Top Menu

Dividend of 0.5% to be paid in June

Dear Members,

At the AGM of the credit union back in March, we discussed the appropriate level of dividend that should be paid. A vote by the members supported the proposal by the board of directors that a dividend of 0.5% should be paid. This will be paid in the month of June directly into your account.

With kind regards,

Bindu Varkey, Chair of Oxfordshire Credit Union

Find out more of the topics covered during our AGM.

Continue Reading

Introducing key worker loans

As a token of our appreciation, we have introduced a key worker loan for key workers including NHS, Council, Emergency and School staff.

Key Workers Loans of £1,000 are repayable over up to 60 months at just 1% per month interest (12.68% 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 1% (12.68% APR).

Apply now.

Continue Reading

Child benefit savers in OX4 top of the top-up loans

Members living in OX4 were the quickest off the mark to top up their Child Benefit Loans since its launch in April 2020. Whilst many members rushed to top their loans up, those in OX4 were by far quicker and more numerous.

Remember to refer your friends that are in receipt of child benefits to the credit union and claim your £50 referral bonus for each one that you refer. Make sure that they add your name to their joining form.

If you want to top up your loan, please email us on

Continue Reading

University College Oxford joins payroll saving scheme

University College Oxford has joined the growing number of employers enabling their staff to save into their credit union account through a deduction from their payroll.

Angela Unsworth MBE, Domestic Bursar, confirmed that the decision has been made and that their staff would now be free to save with Oxfordshire Credit Union through payroll deduction.

University College Oxford joins Oxford University Hospitals; Oxford City Council; Oxford Bus; Response and Guenther Truesdale Bakeries as employers that enable their staff to save through a monthly deduction from payroll.

If you would are an employer or an employee that isn’t part of the payroll deduction scheme, contact us on

Continue Reading

Introductory Payroll Loans referral scheme

If you are saving with Oxfordshire Credit Union through payroll deduction and you refer a co-worker to Oxfordshire Credit Union who takes an “Introductory Loan” of at least £2,000 repayable over at least 24 months, we will give both of you a £100 bonus which cannot be withdrawn until the loan has been repaid.

How it works:

Step 1: Your co-worker needs to complete the Joining and Loan forms. They would then have to email the forms to

Step 2: You would also need to complete the Loan form with the referee’s name in the ‘Promo Code Box’ on the Loan Form. This cannot be added after the form has been received. Once completed, email the form to

Step 3: If your colleague then goes ahead and takes the introductory loan, we will email you both confirming that you’ve qualified for the referral bonus.

You can refer as many colleagues as you wish.

Terms and Conditions apply.

Continue Reading

AGM 2020 and Financial statements 2019

Changes to the Annual General Meeting (AGM) 2020 on 31 March 2020 at 6:00 PM.

Further to the invitation we sent to you last month, and taking into account the recent developments in the UK in respect of the Coronavirus, we have made some changes for the running of this year’s AGM.

Your wellbeing remains an absolute priority. The Government’s advice on social distancing means we have made the decision to conduct the meeting remotely via a conferencing application called Zoom.

You will have the option to either connect using your computer/mobile video, computer/mobile audio or dialling into the meeting by landline phone or mobile phone using the instructions provided in the AGM Agenda.

This is our chance to report back to you as a Board, to hear your views and to gain your approval on such matters as new board members and a proposal from the Board that we should pay a dividend.

More details below:



Minutes of the AGM 2019

Financial Statements for the year ended 30 September 2019

We look forward to seeing you then.

Continue Reading

Coronavirus Contingency Plan

Dear Member,

COVID-19 is proving to be a significant challenge to us all and most businesses. Thus far we have been able to cope with the vast majority of the activity required to support our members.

With some staff working from home, our telephone responses may be impaired, but we can always be contacted by email.

By far the quickest way of getting a share withdrawal is through the Members Area on the website. If you have yet to register for the Members Area on the website you should do it straight away. You can register here.

Members Area share withdrawals are processed on a daily basis and if submitted before 9 am will show in your bank account the same day or after the next working day. By comparison, email requests for share withdrawals could take up to three working days.

Kind regards,

Oxfordshire Credit Union team

Continue Reading

Directors and Volunteers Vacancies

We are currently looking for new Directors and Volunteers to join the Oxfordshire Credit Union (OCU).

Like all credit unions, we depend on the services of unpaid Directors and Committee members to provide strategic direction, ensure legal compliance and represent the membership.

Volunteering is a great way of developing your existing skills or learning new ones. Many people find that volunteering for the credit union helps them to find work or make progress in their careers. Financial, secretarial, marketing, project management and publicity skills are particularly welcome.

Volunteering usually means giving up a few hours each month during the day and evenings. All volunteers receive on the job training and there are usually opportunities for formal training through the Association of British Credit Unions Limited.

If you have some time to spare, and are willing to share your enthusiasm and commitment, please send an email to stating whether you would like to join the OCU Board or get involved as a volunteer.

Current positions available:

  • Company Secretary (Board position)
  • Director – general (multiple Board positions)
  • Volunteer – general (multiple positions)

What happens next?

One of the current OCU Directors will contact you to discuss the positions and projects you can get involved in.

Thank you for your interest and supporting Oxfordshire Credit Union.

Continue Reading

All change

We recently introduced our new current account, with a debit card, called the Change Account. This replaces the former card, Engage Cards.

Members who had an account with Engage Cards should receive the new Change Account details and debit card in the post. If you haven’t received yours yet, please email us on If you don’t wish to have a Change Account or card, please return it to us at The Bungalow, Pinkwell Lane, Hayes, UB3 1PE so that you don’t get charged.

If you would like to apply for the Change Account, please contact us on or call 01865 777 757 to find out how to apply for this card.

Why have a Change Account?

From just £2 a month, you can enjoy great benefits with a Change Account. Some of these benefits include:

Full transactional account – with a dedicated Sort Code, Account Number and Debit Mastercard® (Chip & PIN protected) therefore you can use it in the following ways:

o Point of Sale, ATM withdrawals and online purchases

o Direct Debits, scheduled and faster payments

o BACS Credits (wages/benefits)

o Choice of single or joint account.

Secure budgeting wallets – allows you to subdivide spending, budgeting and bill payments. Encourages you to protect your money allocated for bills.

Clear payment alerts – automatic online payment alerts as well as optional alerts via SMS, Mobile App and email.

A wide ranging Rewards Programme – well-known brands like Asda, New Look, Pizza Express and Argos offering Cash Back (up to 20%) when you spend instore or online.

Online account management – you can manage your account online therefore enabling you to keep up to date with your balance, transactions or cash withdrawals.

Mobile App account management – manage your account ‘on the go’ with our Mobile App (available FREE through iTunes and Google Play).

24/7 UK based customer support – support via phone, email and secure messaging

Continue Reading

OCU Christmas 2019 newsletter

Oxfordshire Credit Union is reflecting on a great year after introducing new products and exciting new service delivery improvements. Our Christmas 2019 newsletter highlights some of these features including:

  • Great new deal for travellers with Oxford Bus Company
  • The Change Account, the new current account and debit card
  • Checking your account balance by telephone
  • Easier loan application with the introduction of editable forms and open banking.

View newsletter

For news and updates, follow us on Twitter and Facebook. While you are there, please feel free to share your Christmas tree pics with us, using the hashtag #CUChristmas.

Continue Reading

Copyright © Oxford Credit Union Limited, 2014

Privacy Policy | Website Terms & Conditions | Cookie Policy