Thamesbank Times
Members eNewsletter
Ealing . Hounslow . Kingston . Richmond & Wandsworth . Spelthorne
Dear Member,
Members eNewsletter February 2023 edition
February is the month of love and appreciation. Therefore, we would like to take this opportunity to tell you how grateful we are to you for your trust and support in us. ❤️
Here are some of the highlights in this month's edition:
We share the benefits of the great unretirement, a growing trend of people returning to work after retirement.
We will also give you some tips on how to manage your debts and gain control of your finances.
If you are looking for motivation to save money, we have some ideas that can help you do so in a fun way.
As it’s International Women's Day on 08 March, we have a competition for our members. More details in this newsletter.
In Thamesbank's news, we are holding our AGM on 20 March 2023. We also have two new directors. You can get all the details in the Members' noticeboard.
With best regards,
The Thamesbank editorial team
The great unretirement
Why are retirees swapping the sofa for the office chair?
In recent years, there has been a growing trend of people returning to work after retirement, a phenomenon known as the "Great Unretirement." While retirement used to be seen as a time of rest and relaxation, many individuals are now choosing to stay active and engaged in the workforce for longer.
Find out from our blog post what the benefits are of 'The Great Unretirement'.
Managing debt
Have you ever found yourself struggling with debt payments or worrying about how to manage your debts effectively? Debt can be a significant source of stress and financial strain, but fortunately, there are ways to manage it and regain control of your finances.
Therefore, we have answered some frequently asked questions that can help make decisions on how to manage your debts.
'Should I pay off debt or save money?'
What is the National Debtline?
If you are falling into debt, it can be easy to fall into traps where you end up borrowing from payday Lenders where you pay exorbitant interest rates or from illegal money lenders (Loan Sharks) who may threaten you if you can’t pay on time.
You may think that you are on your own and you will always be in debt – however this is not always the case. You can turn to organisations such as the National Debtline service.
Celebrating International Women's Day
Thamesbank is proud to support women financially and we want to celebrate International Women's Day with you… We are giving three lucky women members the opportunity to win up to £15 (Terms and conditions apply).
Here's how:
Tell us in your own words, in the form of a quote or words of wisdom, what it means to be a woman, inspire women, reflect on the hardship and sufferings of women, or any other aspect of womanhood. Quotes should be no more than 75 words, original work and should not contain offensive language.
Send us your quote either by filling in our entry form or email us on iwd@thamesbank.org. The entry deadline is 31 March 2023.
If you have friends or family that aren't our members yet and would like to enter our competition, they may apply to become members of Thamesbank Credit Union here and quote code IWD on their membership application form.
For full details and terms and conditions, visit our website.
Fun ways to save money
Saving money does not have to be a tedious task especially if you add a hint of excitement into it. We have put together some ideas that you can help you save money (and stay motivated).
The benefits of a Child Benefit Loan from Thamesbank
A Child Benefit Loan from Thamesbank can have quite a few advantages including:
- Low-interest rates: We typically offer lower interest rates on loans compared to traditional banks or payday lenders. This can make borrowing money more affordable and manageable for families on a tight budget.
- No hidden fees: As we are a not-for-profit organisation, we do not charge hidden fees or penalties for early repayment. This can save families money in the long run.
- Quick approval process: We may be able to process loan applications quicker than traditional banks, which can be helpful for families who need money urgently.
- Helps build credit: Borrowing and repaying a loan from a credit union can help families build their credit history and improve their credit score. This can make it easier to access credit in the future for larger purchases, such as a home or car.
- Get a loan top up: We offer a loan top up of £250 after three months and a second top up of £250 after a further three months on their loans. Learn more.
If you or someone you know would like to apply for a Child Benefit Loan, you can do so on our website.
Payroll Loan
Did you know that members who are on Thamesbank's Salary Saving Scheme can take out a payroll loan from £3,000 up to £5,000?
Words of wisdom
"We make a living by what we get, but we make a life by what we give." - Sir Winston Churchill
This quote means that earning a living is essential for survival, but true fulfilment in life comes from giving to others. It highlights the importance of generosity, kindness, and compassion, which are essential for a meaningful and fulfilling life.
At Thamesbank, our success is not just measured by our financial performance but also by our ability to make a positive impact on the lives of our members and the communities we serve.
Members’ noticeboard
Annual General Meeting (AGM)
We will be holding our next Annual General Meeting (AGM) on Monday 20 March 2023 in the Isleworth Public Hall from 7 p.m. to 8 p.m. and also via Zoom. More details will be available in due to course.
Welcome on-'board'
A warm welcome to Permjit Singh and Roxanne Glaud who have joined the board to help govern Thamesbank Credit Union. You can find out more about them on our 'People' page.
Lottery - enter now
As a member of Thamesbank Credit Union, you have the chance to enter the lottery, run by our back-office provider, Credit Union Solutions (CUS).
Each entry is £1, and each member can have up to 10 chances per month.
For all the details and to enter the lottery, visit the Credit Union Solutions (CUS) website.
Share this newsletter
Please feel free to share this newsletter with your colleagues, friends and anyone else who may be interested in the content within it.
With thanks from the Thamesbank editorial team.
Thamesbank Credit Union is authorised and regulated by the FCA and PRA Reg. No. 416486. Registered office address: The Bungalow, Pinkwell Lane, Hayes, UB3 1PE
Ethical and affordable finances | Helping you to save and borrow
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