Membership

    Becoming a member

Membership of Pennyburn Credit Union is open to anyone who lives or works in the Pennyburn area. To become a member it is necessary to complete a membership application card, which can be obtained at the Credit Union office. The new member enters his/her own details and signs the card. The applicant must also be proposed and seconded by two persons who are already members. The Law prohibits the Credit Union from opening an account for a new member unless satisfactory proof of identity and appropriate address verification documents are produced (See list below). When the application has been approved by the Board or Membership Officer and an entrance fee of £1.00 paid, the new member may then open the account. The minimum amount to keep an account open is £5.00.


PROOF OF IDENTITY: Under the Money Laundering Act, we are obliged to have proof of identity. Normally this consists of:
  • A passport or driving licence to show that you are who you say you are plus
  • A household bill to show that you live at your address.
The law prohibits the Credit Union from opening an account for a new member unless satisfactory proof of identity and appropriate address verification documents are produced. (See list below)
To establish identity (must include a photograph)
  • CURRENT DRIVING LICENCE OR VALID PASSPORT
  • ELECTORAL CARD
For address verification (must be dated within the last three months)
  • UTILITY BILL
  • BANK/BUILDING SOCIETY STATEMENT
All members are encouraged to complete a Nomination Of Beneficiary Form.  Click here to find out more.