Find out how to save with the Credit Union

Share Accounts

When you save with us you are building a history which will be taken into account in the future should you wish to apply for a loan.

The money you save with us is used by the credit union to fund the loans it makes to members. By saving with us you are indirectly helping your neighbours and the community to develop.

Please note that we have a members savings cap of £15,000 which includes up to £5,000 EasyShares (these amounts are subject to change). We would also like to advise that savings are now capped at £500 per month (Shares & EasyShares). These figures are kept under review by the Board of Directors.

You can withdraw your savings provided they are not pledged as security on a loan.  However, you are encouraged to keep your savings intact, so that:

  • They continue to earn a dividend.
  • They continue to benefit from the Life Savings Insurance Protection (Terms & Conditions apply).

EasyShare accounts are savings for a particular purpose. For example: Christmas; Easter; Holidays; Weddings; Celebrations, such as birthdays etc.

Whereas your regular savings may be held back as security for a loan, your EasyShare savings are available whenever you need them – whether you have a loan or not.

This is a unique facility for credit union members.  Credit unions have a nomination facility whereby if you are over 16 years of age, you can nominate someone to receive the property of your credit union accounts upon your death.  This is of benefit if the member dies without leaving a will as the property left in the credit union will not have to pass through the sometimes timely intestacy process. For further information ask any member of staff.

If you’re not a member already, why not think about joining today?

Encouraging children from an early age to save and get the saving habit can help them to take control of their finances in the future. IT IS NEVER TOO EARLY to start saving for your child’s future.

To open a minor deposit account you will need a birth certificate or medical card and the parent/guardian will need to show proof of address. If the minor is 7 or over they will also need to sign the application form.

Hannahstown Credit Union also visits St. Oliver Plunkett School on a weekly basis and children are encouraged to deposit money this way.

The maximum amount children can deposit is £10,000. Minors can earn interest on their savings each year.

The Stay Warm savings stamp scheme is available to all our members and is operated in association with Belfast City Council. You can find out more about the scheme on the Belfast City Council website. Members can buy oil stamps from our counter - these cost £5 each.

How to apply

How To Apply


If you're not a member talk to us today about joining the credit union and opening a Share Account.

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If you would like more information on Share Accounts and saving with Hannahstown Credit Union please contact us today.

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