Griffon Community Bank

Saving and Borrowing Made Easy

Apply online(We will need to see your proofs of indentity.)

 

Terms & Conditions

Griffon Community Bank offers you the opportunity to save and borrow money. These services are administered and provided by Norfolk Credit Union.

Norfolk Credit Union Ltd

  • is a financial co-operative which is owned and democratically controlled by its members and run solely for the benefit of its members
  • is run by a team of trained volunteers elected by the members
  • welcomes new volunteers, with full free training provided
  • is a member of the Financial Services Compensation Scheme, which means that your money is as safe as in any Bank or Building Society.

Borrowing made easy

Don't pay more for loans with high cost providers such as store cards, credit cards or doorstep lenders.

  • no minimum loan amount
  • no arrangement fee
  • no early-repayment penalties
  • flexible payment periods
  • loans usually covered by free life insurance*

The interest rates for a loan with Norfolk Credit Union Ltd are between just 1% per month
- 12.68% APR and a maximum of 2% per month
- 26.8% APR, whatever the size of loan.

Repayment Plan Examples

Figures provided by Norfolk Credit Union Ltd, based on a rate of 1% per month - 12.6% APR.

Amount Borrowed

Repayment Period

Monthly Payment

Overall Interest

Overall Repayment

£100

12 months

£8.89

£6.57

£106.57

£1000

24 months

£47.07

£118.45

£1118.45

*Insurance may be subject to conditions please check with Norfolk Credit Union for details

Saving made easy

  • join the scheme for £1
  • save what you can, whenever you can afford to
  • save for Christmas, special occasions, holidays or for the future
  • put money into your account by standing order, by cheque or by PayPoint card at one of many outlets
  • a dividend on the amount of savings held is paid annually, however, these cannot be guaranteed
  • a period of notice is required to withdraw funds. This can be up to a maximum of 60 days but is typically within 7 days
  • savings are usually covered by free life insurance*

*Insurance may be subject to conditions please check with Norfolk Credit Union for details

How it works

Can I join?
Anyone over the age of 16 who lives or works in Norfolk can join.

Can I have a Loan?
Members can apply for a loan as soon as they join, but Norfolk Credit Union Ltd will decide whether your application is accepted.

Can I have a savings account?
Yes! Members can save on a regular basis whatever they can afford. You can put money into your account with a standing order, cash or cheque, using internet banking or with a PayPoint card.

How do I Start?
You can fill in the membership online (although we will need to see you to check your proofs of identity).

Application forms are available from the Griffon Partnership office at Brentnall House, 32 Vicarage St. North Walsham NR28 9DQ

Or contact:

Norfolk Credit Union Ltd
South Norfolk House
Swan Lane
Long Stratton
Norfolk
NR15 2XE
01508 533842

mailto:info@norfolkcu.co.uk

Downloadable documents.

Click on the document names below to view in a new window.