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Membership criteria

Iain Tonks - CroppedMembership of CroydonPlus savings and loans co-operative is open to:

Click here and search for your postcode to see if your home, workplace or school is within our area.

There is a one-off non-returnable entrance fee of £5 charged on joining.

A minimum balance of £5 must be maintained at all times.

ALL membership applications – online or on paper – must be accompanied by two proofs of identification.

If you meet membership criteria above, you can Join Online today. Your application will be processed on the next working day.

If you know of someone who is under 16 and would like to help them start saving, a Junior Savers account is a good option.

If you do not fulfil our criteria for membership, please click here to find your nearest Credit Union.

Why should I join?

Joining CroydonPlus is a great way to start managing your finances, by saving regularly and providing access to loans you can afford to repay.

A credit union is based on local people helping each other. One person’s savings is loaned to another member. The interest the borrower pays goes back into the credit union for the benefit of members.

  • We have no external shareholders or Fat Cats – and only members can be Board directors.
  • We encourage all our members to save something every month, however small.
  • We won’t let you borrow more than you can afford.
  • We won’t charge you exorbitant interest rates and there are no hidden charges.

At its very heart, a credit union is a way of encouraging the people in a community to take control of their finances, to save some money for those unexpected or hoped for items and to borrow money responsibly.

If you’re working for, or receive a pension from, any of the employers below you can also sign up to our Payroll Deduction Scheme and start saving directly from your pay packet:
Croydon Churches Housing Association logo

  • AmicusHorizon
  • Circle Housing
  • CroydonPlus
  • Croydon Care Solutions
  • CCHA
  • Croydon_Council_P260[2][1] - CopyCroydon Council
  • First Security Guards Payroll
  • Good Shepherd School
  • Harris Academy
  • IRV_logoInterserve
  • Merton & Sutton Pensioner
  • Merton Council
  • Merton Teachers
  • Octavo
  • sutton_logo1Ravens Wood School
  • St Cyprians
  • STEP Academy
  • Strictly Education
  • Sutton Council
  • Sutton Housing Partnership

Become a member

If you’re eligible to be a member Joining Online is quickest and you can do it now. It’s quickest if you have your driving licence and passport nearby. Your online application will be processed on the next working day.


You can also download a Membership Application Form and return it to us along with a completed Standing Order Mandate and a cheque for £10 to cover the one-off joining fee and initial deposit, made payable to ‘CMSCU’. You’ll need to provide proof of identification as well. If you work for one of the organisations listed above you can download a Payroll Deduction Form to start saving directly from your salary.

Alternatively you can contact us to request a membership information pack to be sent by post.


Junior Savers

Do you have children, grandchildren, or a young relatives living with you at your address in Croydon, Merton or Sutton?

Would you like to encourage them to:

  • Learn how to manage money
  • Realise the value of saving

If so then you can encourage them to save by opening a Junior Saver account on their behalf. A Credit Union Member opening a Junior Saver account will normally be the Trustee of the account until the person reaches the age of 16. Alternatively you can nominate another person as the Trustee.

Call us on 020 8760 5711 or drop us an email at to find out more. Please note, our rules require the young person to be living at the same household as the nominating Credit Union member.


Christmas Savers

Attention all members!

CroydonPlus Credit Union also offers Christmas Saving Accounts. You can save as much as you like, whether monthly or weekly, via Standing Order or Payroll Deduction.

Please note that the Christmas Saver Account is a SAVINGS only account and funds in this account will only be released in November, December or January. If at the time of withdrawal you have a loan which is in arrears, we will use the funds from this account to clear the balance of the arrears before releasing any remaining funds to you. No loans can be issued on this account and you can only open a Christmas Saver Account if you are already a member of the credit union with a regular Share Account.