Family Membership


Is there a family member or 2 living in your household who would benefit from being a member of 1st Class Credit Union? Well, now is the time to invite them to join.


For each family member you join to 1st Class you will both receive a free £10.*


Having multiple members of our credit union living together can help your financial situation massively, everyone will benefit from free life cover and loan protection, access to multiple savings accounts, access to affordable loans, use our mobile account app and receive financial help at any turn.


*£10 will be paid into both accounts when all required documentation is returned by the joining member.



Terms and Conditions


Before applying for membership of 1st Class Credit Union, all applicants must agree to the terms and conditions set out by the credit union:


  1. The promoted family member must reside at the address as the current member to be eligible for membership.
  2. A Share Account can be opened by completing a Family Membership Application. A direct debit form must be returned before the account will be opened.  If further identification is required to open your account, we will contact you accordingly.
  3. To take full advantage of our products and services, you must have an active account with the minimum share balance of £3.00.
  4. Your membership will commence from the date of the first direct debit deposit.
  5. You must agree to deposit the minimum monthly direct debit of £15.
  6. An annual dividend will be paid into your share account, subject to surplus, on all sums deposited.  Dividend payments are gross of tax.  The rate at which the dividend is paid is determined at the Annual General Meeting.
  7. If you wish to terminate your membership you can do so by requesting the relevant paperwork from the office.  Any available shares will be paid to you on the closure of your account.
  8. Should the account be terminated within 6 weeks of activation, the promotional £10 will be retracted from both accounts.
  9. An annual membership fee of £3.00 will be deducted from your share account before the financial year-end in September.
  10. It is your responsibility to inform us of any changes in your personal details.
  11. We have the right to cancel membership if we believe you have fraudulently acquired membership/services from us.

Member of ABCUL

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Your money is protected up to £85,000