Saving – A Healthy Habit

Saving regularly is a good and healthy habit. Putting aside some money – whether £5 or £100 – on a regular basis is the best way to build up savings. Make it a habit by saving some money to help build up a chunk of money that you can use for celebrations, or a rainy day.

It’s that easy.

Calculate how much you can save – we suggest a minimum of £10 per month – then set up a standing order for the same day you receive your money – then it’s been saved before its spent. We can make it even easier by taking it from your wages with our Payroll Savings Deduction Scheme.

Once you’ve joined and been accepted as a member there are different ways to save with us:

  • Set up a regular Standing Order into your CroydonPlus account from your bank or building society.
  • Join the Payroll Saving Deduction Scheme.
  • Or have your Child Benefit paid directly to your savings account, and then you’re eligible to take out a Family Loan.

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.


fscs_biglogoFinancial Services Compensation Scheme

Naturally, you want to know your money is safe. It is.

CroydonPlus – the trading name of Croydon Merton & Sutton Credit Union – is authorised by the Prudential Regulation Authority (PRA), like over 1,700 other financial organisations in the country, and regulated by the PRU and Financial Conduct Authority.

We are also covered by the Financial Services Compensation Scheme which guarantees your savings – up to a value of £85,000 – are protected.

Data Protection

CroydonPlus – the trading name of Croydon Merton & Sutton Credit Union – is also registered with the Information Commissioner’s Office (ICO) – reference number Z9325193 – meaning you can be confident your personal information is safe with us.