Hertsavers Annual General Meeting 2021

We will be holding our next Annual General Meeting (AGM) on 25 March 2021 at 6.30 p.m. via Zoom.

The Agenda is below and the Minutes of the last AGM can be viewed here.

Agenda

1. Welcome
2. Apologies for absence and confirmation of quorum
3. Minutes and Matters Arising from the AGM on 28 March 2019
4. Board of Directors report
5. Auditors Report
6. Dividend Recommendation
7. Appointment of Auditor
8. Nomination of Directors and election to Board
9. Any Other Business

To get the meeting link, please email us and we will send it to you.


Nominations open for Directors at Hertsavers Credit Union

We are recruiting for Directors to join our board. All appointments to the Board will be approved by members at the 2021 AGM.

To apply, please email us at office@hertsavers.co.uk with the subject line “Board Director for Hertsavers Credit Union 2021”, with a cover note about why you would like to become a director and a CV with your background and experience.

We look forward to seeing you there.

Christmas opening hours 2020

Our offices will be closed from midday on Thursday 24 December 2020 and will reopen on Monday 04 January 2020. Any share withdrawals and card transfers that are made during this period will be completed on our return to work.

To guarantee a loan to be in time for Christmas, the application and any supporting documents will need to be in by Wednesday 16 December 2020.

Share withdrawals to be guaranteed before Christmas needs to be in by 23 December since 24 December will be the last payment day until we reopen in January.

To make a share withdrawal, all members must now use the Members’ Area.

Loan sharks attack surfers on social media

Did you know that one on five victims find their loan shark on social media?

The number of loan sharks has increased on Facebook, Instagram and Snapchat to advertise their illegal loans and target potential victims.

The loan sharks lure people in with attractive loan offers and won’t ask for paperwork or credit checks. They will quickly resort to intimidation, threats and violence to enforce repayment and trap borrowers in a spiral of debt.

With Christmas around the corner, more and more people will fall into such a trap. Therefore, we are supporting the Stop Loan Sharks Week Campaign  (#SharkFreeSurfing), from 3o November to 04 December 2020, to raise awareness of the dangers of such loan sharks and help people access advice and support if they have fallen victim to this crime.

Here are some ways that you can spot a loan shark.

If you have been a victim of illegal money lending, or are concerned about someone you know, please contact the Stop Loan Sharks 24-hour helpline on 0300 555 2222 or visit www.stoploansharks.co.uk.

Healthy Start Vouchers scheme – are you eligible?

Image source: Healthy Start

Did you know that there are over 5,000 Hertfordshire families who are missing out on £100s of food and milk vouchers?

According to the latest NHS figures, there are 8,700 Hertfordshire families who should be getting Healthy Start Vouchers and less than 3,400 are.

If you are at least 10 weeks pregnant or have a child under four years old you could be entitled to Healthy Start Vouchers worth £3.10 per child per week, to spend on milk, plain fresh and frozen fruit and vegetables, and instant formula milk. You can also use them to buy pulses and canned fruit and vegetable as long as they have no fat, salt, sugar or other flavouring added. The vouchers can be redeemed at local retailers.

If you are entitled to Healthy Start Vouchers you will also get free vitamins designed to help pregnant and breastfeeding women and growing children.

Pregnant women and every child over one and under four years old can get one voucher every week. Children under one year old can get £6.20 per week.

To be eligible you should be in receipt of certain means-tested benefits. Check your eligibility here.

For example, a parent with a new baby and a three-year-old could get vouchers worth almost £500 a year.

You can still receive the vouchers if you live with your partner and they receive one of these benefits or you are the dependent child of someone who receives them. If you are pregnant and under 18, you do not have to be in receipt of any benefits to qualify.

Take-up of the vouchers is very low, around 40 percent, so check you are entitled as soon as possible to prevent missing out. You can pick up an application leaflet at your GP’s or baby clinic. Alternatively, you can phone for a form on 0345 607 6823 or download and print one here.

Due to COVID19 restrictions, the form does not need to be signed by a health professional.

You can also use the benefit-checker on the County Council’s website, and access free information about benefits that you might be missing out on. www.hertfordshire.gov.uk/benefits

You can get more information about Health Start on their website.

Key worker loans now launched

At Hertsavers, we believe in building a community and appreciate all the effort, dedication and hard work that has been carried out by our key workers.

To express our gratitude, we have introduced a new loan, the Key Worker Loan, for all key workers including NHS, Council, Emergency and School staff.

The Key Worker Loans of £1,000 is repayable over up to 60 months at just 0.5% per month interest (6.3% APR). Loans are subject to affordability and credit checks.

New members joining and saving through payroll deduction can get up to £2,000 unless they are a homeowner in which case, they can borrow £3,000.

New key worker members joining and saving through a standing order, will be restricted to loans of £1,000.

Key Worker Loans may be added to existing loans providing affordability checks are satisfied. Any combined loan will attract the new loan rate of 0.5% (6.3% APR).

To apply, complete the form.

Herts Urgent Care take advantage of payroll deduction scheme

The fight against COVID-19 has seen one semi-retired GP, Dr Richard Norris, a Herts Urgent Care (HUC) out of hours GP from Bedford, return full time to the frontline.

We are proud to announce that HUC is now one of the employers whose staff can save with Hertsavers Credit Union through a deduction from their payroll.

New members employed at HUC can apply for an Introductory Loan of up to £2,000 repayable over up to 60 months.

Apply for a loan today.

 

Child Benefit Loan top up scheme – a huge success

Since its launch in April 2020, we are pleased to announce that our Child Benefit Loan top-up scheme has been a huge success, in particular with parents in Stevenage, who are taking full advantage of this great innovation.

Just three months after you take your Child Benefit Loan, you can top up your loan by a further £250 and after another three months a further £250 top up.

Our regular top-up is just another reason to refer your friends and earn the £50 referral bonus. You can find out more about the referral scheme here.

To apply for a loan top-up, email us on admin@cus.coop.

Open Banking

Open Banking is an easy and safe way which enables Hertsavers to review your bank statements when you apply for a loan.

All you need to do is to give us your permission and we log into a secure connection and view them online, therefore, saving you the hassle of printing, scanning and emailing dozens of pages.

With editable forms, Open Banking and faster payments, we have made applying for and getting a loan as simple as it can be.

Learn more about Open Banking from the video below:

(Source: Open Banking)

Take advantage of a loan top-up

From April 2020, Child Benefit Borrowers will be able to top up their loan by £250 after three months and after a further three months, a further £250. Commitment to savings will remain and as usual, savings may not be withdrawn while you have an outstanding loan.

If you want to top up your loan, please email us on admin@cus.coop.

Member referrals for Child Benefit borrowers

Members that refer a new member to Hertsavers for a Child Benefit Loan can now claim a £50 referral bonus for themselves and the new member will also receive a £50 bonus as well.

Our Child Benefit Loan service is the most popular loan that we have and last year we loaned out almost £500,000 to our members. This year we are already on target intended to significantly beat that.

You can help by referring your friends that are in receipt of Child Benefit who need a loan. All that they need to do is put your name on their application form in the box labelled “Promo Code”.

As soon as we pay their loan, £50 will be added to both of your accounts with the credit union. Neither payment can be withdrawn for six months by which time they will be ready for their next loan.

Child Benefit Forms are available from the website.

Terms and Conditions apply.