Welcome to the February edition
In this edition, we share some interesting facts about the borough of Hounslow, one of the areas that we serve.
We also share why rising inflation rates can actually be good for your finances.
In other news, we were awarded partnership status by the Illegal Money Lending Team (IMLT) nationwide for the ‘Stop Loan Sharks’ campaign. Get more on this in our ‘Thamesbank Credit Union is biting back against loan sharks’ news article.
We are now offering a loan top-up to our members who have a child benefit loan. Find out more in our ‘Get a loan top up’ news article.
Lastly, don’t forget to refer a friend or colleague and get rewarded either £25 or £50.
With kind regards,
Thamesbank editorial team
Thamesbank Credit Union is biting back against loan sharks
Thamesbank was recently awarded partnership status by the Illegal Money Lending Team (IMLT) nationwide.
We are lending our support to the national campaign, ‘Stop Loan Sharks’, aimed at tackling loan sharks and raising awareness of where people can seek help.
A loan shark is someone who lends money without authorisation from the Financial Conduct Authority (FCA). They often tend to initially appear friendly and helpful but can then turn to violent and aggressive behaviour to force victims to repay the loans with huge interest and extortionate penalties.
Learn more about the ‘Stop Loan Sharks’ campaign from our website.
Why now is a good time to ask ThamesBank Credit Union for a loan
It is commonly believed that a high rate of inflation is a bad thing for families’ finances. However, this is not entirely true. If you are a borrower, rising inflation can actually be good for your finances. Find out why from our website.
How well do you know Hounslow?
Hounslow is one of the areas that we serve as Thamesbank Credit Union.
Did you know that according to the 2011 census, over 43% of people in Hounslow were born outside the UK and it is one of the most diverse London boroughs with over 100 languages spoken?
This is one of the interesting facts about the borough. Learn more about Hounslow from our website.
Get a loan top-up
We are now offering our members a top-up of £250 after three months and a second top-up of £250 after a further three months on their loans. After the second top-up, they will need to then wait to clear the loan and can then start the process again.
How do I top up my loan?
Simply contact us to let us know that you would like to top up your loan and we will do the rest. You can also do this on the Members Area of the website.
Which loan does it apply to?
This only applies to your Child Benefit Loan if you borrowed £500.
Words of wisdom
“If you can get paid for doing what you love, every paycheck is a bonus.”
– Oprah Winfrey
With our Salary Saving Scheme, you can pay yourself first so that you can have some money set aside for a rainy day. Find out more. Also, you could get a reward of £50 when you refer a colleague, friend or relative.
Annual General Meeting – save the date
We will be holding our AGM on 21 March 2022. More details will be sent out to you at a later date via email. Please be on the lookout in your inbox for this email. We look forward to seeing many of you there.
Refer a colleague and get a £50 bonus
Get rewarded for referring a friend or colleague to Thamesbank. If you refer a colleague, you and your colleague will be rewarded with £50. If you refer a friend where they join and borrow, both of you will get £25. You can get more details here. Offer ends on 30 April 2022. Terms and conditions apply.