Membership

Membership Account

Our basic savings account available to all members

We rely on members to build a bigger and better credit union for the benefit of all. As a member, you will share our profits and earn dividends on your savings, funds in your account can act as security for better loan deals (Multiplier Loan, Savings Secured Loan), and you will also benefit from free life insurance at no direct cost to you (terms and conditions apply).

  • I am aged 16 years or over
  • I am an employee of the transport industry including logistics and air-side employees
  • OR a member of Unite the Union
  • OR a family member of an existing Voyager Alliance Credit Union member (You must be living at the same address as your family member sponsor)

  • Save easily though payroll deduction (available to most members).
  • Loan repayments will be taken from your Membership Account if you decide to borrow from the Credit Union.
  • Savings here will continue to build by a minimum of £5 per week if you take out a loan, meaning you will always have some savings once your loan is cleared.

Free Life Insurance:

As a Member of Voyager Alliance Credit Union you will be automatically covered by our Life Insurance Policy at no direct cost to you. In the event of your death, any savings you may have with Voyager Alliance Credit Union is doubled up to a maximum of £20,000 for members up to the age of 64. (See example 1a and 1b)

Members over the age of 65 and up to 79 can expect to receive an additional 25% of their savings balance up to a maximum of £5,000. (See example 2a and 2b)

Example

Age at claim

Total Savings Balance

% of Insured Balance*

Benefit

Total Paid to Next of Kin

1a

18-64

£12,500

100%

£12,500 (100%)

£25,000

1b

18-64

£22,000

100%

£20,000 (maximum)

£42,000

2a

65-79

£12,000

25%

£3,000 (25%)

£15,000

2b

65-79

£22,000

25%

£5,000 (maximum)

£27,000

*Insured Balance: Maximum claim is £20,000 age 18 through 64 and £5,000 (25% of £20,000) age 65 through 79.

Life Insurance on savings does not cover members over the age of 79.

For full terms and conditions or more information about the policy, please click here.

Data protection statement:

In accordance with the principles of the Data Protection Act 1998, we will use your personal details for the purposes of managing your accounts with Voyager Alliance Credit Union.

Under the Distance Marketing Directive, you have the right to cancel your savings account within 14 days of opening without incurring financial or other penalty.