Loan Provider Account
This account is designed to encourage a savings culture in keeping with our philosophy, whilst also assisting you in qualifying for personal loans.
New members are required to operate a Loan Provider (LPA) account and contribute a minimum of $5.00 per week. The weekly contribution may increase as a condition of an approved loan.
Funds in a LPA are available for use at anytime providing you don’t have an existing loan. Once a loan application is approved all LPA funds are frozen and can’t be accessed until the loan is repaid in full.
Consider these options when your LPA funds become available for use after paying off your loan:
Take out a term investment with UCU.
Apply for a secured personal loan using your LPA funds as security. Quick approval is guaranteed.
Check out our interest rates for term deposits and savings secured loans by clicking here or call us for more information about making your loan provider work for you.
