At a glance:
- Family membership is available to all relatives living at the same address as a qualifying common bond member.
- It gives full access to all products and services so that you can become a member in your own right.
- Easy and convenient access to the account.
- Transfers between family members' accounts available.
- Once a member, always a member so no matter what the circumstances are, you can rest assured your family membership is safe with us.
- All adult accounts include Life Cover up to age 65 at no extra cost to the member meaning that in the event of their death their savings balance would be doubled and any loan balance would be cleared. (Terms and Conditions apply)
- Your savings are covered by the Financial Services Compensation Scheme. For more information visit www.fscs.org.uk
What is a qualifying common bond member?
This is anyone who is paid directly by the Police. This includes Officers, retired Officers, Student Officers, PCSOs and Police Staff.
Who can join?
For relatives that live at the same address as you, a main member, we offer family membership with all the same great products and benefits that are already available to you.
How do they join?
Joining is simple; the relative in question just needs to fill in an application form which they can do online or by requesting one by phone or post.
Do they have access to all the services and can they borrow?
All our members are treated equally so yes, once your relative becomes a member, they are a member in their own right. Just like any other member, your relative is required to save a minimum of £5 per month but they also have access to all services, just as you do and they are able to apply for a loan in the same way. To apply for a loan now, click here.
How do they pay in?
Payments can be made into the account in a number of different ways. You are able to pay into your relative member's account via your payroll deduction or direct debit. Your relative member can also set up a monthly direct debit from their own bank account. In both situations, extra payments via debit card or cheque can always be made into the account, subject to a maximum of £500 per month, regardless of who is paying them in or who is making the monthly contributions.
How do they withdraw the money?
Your relative member can withdraw the money in exactly the same way you can. They can request a cheque by phone, email or writing and they can also request a BACS transfer to their bank account in the same way.
If the money comes from my payroll can I withdraw it?
Although you would be contributing, the money would remain in the relative member's name and you are not permitted to withdraw it unless you have a prior agreement. To find out more about how to do this, please contact the office.
Can I have access to my relative member’s account?
As mentioned above, with prior agreement, you can have access to the account. Upon contacting the office you will be asked a number of security questions in order to protect all parties involved.
What will happen if I leave my employment or the Credit Union?
Once a relative member joins us, they remain a member no matter what happens in your personal life or your career. They will be considered part of the No1 CopperPot family independently of your member status so they can rest assured their money and their membership is secure.