Latest News

24 Mar 2022

Our new Website is Live!

We are delighted to announce the launch of our new website. We hope you like the new look and feel.

21 Feb 2022

Annual General Meeting (AGM) 2022

The Taxi Trade Credit Union AGM will take place on Monday 7th of March at 1800 hours.

Insurance

Taxi Trade Credit Union also offers all eligible members insurance services. All of this insurance cover is paid directly by the credit union and at no additional expense to the member. The insurance cover currently provided for by Taxi Trade Credit Union in respect of eligible members are:

Loan Protection Insurance
Life Insurance BenefitsIn the event of the death of a life insured while this policy is in force, life insurance benefits up to the insured loan balance are payable.
Term Of InsuranceThe term of insurance is one month. This policy is continuous and will renew for successive terms until terminated.
Age LimitMember's 80th Birthday
Single Premium Rates0.57 per £1,000 per month of the month-end insured Loan Balance of the members' loans
Premium FrequencyMonthly
Loan Amount LimitThe maximum loan amount limit covered for a member is £15,000.
Loan Term Limit5 years
Date of Issue01/10/2021
Classes of Loans ExcludedNone
Life Savings Insurance
Life Insurance BenefitsIn the event of the death of a life insured while this policy is in force, life insurance benefits up to the insured loan balance are payable.
Term Of InsuranceThe term of insurance is one month. This policy is continuous and will renew for successive terms until terminated.
Age LimitA member does not qualify for cover on any savings which were deposited on or after the member's 80th birthday
Single Premium Rates1.20 per £1,000 per month of the month-end insured Loan Balance of the members' savings
Premium FrequencyMonthly
Savings Limit£10,000.
Classes of Savings Specifically ExcludedNone
Date of Issue01/10/2021
Classes of Loans Excluded

If the member's attained age on the date of Deposit was 16 - 64 the amount of benefit is equal to 100%

If the member's attained age on the date of Deposit was 65 - 79 the amount of benefit is equal to 25%