CANCELLED – Annual General Meeting 2020

Dear members,

We have been closely monitoring updates on the spread of the Coronavirus. The health and safety of our members is our first priority so we have made a decision to cancel the AGM which was to take place on Thursday 26 March 2020.

Thank you for understanding and support.

With kind regards,

M for Money Credit Union team

Coronavirus Contingency Plan

Dear Member,

Due to the Coronavirus, we may need to change our work practice due to reduced staffing or staff working from home.

The rate at which emails are received has significantly increased with more members requesting withdrawals. This increase in emails means that the time we take to respond may increase and hence your withdrawal may take longer than usual.

By far the quickest way of getting a share withdrawal is through the Members Area on the website. If you have yet to register for the Members Area on the website you should do it straight away. You can register here.

Members Area share withdrawals are processed on a daily basis and if submitted before 9 am will show in your bank account the same day or after the next working day. By comparison, email requests for share withdrawals could take up to three working days.

Kind regards,

M for Money Credit Union team

Member referral scheme for Child Benefit borrowers

Members that refer a new member to M for Money for a Child Benefit Loan can now claim a £50 referral bonus for themselves and the new member, who will also receive a £50 bonus.

Our Child Benefit Loan is the most popular loan that we have whereby last year we loaned out almost £500,000 to our members. This year we are already on target to significantly beat that.

You can help by referring your friends that are in receipt of Child Benefit who need a loan. All they would need to do is put your name on their application form in the box labelled “Promo Code”.

As soon as we pay their loan, £50 will be added to both of your accounts with the credit union. Neither payment can be withdrawn for six months by which time they will be ready for their next loan.

Child Benefit Forms are available from the website.

Please note that Terms and Conditions apply.

Building a community

The strength of the communities that we live in relies very heavily on the ability of the members that live there to access finance when confronted with unexpected disasters. This is sometimes referred to as resilience or the ability to recover quickly.

Members of M for Money, when faced with a financial challenge, are more likely to be able to access money from their savings or by taking a credit union loan than those people living in an area with no access to affordable credit.

The more people that join the bigger we get and the better the service that we can provide for our members. So, no need to be shy, tell your friends about M for Money and let’s make it grow as our community grows.