Junior Accounts

Opening a Junior Account?

Young people under the age of 16 are able to join the Junior Savers Club free of charge. Please click here to download an application form. Please note that proof of identify of one parent/guardian is required along with proof of the child's date of birth and address. An Original Birth certificate must be provided together with something that confirms the junior savers address. Alternatively proof of the named junior Save’s address and date of birth are correct as shown on the Doctors surgery or school records. The application for has space for the school or GP’s Stamp, signature and date. Please note that children over 7 years of age must sign and date the form.

Also the parent must provide proof of address and Identity, and must complete the membership question, sigh and date the back of the form.

(Please see the application form for further details of acceptable forms of identity). Back To Menu

Is Interest paid to Junior Savers?

Solent Credit Union has been able to pay a dividend (interest) to Junior Savers for the last few years to encourage them to continue saving. Priority to pay a dividend is always given to Junior Savers

Please contact our office if you wish to open a junior account for a child who is not your child or you are not the guardian. It is important to understand the relationship to be able to advise on the documentation required.

When I reach 16 as a Junior Saver, what happens then?

Once a junior saver reaches the age of 16 they will be contacted to see if they wish to join Solent Credit Union as an adult member which, once they reach the age of 18, will mean that they can apply for a loan and stand for election to one of the committees. Back To Menu

Miscellaneous Questions

Want To Complain?

We would like to know about any problems you have with us or our service. Write to Paul Howlett, The Complaints Team, Solent Credit Union, 1st Floor, Dolphin House, 134 -135 High Street, Southampton, SO14 2BR. Or email to:

complaints@solentcreditunion.co.uk

Emails to this address go directly to the SCU complaints team of Paul Howlett and Peter Barnas who will respond to you directly.

For information and advice on how to complain to us please go to the SCU Web Site download the information leaflet;

“Do you have a complaint to make” by clicking this link.

Download Solent Credit Union Complaints Form

Download Solent Credit Union Complaints Policy

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How can I Volunteer and get involved?

We are run by volunteers. We are always looking for people to get involved. There are many roles that members can get involved in. These are at all levels of commitment of time and involvement. It could be helping out at a Collection Point for an hour or two a fortnight, to helping with data entry or accounts, marketing and promotion or helping to look after our community of more than 90 volunteers.

You will be welcomed and valued

Meet new people

Training will be given

Share and improve your skills

Travel expenses covered

If you have any time available and would like to be part of a friendly organisation,

click here to download a volunteer application form

(Please note that all volunteers must join the credit union before commencing their volunteering role.)

To find out about the volunteer roles that we are trying to fill at the moment, please go to The Volunteering page on our Web Site at http://solentcreditunion.co.uk/index_files/HowCanIBeInvolved.htm

Or contact us by email at:

recruitment@solentcreditunion.co.uk

Or send your details (name, address, and age if under 18) availability and volunteer interests to:

Solent Credit Union, First Floor, Dolphin House, 134-135, High Street, , Southampton, SO14 2BR

Telephone 023 8178 8375 Back To Menu

Is SCU Run Properly?

The activities of Solent Credit Union are monitored by a number of Organisations in order to protect the interests of Members. They are:

the Supervisory Committee. The Supervisory Committee makes regular checks that the Credit Union is maintaining its Procedures correctly.

the External Auditor. The Financial Accounts of the Credit Union are checked by External Auditors, whose report will be made available to all Members at the AGM.

ABCUL. Solent Credit Union is a Member of the Association of British Credit Unions Ltd. ABCUL provides training materials, advice and support for credit unions.

Financial Services Authority. Solent Credit Union is registered with the FSA (no.213753) which regulates all its activities. The Credit Union is required to produce quarterly and annual returns regarding its financial performance.

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Is There a National Credit Union Movement

Solent Credit Union belongs to The Association of British Credit Unions (ABCUL). This is a national body that represents the majority of credit unions in the UK. SCU uses ABCUL Rules for its constitution.

We are also part of the UK Co-operative Movement. Here are some statistics. Figures are from the WOOCU survey of 2010

ABCUL and WOOCU affiliated Credit Unions: 453

Members: 788,257

Penetration Rate*: 2.0%

Savings (USD): 903,471,857

Loans (USD): 751,468,816

Reserves (USD): 141,583,575

Assets (USD): 1,072,321,685

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Is there an International Credit Unions Movement.

Through ABCUL SCU is affiliated to the World Council of Credit Unions (WOCCU)

World Council of Credit Unions (WOCCU) is the global trade association and development agency for credit unions. WOCCU promotes the development of financial cooperatives worldwide to empower people through financial services and advocates on behalf of financial cooperatives on a global and national level for improved laws and regulation. The organization’s technical assistance programs introduce new tools and technologies to strengthen credit unions’ financial performance and increase their outreach. Learn more about WOCCU’s impact around the world at www.woccu.org.

Some Statistics

WOOCU Credit Unions have:

188,000,000 Members

53,000 Credit Unions

100 Countries

Savings $1,145,851,168,440

Loans $911,752,609,007

Reserves $119,738,181,488

Assets $1,352,608,897,47

As a Co-operative, we are also represented by the International Co-operative movement. See ICA International Co-operative Alliance. ICA it the worlds’ largest non-governmental organisation. Back To Menu

What is a Financial Health Check?

Whatever the situation with your finances, it’s good to know where you stand and that you are making the most of what you have. The health check, a new online money adviser from the Money Advice Service, is for everyone.

The Money Advice Service is an independent advice organisation, here to help everyone understand and manage their money better.

Taking just 10 minutes to answer some straightforward questions on the health check will give you a personalised action plan to help you sort out your money priorities now, and plan for the future – whatever your goals may be.

Best of all - it’s free and it’s unbiased.

The an online money health check to give people unbiased money advice and, importantly, a personal action plan to help them prioritise their financial needs and longer term goals. The money advice telephone line will continue to be 0300 500 5000.

For More go to http://www.moneyadviceservice.org.uk

Their ambition is to deliver long-term change in the UK so that good money management becomes a