| Following the AGM on the 19th of December 2024 a dividend of 2% has been added to all eligible members share accounts.
The decision was also made that sadly we must slightly raise our interest rates on all NEW LOANS from its present 0.5% per month to a new rate of 0.65 % per month. This is a decision that we did not take lightly. We have as a board held off from any rate rise, in fact we reduced rates 3 years ago, but due to rising costs of insurance, IT, salaries, energy etc, we can no longer afford to sustain the 0.5% rate and remain competitive. This new rate will be applied to all NEW LOANS from the 1st of January 2025. Our incentive scheme on membership, where new members and their proposers each receive £25 will end on January 31st. If you wish to take advantage of this offer then please do so ASAP. We will close at 15:00 hrs on Tuesday the 24th of December 2024 for Christmas. We will open on Thursday the 2nd of January 2025. Can we take this opportunity to thank you all for your support and to wish you all a very Merry Christmas and a Happy New Year. |
