Changes to Family Loan Policy
As you will be aware, to assist members during the initial Covid-19 lock-down period, we relaxed the rules relating to top ups and access to savings.
We are now notifying members that from the week beginning 3rd August 2020, we are returning to our original policy.
- Family Loan top-ups will only be available once the existing loan balance is down to £330 or below.
- Savings in share 2 savings account can only be withdrawn once the loan has been cleared or the balance reaches £50.
These changes are designed to assist members to once again build up savings balances in time for Christmas.