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As the title of this
article implies, our 7% high interest account has been so
successful that for the time being we have had to close our
books! However, for those who were thinking about investing with
us but left it a bit late, don’t panic! We will be looking to
reopen the account again in 6 months if things continue to go
well.
The other bit of
good news is that we have now increased the maximum loan
available back up to £8000. For the past two years, due
to lack of cash flow, we’ve had to reduce the maximum loan down
to £4000 so that we could spread the money available around more
fairly and give all Dial-a-Cab Credit Union members a fair crack
of the whip. Most members were happy with this, bearing in mind
the circumstances, and we at the Credit Union office thank you
for your patience and understanding.
Views on life as seen
through the eyes of David Kupler (Y74) at…
KUPKAKE’S KORNER STATION HUNTING
Euston's like a dungeon,
St Pancras is a trap,
Marylebone's quite pleasant…
Waterloo is crap!
Kings Cross has got better,
London Bridge is the same,
Liverpool Street is chaos…
Paddington's insane!
Fenchurch St. is civilised,
the gateway to the East,
Victoria has camera spies…
and TfL police!
So why do we stand the torture
and wait in endless lines,
hoping that the future
will qualify the time?
It's 'cos there's a recession
and radio work is down,
feels like a total depression
all over London Town…
Kopyright Kupkake 2009 |
DACCU: "AN INTERESTING SUCCESS!" |
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Paying off your credit card bill with DACCU…
Do you remember last year when money was no object and all those
foreign holidays you had? Or that new car for ‘er indoors
(apologies to our lady drivers)? You put them on your credit
card and thought you’d just pay later? Now with the recession
biting and the interest you are paying - something in the region
of 19% would not be too far from the truth - why not take a
Credit Union loan to pay off your credit cards, because our
interest rate works out at 12% on a reducing balance, which
needless to say you don’t get on a credit card - or with the
high street banks come to that!
As an example; if you borrowed £1000 over 52 weeks, the total
interest would cost you just £62. Does anyone believe that a
bank out there – let alone credit card companies – has the
remotest chance of beating that! So to my mind, it makes perfect
sense to use your DACCU membership. Also when you use us, we
don’t require every detail about you (including your inside leg
measurement) and we certainly do not ask you to leave your house
as a guarantee! The fact that you are a Licensed London taxi
driver and associated with DaC is good enough for us. We can do
a BACS transfer straight into your bank account if
that’s what you want. The High Street banks just |
can’t beat our service. And as a bonus… we are
real people!
Emergency loan policy
At the DaC Credit Union, we have always run an emergency loan
policy; for example if your gearbox fell out, or the back axle
drops off and you did not have enough in your savings to realise
the ‘three to one’ ratio you really need, you will still receive
the loan and get yourself out of trouble. Is there a catch? If
you call having to be a member of DACCU and saving regularly
(which is always your money) a catch, well yes. That was it!
In addition, thanks to the amazing success of the 7% interest
account, there is no longer any wait for a loan. So if you asked
for a loan on a Tuesday, the money would be in your bank account
by the Friday! So don’t delay, get on the phone and call us. If
the get a voicemail message, please leave your details and we
promise we will get back to you.
Call us on 0208 522 4502 or 4503. If you want to email, it’s
daccu@btconnect.com.
Come down to sunny Stratford and get yourself a bargain!
DACCU AGM
The DACCU AGM will be held on Thursday 16 April at our office
beginning at 3pm (not 4pm as earlier terminal messages gave).
Suite 209, Channelsea House, Canning Rd, Stratford, E15 3ND. We
hope to see you there. Light refreshments will be available.
That just leaves me with my usual be lucky… but be careful out
there...
John Riley (K38)
Vice-President DaC Credit Union |
