• Savings

SAVINGS FOR ANY PURPOSE

Every member of our credit union is a saver, from those putting a little bit away each month while repaying their loan, to those saving up for a dream holiday, and even the rainy day nest egg savers! We offer a range of savings accounts to suit you and your family.

Saving or putting money aside is an important first step in planning for the future, as it provides protection when an unforeseen event arises and helps give you peace of mind. When you save, you are eligible to share in the Credit Union profit. You can make deposits into your Credit Union account by cheque, standing order or direct debit.

The bank account details to use when making deposits into your Credit Union Savings or Loan account are:

       Bank: The Co-operative Bank
       Account Name: RENCAM Credit Union
       Sort Code: 08-92-99
       Account Number: 65709663
Please include your RENCAM Credit Union Membership number as reference.

You can withdraw your savings at any time by completing a Share Withdrawal Form; alternatively you can downloaded (Download PDF version here)
Shares (deposits) are eligible for dividends if declared

How safe is my money with RENCAM?

Every penny you save with RENCAM Credit Union is safe and secure. RENCAM Credit Union is covered by the Financial Services Compensation Scheme (FSCS). This scheme provides a safety net if a bank, building society or credit union collapses. A depositor is entitled to claim the full amount of their savings up to a maximum of £85000.
By regulating RENCAM Credit Union, the Financial Conduct Authority ( FCA) ensures that adequate reserves are maintained at all times to ensure the security of your money.

For further information, please visit the FSCS website www.fscs.org.uk or call 0800 678 1100

Achieving Success Together

Our Common Bond
"RENCAM Credit Union is open to Cameroonians, foreign spouses of Cameroonians and descendants of Cameroonians who are ordinarily resident in the UK. Membership is also open to other nationals living in the UK, who have interests in the Cameroonian heritage"

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