RMT CREDIT UNION: THE FIRST TEN YEARS!

This December RMT’s Credit Union reaches its tenth anniversary and to celebrate it is offering an ipad to anyone who joins between now and February. If you are an RMT member all you have to do to join is fill out the application form at the back of this magazine or contact the Credit Union direct and start an account from as little as £5 a month. You will be joining a growing number of members that can avail themselves to the services of the union’s very own bank. The Credit Union was set up following a decision of the union’s Annual General Meeting in 2004. The Council of Executives immediately formulated a plan, starting with an inaugural meeting to elect trustees and directors from amongst the volunteers involved. RMT general secretary Bob Crow was an enthusiastic supporter of the Credit Union and the union found space at Unity House for it to operate from and paid for an administration worker. From these humble beginnings grew a vibrant and much loved institution. It is very much a part of the union in its ethos and culture being a fully democratic operation, driven and run by the members and for the members. Over the least ten years it has continued to grow and today it has around 2,500 members and holds over four million pounds in its portfolio. Credit Union president Mick Lynch said that the principles behind the Credit Union are sound and fit in very comfortably with the union’s ethos. “As our membership has grown so have the services we can offer.” This shows just how ambitious we are and we plan to grow and develop further. “Ultimately why would you invest your hard earned cash in the profit grabbing bankers and their mates when you could put it into a credit union that offers ethical saving with competitive interest rates?” “Then the money you put in is used to offer low cost loans to support your work and union sisters and brothers at times of greatest needs,” he said. RMT Credit Union members are able to save as little or as much as they can afford, knowing that the money they put in will benefit RMT members, their families and not the big financial institutions. As well as standard savings accounts RMT members and their families can save for their child or grandchild’s future with a Junior Deposit Account or save short-term for Christmas or the expensive Summer Holiday period. All the directors of the RMT RMT helpline 0800 376 3706 :: november/december 2014 :: RMTnews 10 December 10 2014 Unity House 1300hrs Open to all Credit Union Ltd Members 39 Chalton Sreet London NW1 1JD RMT CREDIT UNION: THE FIRST TEN YEARS! To celebrate our tenth birthday you could win an ipad mini if you join the RMT Credit Union! RMT CREDIT UNION LTD Annual General Meeting Prize donated by UIA Gabriel Leke Credit Union president Mick Lynch and administrator Nicky Hoarau