Financial Acccounts for the year ending September 2019
21 January 2020
Please click on the link to see the 2018-2019 accounts.
AGM for year ending September 2019
06 January 2020
This years AGM will be held in Camborne Methodist Chapel on Tuesday 4th February 2020 at 7pm. We would like to invite all members to attend.
The address is:
For the minutes of the AGM held in February 2019, please click on the link.
Family Loan launching 19th August 2019
12 August 2019
Our Family Loan and Saving Scheme lets anyone in receipt of Child benefit to borrow for family expenses with a quick application form and no credit checks, using your Child Benefit for the repayments. A decision within 1 working day.
The Solution For Local Fishermen
12 February 2019
KCU have been working in partnership with Fishing Animature to help local fishermen break the cycle and access funds to improve their work, and in turn, their income. Grant funds are available for fishermen from the MMO, however, for the fishermen to access this grant money they must first spend the money and then claim it back. KCU offer loans to those who have been preapproved for a grant but do not have the funds to make the necessary purchases in the first place. Once the grant money is received, the fishermen then pay back their loan to the credit union.
KCU have given out £59,800 since December 2018 and have received a large majority of this back with the rest due in the next few months (and, to date, have no bad debt!). It is a condition that all Fishermen wanting to use this service become members of the KCU. Some use the KCU for other loan services for boat insurance, business building etc that is not covered by the scheme.
Financial Accounts for the year ending September 2018
08 January 2019
Please click on the link to see the Financial Acccounts for the year ending September 2018
Shares no longer covered by Death Benefit Trust as of 1st October 2018
20 June 2018
Kernow Credit Union has opted out of the Death Benefit Trust on shares.From 01.10.2018 members will no longer receive Death Benefit Trust (DBT) pay-outs in relation to their shares held with us.However,loans will continue to be covered by a separate insurance policy (as per the terms of the DBT).The decision to opt out of the Death Benefit Trust's cover of shares was an agenda item at our recent AGM held on 6th February 2018. The matter was discussed at length by the members present and the motion was voted on and passed.This means that members' Loans will be covered by the policy after the member's death,thereby relieving the burden on their families, but their shares will not be covered by the DBT.Members' beneficiaries will still receive the full value of the shares (subject to any adjustment in relation to loan arrears). We realise this may come as a disappointment to some members,however,remaining with the DBT shares option was not sustainable to the Credit Union in the long term.
GDPR May 2018
25 May 2018
GDPR May 2018
25 May 2018
How we will use your data
Penzance service point move
26 February 2018
Monday the 12th March will be the last day the KCU service point will run in the Changing Room in the Wharfside shopping Centre in Penzance. The service point will re-open on Wednesday 21st March at 8.9 Market Jew Street, Penzance, Cornwall
Financial accounts for year ending September 2017
06 February 2018
Please click in link for accounts.
PROPOSAL for AGM To cease contributing to the Death Benefit Scheme from 2018
02 January 2018
Please see the attached document with further information on this proposal.
03 January 2017
This years AGM will be held in Camborne Methodist Chapel on Tuesday 6th February 2018 at 7.30pm. We would like to invite all members to attend.
The address is:
Please see the link for minutes of meeting held on 7th Feb 2017. (for financial year ending 30/09/2016)
Increase to joining and annual fee
10 October 2016
As of the 1st October 2016 both the KCU annual fee and joining fee will be increased to £2.00.
This decision was made at the Annual General Meeting on the 9th February 2016. Please see the minutes of the meeting below for further information.
18 April 2016
For the minutes of the 2016 AGM (for year ending 30/09/2015) please click on the link below.
NOTICE TO MEMBERS
06 April 2016
As of 1st May 2016 the following transactions will be subject to a £1.50 charge :
- withdrawal cheques written to a third party (ie.not the member themselves)
- withdrawals via BACS to a third party account (ie. not in the name of the member)
Accounts year ending 30th September 2016
13 January 2016
Please click on the link to view the accounts.
Liskeard Service point relocation
01 July 2015
KCU are pleased to announce the opening of the newest KCU service point which is at Barclays Bank, The Parade, Liskeard.
New Service Point opening in Bugle
09 March 2015
Bugle service point will be opening on Friday 13th March 2015. This will start at 2pm until 3.30pm. We look forward to seeing you there.
(Please see Service point section for address and usual times etc)
New SafeNet Loans launched for non members
21 October 2014
A SafeNet Loan is a quick and easy short-term loan to help tide you over until your next payday or beyond. It is designed to be highly competitive with loans from commercial payday lenders, providing an economic, simple and practical alternative with flexible terms to suit your circumstances.
Bishop Tim and Revd Steve Wild visit the Kernow Credit Union in Redruth
13 October 2014
Click on the link below to see the article in the West Briton.
Kernow Credit Union is 10 years old!
10 February 2014
On the 10th of February 2004 KCU's predecessor Kerrier & the Fal Credit Union was authorised by the FSA. When Cornwall Council became a Unitary Authority, K&FCU changed its name and "common bond" to Kernow Credit Union covering everywhere west of the Tamar and the Isles of Scilly.
Welfare Reform Bill
15 April 2013
The Government has unveiled its Welfare Reform Bill which may mean many of our members finding themselves financially worse off.
Please contact us on telephone no. 01209 / 314449 (10am - 3.30pm weekdays) if you genuinely find yourself struggling to meet the repayments terms of your loan agreement.
We will gladly discuss the arrears position with you and if possible try to re-negotiate the terms of your loan. Kernow Credit Union will always endeavour to provide appropriate support to members but can only help if you contact us. We are only a phone call away!