Latest news

The latest news and details on PCS Credit Union will be made available from this page. Check back regularly for updates.

UPDATED: 28 November 2017
To improve security all payments are made using BACS so can take up to 4 days to reach your normal bank account from which we collect your monthly direct debit. If you wish to use another account you will need to notify us in writing. After checking the validity of the new bank account details it will be added to your account and should appear in the list of accounts when you complete the withdrawal application on line.

Christmas Cheer 

The Credit Union is offering a Christmas Gift to eligible members.
From 1 November to 31 December 2017
Standard Loan Rate is being reduced from 2% per month to 1.25% per month for all loan applications received (with the supporting paperwork) before the end of December 2017.
Ethical Pay Day Loan Rate is being reduced from 3% per month to 2% per month for all loan applications received (with the supporting paperwork) before the end of December 2017

Click to find our more information on all our loan types.

Contacting the Office 

Please Note : You will be required to confirm your PCS Credit Union Membership number in ALL communication with the PCS Credit Union office (both email and telephone communication).  We will not be able to help with any queries without this information.

Whilst every effort will be made to make ONE telephone line available  from 1100 to 1400 on weekdays (closed weekend and Bank holidays) there will be occasions when this will not be possible and calls will be diverted to an answerphone that is checked at the start of each working day where you can leave a message, which if it includes your Credit Union (not PCS) membership number we will aim to respond to as quickly as possible. The most reliable way to contact us is by email to but please remember to quote your Credit Union membership number.

Christmas 2017

The PCS Credit Union Ltd Office will be closed from midday Friday 22 December 2017 until Tuesday 2 January 2018.

Requests for withdrawals must be received by 10:00 on Monday 18 December 2017 to be paid before Christmas. Whilst any requests received after this date will be processed as quickly as possible the money may not reach the designated account until after Christmas.

To ensure payment before Christmas, the last date for fully completed loan applications with all supporting paperwork to be received is by 10:00 on 4 December 2017.

Online Portal

To increase its progress towards becoming self sufficient the Credit Union will change its focus to providing services through the Online Portal (Internet Banking). Please ensure you are registered so that you can make paperless applications for Loans, Withdrawals and can view your account or download a statement at your own convenience.

The Board are implementing a programme of continuous improvements to the Online services and as more become available may charge to process hard copies to reflect the additional costs incurred.

Changes to the Annual Membership Fee and Minimum Holdings

Because of increased costs and reduction in investment income received, the Directors have decided to make the following changes

  • With immediate effect the minimum holding in a savings account will increase from £1 to £5. Each £1 will still constitute a share and the monthly minimum saving amount remains at £5.

  • From 1 October 2017 the annual membership fee has increased from £1 to £2. This will be deducted automatically from savings accounts in mid-October. Please ensure you have sufficient funds in your account as if there are insufficient funds the account will go into deficit and interest may be charged daily at the highest loan rate, presently 3% monthly (42.6% APR). Under Rule 15C any member without one fully paid up share ceases to be entitled to the benefits of membership.

Deficit Accounts and Debt Recovery

With immediate effect any accounts that go into deficit will be charged interest at the highest prevailing loan rate and instigate court action to recover the debt. The Board has taken this step with great reluctance but has to balance the needs of the individual member with those of all the members. However if you contact the CU when you realise you are experiencing difficulties or respond immediately to any contact from us we will do all we can to help you.

Financial Services Compensation Scheme

PCS Credit Union is covered by the Financial Services Compensation Scheme (FSCS). If we fail, the Financial Services Compensation Scheme (FSCS) protects your eligible deposits up to the deposit protection limit. An eligible depositor is currently entitled to claim up to £85,000.

Your eligible deposits held with us are added up in order to determine the coverage level. If, for instance, you hold eligible deposits in both a monthly savings account and a Christmas savings club account these amounts will be combined. Currently the maximum total savings amount that you can hold with PCS Credit Union is £15,000 therefore you would be repaid the full amount.*
For further information about the scheme please refer to our savings page, the FSCS website or call 0800 678 1100.

*Exclusions do apply.


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