a week. Why not set up your bank standing order for £7.00 instead. Then, in a year’s time, not only will your loan be fully paid off, you’ll also have £82 saved up in your Credit Union Savings account!

Look at these other examples, and discover how your Credit Union can help you get on top of your finances:

Your Credit Union Freedom Loan	Your Loan Repayments each week	Pay this instead and after a year your loan will be fully paid off and you’ll have saved up the amount shown in the next column	Total you’ll have saved up after a year (52 weeks)
£300	£6.60	£8.60	£109.00
£350	£7.60	£10.00	£125.00
£400	£8.70	£12.00	£173.00
£450	£9.80	£13.50	£195.00
£500	£11.00	£15.00	£217.00

Remember, a Credit Union Freedom Loan is already many times cheaper than the typical Doorstep Loan (see Provident Financial Services website - typical APR 272.2% as at 15.9.09; HEYCU APR 26.8%).

What are you waiting for? Let us help you manage your money well with a Credit Union Loan and a Credit Union Savings Account. Contact us on 01482 778753 to find out more.

Money saving expert and consumer advocate, Martin Lewis, recently put his weight behind a campaign to raise the profile of Credit Unions.

Martin said: Credit unions are there to look after members of their community. You can save with them in the good times and borrow back from them in the bad times.  It’s the perfect institution for doing just that.

Your Credit Union is committed to delivering additional benefits & cost saving opportunities for all our members and we are pleased to announce our exclusive offer from the Co-operative Group on electrical appliances & beds.

Simply click on the link on the Home page to enjoy the fantastically low prices.  In fact, The Co-operative are so confident about their pricing they will even price match against Comet, Curry’s & Argos in the unlikely event you find the item cheaper.  Simply call their expert sales team on 0845 7000 100 for more information.

So, if it’s a new TV or kitchen appliance you are looking for, or maybe you want to treat yourself to a new laptop – The Co-operative has a great deal for you.

As an additional exclusive offer, The Co-operative will remove your old model free of charge when you buy any major kitchen appliance.

How does it work?

Simply click on the link and view the exceptional prices available on line, or alternatively you can call & speak to one of their expert sales team.  Once you have selected your item you can select a delivery date to suit you.   The Co-operative will then e-mail or text you on the evening before the delivery of larger items to confirm a two hour delivery slot so you don’t have to wait in all day, with 99.8% of all deliveries delivered on time.  Smaller items are delivered on a next day basis via a trusted national carrier.

The Co-operative – Good for everyone - working with your Credit Union to help your money go further

Please note HEYCU is not responsible for the contents of the Co-operative website

We are covered by 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.

In respect of deposits, an eligible depositor is entitled to claim up to £50,000. The £50,000 limit relates to the combined amount in all the eligible depositor’s accounts with the credit union and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website http://www.fscs.org.uk/ or call 0800 678 1100.

Losing a loved one is difficult - and yet many life assurance policies take months or even years to settle claims, which can put you or your loved ones out-of-pocket for the costs, such as funeral expenses, arising from the bereavement of a family member.

With FamilyLIFE+, you can insure yourself, your Spouse/Significant Other, your parents or the parents of your Spouse/Significant Other, plus your children (subject to a maximum of 12 insured persons). Children under age 18 are free, until their 18^th Birthday.

What is FamilyLIFE+ and how can it protect me?

FamilyLIFE+ is a unique, guaranteed, whole of life protection product for you and your family that provides peace of mind at an affordable price.

You can choose a benefit of £2000, £3000, £4000 or £6000. The cover is guaranteed for as long as premiums continue to be paid to the Insurer and until the last of the insured persons die.

Many life assurances policies take months or even years to settle claims, which mean that individuals can be under financial pressure from costs arising from bereavement of a family member. FamilyLife+ claims are settled within 48 hours.

Who can take this cover out ?

To apply for a policy you must:

• Be aged 18 years or over and under 70 years (Individuals over age 70 can contact insurance@cunamutual.co.uk for a quotation);
• Be a resident in the United Kingdom

How much does it cost?

FamilyLIFE+ starts from as little as £2.00 per person per month. Your monthly premium will depend on:

• the benefit level chosen
• your age at the date you apply for cover
• the amount of people you decide to add to your policy and their ages at the date you add them to the policy

The available options and related premium rates are shown in the table:

Benefit Amount (payable for each Insured Person upon death)	PLAN A £2000	Plan B £3000	Plan C £4000	Plan D £6000
Age at date added to the policy	Monthly Premium	Monthly Premium	Monthly Premium	Monthly Premium
<18*	£0	£0	£0	£0
18 to 29	£2.00	£3.00	£4.00	£6.00
30 to 39	£3.00	£4.50	£6.00	£9.00
40 to 49	£5.00	£7.50	£10.00	£15.00
50 to 59	£7.00	£10.50	£14.00	£21.00
60 to 64	£10.00	£15.00	£20.00	£30.00
65 to 69	£13.00	£19.50	£26.00	£39.00

A lifetime guarantee that the premium rate will not increase as insured family members get older (*with one exception, children who reach the age of 18 and remain on the Policy, pay the premium related to ages 18-29 for the duration of their policy).

How can I arrange cover?

Just CLICK HERE to obtain a quote or click on www.familylifeplus.co.uk where you can review the policy & customer information documents, and, if the policy meets your needs, purchase cover.

Waiting Period:

• A six-month waiting period applies to each insured person. Each insured family member is fully protected after the initial waiting period, with all individuals covered for Accidental Death during this waiting period.

Policy Exclusions

• Suicide within 2 years of the date cover commences.
• Deaths that occur outside Geographic Area except where the insured person is on holidays with documented intention to return home within 30 days.
• Deaths arising from involvement in criminal activity.
• Deaths arising from war, terrorism or nuclear reaction.
• Accidental deaths arising from participation in a riot, drug abuse, parachuting or sky diving or flying other than as a passenger or crew member of a commercial airline.