Credit Union FAQs
Everything you need to know about credit unions
A credit union is a financial co-operative. Every member of a credit union must share something in common – this is known as a Common Bond. The bond could, for example, be living or working in the same area or working for the same employer. Credit unions are run democratically and operate in the interest of the people/customers who use their services – their members.
Anyone who lives or works in Scotland’s North East, Central, East and Borders regions can apply to become a member of EuroTrust Credit Access. As well as anyone who is a member of a bona fide organisation – see here for details. Full membership begins at age 16 with junior accounts also available.
Corporate membership is also now available. Please contact the EuroTrust Credit Access office for further information or visit the Corporate section of our website.
A fee of £5 may be charged on an account when there have been no credits/deposits into the account for a period of 12 months. Such an account will be deemed to be dormant. We’ll be in contact prior to this to discuss the options available.
