Dividend and Rates

If the credit union a generates surplus, that surplus may be shared with members in the form of a dividend on savings (subject to adequate levels of reserves being met). If the credit union is in a position to pay a dividend, this rate will be decided and agreed by our members at our Annual General Meeting, based on recommendations from our Board.

Previous dividend payments

YEAR ENDINGDIVIDEND RATE
20200%
20191.15%
20181.5%
20171.3%
20161%
20151.5%
20141.5%
20132.5%
20123%
20113%
20103.25%
20093%

ISA savings rates for 2020/21

ISA accounts receive a return paid annually in April each year. ISA rates of return can vary from month to month throughout the year and we will update this page with the dividend rate to be paid each month.

MONTHRATE
December 20200%
November 20200%
October 20200.1%
September 20200.1%
August 20200.1%
July 20200.1%
June 20200.1%
May 20200.1%
April 20200.1%

The ISA return paid at the end of previous tax years was calculated at the following historical rates:

PERIODRATE
April 2016 until July 20161.25%
August 2016 until March 20171.00%
April 2017 until March 20181.00%
April 2018 until March 20191.00%
April 2019 until March 20201.00%

We are no longer taking new subscriptions for our ISA account.

As of 1 May 2020, the maximum you can deposit with the credit union across all accounts in any financial year is a total of £2,500 lump sum deposits, plus a maximum £1,000 regular payments each month (totalling £14,500). A member’s collective savings balance is not permitted to exceed £85,000.

View our ISA account Terms and Conditions for more information.

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You are now applying for a personal loan

Please check first that you are eligible to apply:

  • You are aged 18 or over
  • You have had an active Glasgow Credit Union membership for at least 3 months
  • You have a UK bank account in your own or joint names
  • You are a permanent UK resident
  • You have never been bankrupt or had a Court Decree

To complete your application you will need:

  • Your current employer's address details
  • Details of monthly income and outgoings
  • Bank or building society details (sort code and account number)

To enable us to make a decision on your loan application we will contact Credit Referencing & Fraud Prevention Agencies. This will register a search against your credit record and if your application is successful we will share the information we hold for you with these agencies. Further details are available in our Privacy Notice

It is important that you read the Privacy Notice document above. If there is anything that you do not understand, please contact us.

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