CREDIT UNION

RMT Credit Union RMT ADVANCE a great new savings & credit account for RMT members The RMT ADVANCE account is a great new way for RMT members to have access to a guaranteed lump sum once or twice a year, while building up a savings reserve. The key features of the RMT ADVANCE account are: • A fixed monthly premium which guarantees a yearly cash Advance paid directly to you • You can set up two schemes so that you have a payout to coincide with the Christmas and summer holidays • Choose the premiums and cash advance to suit your needs • Continual growth of a cash reserve which attracts a dividend to boost savings • The premiums are structured so that in each 12 months you have repaid the value of your Advance in full. By paying the regular premium of your choice you set up a credit agreement for the Advance that will generate an automatic payment to you at the following times: • Christmas ADVANCE paid on the second Friday of December • Summer ADVANCE paid on the second Friday of June This will mean that you will have ready cash available for the Christmas spending spree or your summer holidays, or both. The RMT Advance loan is at a very low cost 9.9% APR, which is extremely good value. For every £100 you borrow you will only pay £5.48 in interest over the 12 months. Of course your savings also attract our Credit Union dividend (equivalent to interest) which in the last 2 years has been 3%. This means that while you have access to a guaranteed lump sum, your savings will continue to accumulate. The RMT ADVANCE account offers great value and benefits for RMT members. If you wish to apply for an account please complete the application form attached. • You can still get a Christmas 2007 advance if you submit your application before 12th May 2007, but the savings accumulated in the first year will be reduced compared to those illustrated below. • For a Summer ADVANCE 2008 we will need your completed application before 12th November 2007 so that we can get your premium payments established. Don’t forget to include your proofs of identity and address, which are required by law. We will return your documents straight away, or you can send us copies if they are verified by your branch secretary or employer etc. 30 s g niv a S d e talu m u c c A ts o c tid e r C n a l P 5 r a e Y 3 r a e Y 1 r a e Y r a e y r e p e c n a v d A m ui m e r P A 0 5 2 £ 7 2 £ 4 6 5 £ 4 4 4 £ 4 2 3 £ 0 7 . 3 1 £ B 0 0 3 £ 1 3 £ 6 1 6 £ 6 9 4 £ 6 7 3 £ 4 4 . 6 1 £ C 0 0 4 £ 0 4 £ 2 2 7 £ 2 0 6 £ 2 8 4 £ 2 9 . 1 2 £ D 0 0 5 £ 9 4 £ 7 2 8 £ 7 0 7 £ 7 8 5 £ 0 4 . 7 2 £ E 0 0 6 £ 8 5 £ 3 3 9 £ 3 1 8 £ 3 9 6 £ 8 8 . 2 3 £ F 0 0 7 £ 7 6 £ 8 3 0 , 1 £ 8 1 9 £ 8 9 7 £ 6 3 . 8 3 £ G 0 0 0 , 1 £ 3 9 £ 5 5 3 , 1 £ 5 3 2 , 1 £ 5 1 1 , 1 £ 0 8 . 4 5 £ H 0 5 2 , 1 £ 5 1 1 £ 9 1 6 , 1 £ 9 9 4 , 1 £ 9 7 3 , 1 £ 0 5 . 8 6 £ I 0 0 5 , 1 £ 7 3 1 £ 2 8 8 , 1 £ 2 6 7 , 1 £ 2 4 6 , 1 £ 0 2 . 2 8 £ THE TABLE BELOW DEMONSTRATES THE SIGNIFICANT BENEFITS OF THE RMT ADVANCE ACCOUNT Your savings accumulate year after year You can have a Christmas or summer payout, or both To achieve the full savings benefits illustrated you will need to have been saving for 12 months prior to the Advance, so get your application in as soon as possible. The table demonstrates the savings accumulated for full payment of 12 premiums from year 1 All premiums are rounded to nearest £ for the purposes of illustration. You will be informed of the precise premium. The premium will repay the Advance within 12 months while you continue to save £5 per month. Let us know if you wish to save more. The accumulated savings illustrated assume premiums are paid for a full 12 months before the first Advance.