East Sussex Credit Union - Savings and loans for Brighton, Hove, Eastbourne and East Sussex

Save money easily!
It is so easy to pay money into your credit union account via one of our payroll deduction schemes. If you work for one of the companies listed below, you can join the credit union and save money or repay a loan directly from your pay packet.

Brighton & Hove City Council
Brighton & Hove Bus Company
Brighton & Sussex University Hospitals Trust
City College
The University of Brighton
Eastbourne Borough Council
East Sussex County Council

We operate a more flexible loans policy for people on our payroll schemes and will shortly be introducing systems to help you manage your account without the need to come into our office.

You can also download an information flyer.

To join the credit union you will need to complete a membership application form and send this to the office with some proof of where you live (e.g. council tax bill) and proof of who you are (e.g. a photocopy of your passport, driving licence or recent bank statement). You should also complete the payroll mandate form to open your account.

You may also find it helpful to read our Frequently Asked Questions sheet and the covering letter for our postal information pack.

If you are looking to borrow money please download a loan application form and guidance notes.

Refer a member scheme
If you are already paying by payroll deduction the Credit Union will pay £10 into your savings account for each new member you refer to us who agrees to save at least £20 per month directly from their pay packet. If you are already a member who works for one of these employers but do not save by payroll deduction the Credit Union will pay £5 into your savings account if you elect to pay in at least £20 per month by payroll deduction.

Contact the office and find out more

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This page was last updated on 13th May 2008

News
4th August 2008
Positive changes to credit union legislation
The Economic Secretary to the Treasury, Kitty Usher, has just confirmed a range of changes to the rules governing credit unions that will allow us to offer a much broader range of services to our members. These include:

Making 'common bond' legislation more flexible - that means that even if you don't live or work in East Sussex you could still join our credit union in some circumstances
Enabling groups and not just individuals to become members - if your community organisation is looking for somewhere to bank that means you could choose the credit union
Allowing credit unions to pay interest on accounts as well as a profit sharing dividend - so we can offer more certainty about the return you could get on your investment with us
Removing the age limit, so that our junior members can also become full members of the co-operative

"These changes will make a real difference to the credit union", commented General Manager, Adrian Davies "We will be able to offer accounts that pay interest to people living outside of East Sussex, including many Housing Association tenants who do not currently qualify for membership."

The legislative changes are expected to be in place by July 2009