Thamesbank Times
Members eNewsletter
Ealing . Hounslow . Kingston . Richmond & Wandsworth . Spelthorne
Dear Member,
Members eNewsletter August 2023 edition
As summer winds down, the back-to-school season approaches which could bring about financial strain to your wallet. Get some ideas on how you can tackle ‘Back to School’ without breaking the bank.
Thamesbank recently partnered with PaddleUp, a stand-up paddleboarding (SUP) club. Learn more about this partnership and what SUP is.
Also in this edition, we share our latest YouTube video which guides employers on conquering money worries. You will also learn how to build your credit score, maximise Child Benefit Loans, and embrace the "Pay Yourself First" mantra for a brighter financial future.
If you have any topics that you would like us to cover in future newsletters, simply email us on news@cus.coop.
With best regards,
The Thamesbank editorial team
Back-to-school money saving tips
As summer draws to a close, the excitement of a new school year can be tinged with the anxiety of stretching your budget with back-to-school demands. However, with a little planning and some clever strategies, you can navigate this financially challenging period without breaking the bank.
We have put some money-saving tips together to ensure a smooth transition from holiday mode to school mode.
Read the full article on our website.
Thamesbank teams up with PaddleUp
Stand-up paddleboarding (SUP) has gained popularity in the UK as a versatile water activity. Participants use a stable board and single paddle for exploration and exercise on rivers, lakes, and coasts. Thamesbank has partnered with a local club, PaddleUp, to provide equipment loans. Safety-focused, the club offers lessons and social sessions, fostering a friendly and inclusive environment led by experienced enthusiasts India and Joshua.
7 ways to improve your credit score
Improving your credit score can help you get better loan terms and interest rates, so you can reach your financial goals faster. We have put seven tips together to help you build yours.
Read the tips on our website.
Child Benefit Loan and Savings Plan
Back to school can be expensive, but a Child Benefit Loan from Thamesbank Credit Union can help you make your money work for you. Apply today and get an immediate loan of up to £750 to help with the cost of school uniforms, shoes, books, and other essentials.
The loan is repaid over 50 weeks at a rate of 42.6% APR. You can also apply for a loan of £1,000 at 26.8% APR if you have more than one child, have paid off at least two £500 loans, and have £100 in Child Benefit Savings.
To apply for a Child Benefit Loan, simply visit our website and complete the online form. We'll help you get the money you need to make your child's back to school experience a success.
Please note:
- The loan is available to all families who receive Child Benefit, regardless of their income
- The loan is subject to status and eligibility criteria
- You will need to provide proof of income and expenses when you apply for the loan
Words of wisdom
"Pay yourself first. Before you spend any money on anything else, put some money away for your savings or investments."
The ‘pay yourself first’ rule is a simple but powerful way to reach your financial goals and achieve financial freedom.
Benefits:
- You will reach your financial goals faster
- You will have a financial cushion in case of an emergency
- You will be less likely to fall into debt
- You could retire early
- You will be able to leave a legacy for your loved ones
Tips:
- Set a specific amount that you want to save each month
- Automate your savings so that the money is taken out of your paycheck before you even see it
- Make sure you are saving for your short-term and long-term goals
- Invest your money wisely so that it can grow over time
- Don't be afraid to adjust your savings rate as your income and expenses change
- Join Thamesbank’s Salary Saving Scheme. Ask your employer if you can participate.
Members noticeboard
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
You are receiving this email because you have signed up to receive marketing information from Credit Union Solutions on behalf of Thamesbank Credit Union. If you'd prefer not to receive updates, you can email: admin@thamesbank.org with the subject line 'Unsubscribe from marketing mailing list'.
