Straightforward savings accounts
Brecon & District Credit Union encourages its members to save as much as they can afford towards their financial goals. The Credit Union is run by its members, for its members. At the AGM, we all decide whether to return any profit to the Credit Union or distribute it as a dividend to members. Our savings accounts are simple to understand and offer an ethical alternative to banks and building societies.
Help your community
Members who save regularly can apply for loans at a preferential rate. Savings held by the Credit Union form the pool of money that can be borrowed by other members, providing a valuable service to our community.
Your savings are safe
We are authorised by the PRA and regulated by the FCA and PRA. Your savings are covered by the Financial Services Compensation Scheme.
Members can withdraw their savings as long as there is no loan secured against them. Withdrawals can be paid out by cheque or by BACS transfer directly to your nominated bank account. Please supply us with your bank account details for regular BACS transfers. Requests for withdrawals from members with loans require approval from our Credit Committee. We aim to process withdrawals by BACS within 24 hours, but at times of high demand processing may take upto three working days.