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Your local ethical credit union owned by its members and run for its members

Savings Savings


Why save?

Why is getting into the habit of saving such a good idea? Putting aside money is an important first step in planning for the future. It provides something to fall back on when the unexpected happens and helps give peace of mind.

In today's world, many bills are paid annually (e.g. car insurance & servicing) and it is a lot easier to pay if you have been saving for them every month.

We at Berkshire Credit Union encourage you to get into the habit of saving, by putting some money away regularly, however small the amount.

By becoming a saver at Berkshire Credit Union, you could receive a dividend (an equal share in our profits), have a say in how we run the organisation, and become more likely to be eligible to for a loan at a good rate of interest.

Unlike other credit unions we don't charge an initial set up fee.

You can also open joint accounts (this also gives you an advantage when applying for a loan).

After you have made your initial investment of at least £10 to become a member, you can save regularly from as little as £1 per week up to a maximum savings of £15,000 (or £30,000 for joint accounts)

We have the following accounts

Ready to open an account with us?


You can now join our Credit Union online.

Just fill out the form.


Alternatively, you can download the application form, fill it out and join in our local contact point.

Click to DownloadDownload Membership Application Form (67.8kb)

The membership application form is a PDF document and Adobe Acrobat Reader is required to the view it. Adobe Acrobat Reader can be downloaded for free by clicking on the Get Acrobat Reader icon.

To become a member you will need to fill in Membership Application Form, which you can download by clicking on the link below, and bring it with you to the credit union office, along with following:

  1. Photo ID - Passport or Drivers Licence
  2. Proof of Address - Utility Bill or Bank Statement
  3. Initial deposit of £10 (cash or cheque)

Our credit union lets people in the community come together to save and borrow money at low rates, and is operated on a not-for-profit basis, with surpluses being returned to members.

Once we have seen & verified all your documents and received the initial deposit (minimum of £10) we can open your account and you can start to save!

Remember to be a member of BERKSHIRE CREDIT UNION you must:

  • Either live, work or study in the County of Berkshire and the surrounding area (in addition if you live in the same household of an existing member you can also join)
  • Or work, irrespective of location, for any of the organisations that operate a save as you earn scheme with Berkshire Credit Union
  • Or be a member of a specified organisation that is involved in energy conservation and saving.

The surrounding area of Berkshire is defined as North Hampshire, South Buckinghamshire & South Oxfordshire.

How do I put money into my account?

There are a few ways you can put money into your account:

  • Cash/Cheque at one of our contact points, not by post. Cheques should be made out to Community Savings and Loans Ltd.
  • Standing Order: you can get help with this by contacting us here. Click Download Standing Order Mandate (58.9kb)
  • Bank Transfer: you can pay directly into your credit union account, by making a bank transfer to The Cooperative Bank, Sort code: 08-92-50, Account number : 67004913. You MUST quote your member number as a reference. Get help with this by contacting us here.
  • Save as you earn: if you are employed by an organisation that has signed up to Berkshire Credit Union's payroll deduction scheme, you can save part of your salary on a regular basis, click here.

How do I take money out of my account?

For security reasons, you can only take money out of your account by:
EITHER sending us a completed and signed withdrawal form by post, email or handing it in at one of our contact points.
OR by using your online account. If you haven't get got an online account, please register by clicking on the REGISTER ACCESS tab at the top right of this page.
There is also a pre-arranged emergency telephone banking facility available.

Please note, we do not:

  • Pay out cash. All withdrawals are made by bank transfers or by loading your Engage debit card.
  • Provide instant access however we endeavour to meet all withdrawal requests within a maximum of one working day.

Get Advice

If you would like to find out how easy it is to start saving, or want to talk about your financial situation come in see us . Click here to find your nearest office at a time that suits you.

The Financial Services Compensation Scheme

BERKSHIRE CREDIT UNION members savings are covered by the Financial Services Compensation Scheme, click here for more details.

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Opening Hours:

Mon - Fri10:00am - 14:00pm

Visit Us:


62 Portman Road, Reading, RG30 1EA


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Berkshire Credit Union is the trading name of Community Savings & Loans (Berkshire Credit Union) Ltd Authorised and Regulated by the Financial Conduct Authority and the Prudential Regulation Autority - Firm no 457045