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Our ‘Family Loan and Saving Scheme’ allows all families/individuals in receipt of child benefit to have a loan of up to £500 from the Credit Union. This will be conditional upon child benefit being paid directly to Salford Credit Union. The Loan Repayments are fixed at £14.00 per week of £54.00 if paid 4-Weekly. You must also save £1.00 per week or £4.00 4-Weekly and this cannot be withdrawn until the loan has been repaid in full. The remainder of your Child Benefit will be transferred back to your Bank Account via Bank transfer by 2pm on the day of receipt.

As responsible lenders, we will not offer credit if we believe that you cannot afford to make the repayments.

About you
Address details
Loan application
  I confirm that the Child Benefit to be used for this application is in my name * 

Repayment of your loan is either £14 – Weekly CHB or £54 – 4 Weekly CHB
Please select you repayment option below

As part of the Family Loan you are required to save with the credit union. You must save £1.00 per week which cannot be withdrawn until your loan is repaid in full. You can choose to save more in your account however, you will not be able to withdraw the first £1.00 per week saved or £4.00 if paying 4-Weekly. Please indicate below your savings option(s)

Your income

Total Income paid to you each month after tax.

You can use our budget planner to work out your monthly income and expenditure

Your expenditure

Please provide your bank account details for receipt of Loan Funds and the remainder of your Child Benefit payment

.

DECLARATION

I declare that to the best of my knowledge I am in good health and fit to carry out my normal occupation and that the information I have given is true and accurate. I understand that the provision of false information is fraud and that the credit union may take appropriate action if I am found to have deliberately provided false or misleading information.

  In making this application I apply for membership of Salford Credit Union and agree to abide by the rules if I am not already a member. * 
  I confirm I have read the FSCS information and understand how my deposits are protected. * 

Credit is only available to members of Salford Credit Union. In making this application, if successful, you are accepting the rules of the credit union and agree to be bound by them.

Data privacy and Marketing preferences

Data privacy and Marketing preferences
We’d love to send you marketing information about the credit union, including newsletters, offers on loans or new savings products and latest news.

 YES to Emails
 YES to Texts
 YES to Post
 NO to any Credit Union marketing information

You can trust us
Salford Credit Union takes your privacy seriously and will only use your personal information to administer your accounts and to provide the products and services you have requested from us. We will not pass on our members contact information without their permission. We will never sell your data. You can change your mind about your Marketing preferences by visiting our website and completing the Marketing Preferences form. Our full Privacy Notice including your data rights can be found at our privacy notice

  I consent to my personal data being held by Salford Credit Union Ltd for the purposes of this application and my membership with the credit union. * 
  I consent to receiving my annual statement by email  

To complete your application please ensure your Email address is correct and then select Apply below.