Following unanimous agreement at the two Special General Meetings, Northumberland Credit Union amalgamated with NE First Credit Union from 1st October 2018.
Transfer to NE First: all NCUL members automatically became members of NE First.
Loans: Loans taken out before September 2018 will continue under Northumberland Credit Union conditions and interest rates until they are paid off.
Bank: There is no need to change existing standing orders at this stage, but please switch to the main NEFirst CU bank account when you change your standing order (e.g. when you take out a loan or modify your savings pattern).
Junior Savers: Interest will no longer be paid on junior savers accounts but like adult accounts, they will qualify for any dividend payments .
Paying-in points: will continue unchanged. However we do need more volunteers to keep them going, especially at Berwick, Morpeth and Pegswood. Note NEFirst CU refers to these as “Local Service Centres” so be alert to both usages.
Morpeth office: closed wef 3rd May 2019.
The email@example.com email address will continue to exist until September 2019, but will not be closely monitored from April 2019, so you are advised to use firstname.lastname@example.org
Nic Best ( former Chair of NCUL) has been elected to the Board of NEFirst CU Board and is happy to pass on feedback from members in Northumberland, so if you have any issues on concerns, please let him know about them.
Thank you for supporting Northumberland Credit Union and please do become an active member of NEFirst CU.