£1,500 payment to the nominated beneficiary of a member, following their death.
The Benevolent Scheme is only available to members of credit unions affiliated to the Ulster Federation of Credit Unions.
A simple claims process to ensure rompt payment and ease the burden at an already difficult time
The scheme will be launched from Monday 29th April 2019, for participating credit unions.
All members who joined their Credit Union before Tuesday 15th January 2019 will automatically be covered by the scheme.
To benefit from the scheme, members need to make an annual contribution of £10.00 as part of their membership of their Credit Union.
The Ulster Federation of Credit Unions has absolute discretion in the payment of all grants from the Benevolent Scheme to ensure compliance with the rules of the Scheme.
The Benevolent Scheme is just one of the benefits of being a member of an affiliated Credit Union of the Ulster Federation of Credit Unions.
