Terms & Conditions

Adult Membership 

  • A member in receipt of benefits or salary can open a savings account at any time.
  • Each new adult member of Just Credit Union will automatically have a savings account opened in their name.
  • The first deposit into the account should be at least £5. This covers the one-off membership fee of £4 plus a minimum of £1 to open the account.
  • The minimum required balance in this account is £4 to keep it open. This level of savings must be obtained within 6 months of the account being opened.
  • If the minimum level is not attained within 6 months Just will close the account. You will be contacted prior to us taking this action and given the option of meeting the minimum requirement or closing your account.
  • Members qualify for an annual dividend subject to one being paid.
  • FREE life insurance pays £1 for every £1 saved - doubling the amount deposited by members under the age of 65 up to a maximum of £5,000. Deposits made by members over the age of 65 are not covered by free life insurance.
  • Regular savings of £5 per week are normally required to keep the account active.
  • Members may close their savings account at any time by completing a Closure of Account form. Just Credit Union reserves the right to require a maximum of 30 days notice of the account closure.
  • Members closing their savings accounts automatically end their membership and cease to be shareholders in Just Credit Union.

Junior Membership

  • Junior Saver accounts can be opened by adults for children from birth up to the age of 16 years.
  • Proof of identity is required to open a Junior Saver account. If the account is being opened by a parent or adult who is already a member of Just then either the child’s birth certificate OR NHS medical card are sufficient. If the adult opening the account is not a member then in addition to the child’s birth certificate OR NHS medical card he/she will also need to provide a utility bill OR bank statement to confirm their name and address.
  • Parents, guardians, relatives and friends can also deposit savings into the account in cash, by cheque, standing order and payroll deduction.
  • There is no minimum savings requirement for young savers.
  • Junior Savers under the age of 8 must be accompanied by an adult to withdraw money from their account.
  • Junior members can administer their account from the age of 8 years.
  • Withdrawals can be made at any time from Just’s main office.
  • As junior members of Just all Junior Saver account holders are entitled to receive an annual dividend payment.