Right Way Credit Union
41 High Street, Paisley
Everyone benefits from regular saving; it allows you to work towards your goals and gives peace of mind for emergencies.
Regular saving can be difficult but at Right Way Credit Union it’s easy, with local access at convenient times and places.
How to make deposits:
Pay in through any of our local branches
Set up a standing order mandate through your bank account.
*Please note when setting up the standing order you must use your member number as reference. The reference must remain the same while you are making deposits.* Download a form here.
The credit union cannot accept third party cheques. All cheques must be made payable to Right Way Credit Union
How much do I need to pay into the credit union?
You can pay in as little as £2 per week but you need to keep a minimum of £5 in your account to keep it active.
What’s the maximum I can save?
The maximum amount that a member can currently save is £15,000 or 1.5% of the total Non-Deferred shares, whatever is greater.
When can I withdraw my money?
Instant withdrawals up to £500 cash, for more than £500 24hrs notice is required and it will be issued as a cashable cheque or directly into a bank account.
Online/Telephone share withdrawals will be paid in to members nominated bank account, this is the account that the credit union have on file for you. If you wish to check this information before requesting a share withdrawal you can call the office on 0141 889 7442.
Please note: Share withdrawals will not be processed If you do not have a nominated bank account. If you need to update or change your nominated bank details you will have to come in to our office in Paisley to do this, please bring along your bank card or bank statement to update this information.
Share withdrawals can only be actioned by the account holder, should you wish to register a Power of Attorney please see links below as guidance on what legal documentation we will accept.
Can I lift out my savings whilst I have a loan running?
When you have a loan running your savings are held as security against your loan, this means that no share withdrawals can be processed whilst your loan balance is higher than your savings balance, for more information please send us an email to firstname.lastname@example.org
Is my money safe in the Right Way Credit Union?
Yes. Right Way Credit Union is authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and the Prudential Regulation Authority Firm Ref: 446350. As part of the Financial Services Compensation Scheme (FSCS) your savings up to £85,000 are safe”