Savings in a credit union are known as shares
and these share savings are the working capital of the credit
union.
Members of credit unions pool their savings which then provides
a pool of funds from which loans are made.
Regular savings with your credit union can help you to build
up a substantial savings account.
The table below shows how your savings can accumulate and
does not take into consideration any dividend which might
be due.
| Years |
£2
p/wk |
£5
p/wk |
£10
p/wk |
£20
p/wk |
£25
p/wk |
| 1 |
£104 |
£260 |
£520 |
£1,040 |
£1,300 |
| 2 |
£208 |
£520 |
£1,040 |
£2,080 |
£2,600 |
| 3 |
£312 |
£720 |
£1,560 |
£3,120 |
£3,900 |
| 4 |
£416 |
£1,040 |
£2,080 |
£4,160 |
£5,200 |
| 5 |
£520 |
£1,300 |
£2,600 |
£5,200 |
£6,500 |
|
|
|
