Category Archives: Uncategorized

Monday 26 May Bank Holiday

Fusion Credit Union will be closed on Monday 25 May for the May Bank Holiday.

We will be open for business on Tuesday 26 May 2020.

Those members wishing to access their savings, please submit request by 11am on Friday 22 May. Requests received after that time will not be processed until the following Tuesday.

To access savings please send e mail to info@fusioncreditunion.co.uk stating:

  • Full name as it appears on your passbook or account.
  • Full Address including post code.
  • Date of Birth
  • First and last digit of your account number (This will be on the statement that you received prior to this years AGM and in your passbook)
  • Amount required. (You cannot withdraw more than recorded in your savings account)

 Thank you for your understanding and support in these difficult times.

Remember, please stay safe.

Information about assistance available during Covid lockdown.

Due to the Covid-19 virus, many members, or their families and friends, may be suffering financial hardship. In this newsletter we are sharing information about assistance that is available depending upon peoples circumstances. It is for information only and does not constitute advice.

Worried about your income?

You may have heard about the government support available during coronavirus.  Here are some useful links:

Claiming Universal Credit if you are out of work, or if you are in work but not entitled to sick pay: https://www.understandinguniversalcredit.gov.uk/coronavirus/

This is a combination of benefits including Housing benefit but does not include Child Benefit (CHB). You can only apply online, all communication is online, and is paid monthly.

Once someone cannot work because of the lockdown and they need to apply for Benefit ie Universal Credit, there is a gap of some weeks with no income while their application goes through. At this point they may consider applying for foodbank vouchers and for a loan – see below.

Help for people who are self-employed – The Self-employment Income Support Scheme (SEISS): https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

Again, there may be a delay in receiving support.

Do you know someone who needs help with food?

The Lichfield Foodbank provides food to those in need in the Lichfield area. The service is meant for anyone who is struggling in normal circumstances. Members may not realize that even though they had been working but unfortunately are no longer, they can apply for a voucher

Fusion is one of the local agencies (along with Bromford, Citizens Advice, Curborough Community Centre and the Job Centre) who can issue a food bank voucher.  Please call us or email us for details – our contact info is at the bottom of the newsletter.  At the moment, we are using e-vouchers, which we can either send to your mobile phone or tell you the number to write down.

You can find out more about Lichfield Food Bank here: https://lichfield.foodbank.org.uk/get-help/how-to-get-help/

In Lichfield there are two centres that distribute food – Netherstowe church and Wade Street church. We are advised that currently stocks are healthy.

A similar system operates in Cannock District – https://cannockdistrict.foodbank.org.uk

Loans

Loans are available to assist those who are waiting for benefit or other financial assistance.

Downloaded our application form from the website

https://fusioncreditunion.files.wordpress.com/2019/06/fcu-loan-application.pdf and email the completed form to info@fusioncreditunion.co.uk.

You will be asked to tell us your income and expenditure and provide a copy of your bank statement.

If you get Child Benefit, you can agree to have it redirected to Fusion meaning we can offer you a loan. Part of your Child Benefit is then placed in a savings account for you and the rest pays off the loan.  Please apply using the form above.

Savings

Some members are fortunate to still be able to save something in these difficult times. Savings deposited with Fusion, are guaranteed by the Financial Services Compensation Scheme (FSCS), backed by the Government. This means that should Fusion become insolvent for any reason, your savings will be repaid in full within seven days.

Requests for savings to be withdrawn and transferred to a nominated Bank Account can be made by e mail to Fusion.

Getting a bit bored stuck at home?

And finally….there are lots of free things available on line at the moment to keep you and your family entertained.  Here’s a few fun links:

30 amazing virtual tours including theme parks, zoos and museums

https://www.goodhousekeeping.com/life/travel/a31784720/best-virtual-tours.

Free celebrity teaching and entertainment:

https://www.mirror.co.uk/3am/celebrity-news/free-celebrity-teaching-coronavirus-videos-21744651

Bitesize learning for adults including boredom-busting courses!

https://www.futurelearn.com/

Telephone number: 01543 415032
Email: info@fusioncreditunion.co.uk
Visit us at: www.fusioncreditunion.co.uk

IMPORTANT UPDATED OPERATING PROCEDURES DUE TO COVID -19 VIRUS

Following the announcement on Monday by the Government of greater rules to prevent the spread of the Covid-19 virus, Fusion Credit Union has further modified its operating procedures to protect both members and volunteers.

  • All local Collection Points are closed. 
  • Jigsaw in Dimbles Lane will remain open until 12 noon Monday to Friday. There will be a skeleton staff on duty and this primarily to allow members to sign loan forms. This is subject to availability of staff and may change at very short notice. 
  • Strict hygiene is being enforced within the office. Please do not visit the office if you feel unwell or have been in contact with anyone diagnosed with the virus. 
  • The following procedures are designed to minimise any visits to the office.

SAVINGS –withdrawals. 

Fusion Credit Union have implemented the procedure below to assist in preventing undue social contact and any financial hardship caused to members who require to withdraw money from their savings account.
 

  • Send an email to info@fusioncreditunion.co.uk with following information. (Text or What’s App messages not accepted, we need to print a copy for your file)
  • Full name as it appears on your passbook or account.
  • Full Address including post code.
  • Date of Birth
  • First and last digit of your account number (This will be on the statement that you received prior to this years AGM and in your passbook)
  • Amount required. (You cannot withdraw more than recorded in your savings account)
  • The money will only be paid into the Bank Account listed on our system.
  • If you are unsure of your account balance or which Bank Account is recorded please call Fusion on 01543 415032.
  • Fusion Credit Union reserves the right to withdraw this facility at any time.
  • SAVINGS – deposits

We will accept deposits by cheque through the post (ensure that your name address and membership number is written on the back of the cheque.) If you are local to Jigsaw you may post cheque (details as above) through the letter box. 
We no longer accept cash for the time being.
 

  • LOANS

Email info@fusioncreditunion.co.uk with your requirements including your full name and telephone number or telephone Fusion on 01543 415032 – leave message if necessary.

For urgent loans (in cases of severe financial hardship) please telephone Janet Bamber on 01543 419150

  • MEMBERS WITHOUT ACCESS TO EMAIL

If you know of any neighbour, friend or relative who is a member of Fusion or may require a loan, and does not have access to e mail or has difficulty in using it, please assist them with the following:

  • You may e mail Fusion for them but you must make it clear on whose behalf you are doing this and the reason
  • Written applications for loans or savings withdrawals can be made by post to Jigsaw, 72 Dimbles Lane, Lichfield, WS13 7HL 

The Directors and Officers of Fusion thank you for your understanding and co-operation in these difficult times. Let us all stay safe and stay healthy.


Facebook

Please follow us on Facebook for latest information concerning your Credit Union.
https://www.facebook.com/FusionCreditUnion/

IMPORTANT NOTICE -OPERATING PROCEDURES DUE TO COVID -19 VIRUS

As you are aware the Government is encouraging a high degree of social isolation to assist in the prevention of the spread of the Covid-19 virus.

Fusion Credit Union are adopting the following changes in the way that we operate to protect members who may visit our premises and also to protect our volunteers whose efforts allow the Credit Union to function.

  • Collection Points. With immediate effect all local collection points will be closed.
  • Jigsaw in Dimbles Lane will remain open until 12 noon Monday to Saturday. There will be a skeleton staff on duty. Strict hygiene is being enforced within the office. Please do not visit the office if you feel unwell or have been in contact with anyone diagnosed with the virus.
  • Savings –withdrawals.

Fusion Credit Union have implemented the procedure below to assist in preventing any financial hardship caused by members who have to adopt forced or self isolation due to the Covid- 19 emergency and require to withdraw money from their savings account.

  • Send an email to info@fusioncreditunion.co.uk with following information. (Text or What’s App messages not accepted, we need to print a copy for your file)
  • Full name as it appears on your passbook or account.
  • Full Address including post code.
  • Date of Birth
  • First and last digit of your account number (This will be on the statement that you received prior to this years AGM and in your passbook)
  • Amount required. (You cannot withdraw more than recorded in your savings account).

The money will only be paid into the Bank Account listed on our system.

If you are unsure of your account balance or which Bank Account is recorded please call Fusion on 01543 415032.

If you do not have access to email please call Fusion for advice.

Fusion Credit Union reserves the right to withdraw this facility at any time.

  • Savings – deposits

We will accept deposits at Jigsaw and by cheque through the post (ensure that your name address and membership number is written on the back of the cheque.)

telephone 01543 415032 – leave message if necessary

  • All room hire at Jigsaw cancelled until further notice.

The Directors and Officers thank you for your co-operation and understanding in these difficult times,

Fusion Credit Union Ltd celebrates 15th anniversary

Fusion Credit Union is celebrating 15 years of helping local people to save money and access affordable loans.  Hundreds of thousands of pounds have been both deposited and loaned from the community organisation, since it opened for business in March 2005.  

The credit union is part of the National Association of Credit Unions and provides affordable loans from the savings of members.

It has grown over the years and now people living or working in Lichfield, Burntwood, Cannock, Tamworth and surrounding areas can access its services, with 700 current members and many thousands of loans made over the years.

Janet Bamber, Chair and one of its founders said:

“The beauty of the credit union is that it is about local people helping local people.  Funds from savers goes towards affordable loans and because we are a regulated financial body, all deposits are protected.

“Our aim to help local people make the most of their money and an important element for us is enabling people avoid loan sharks.

“We have had hundreds of thousands of pounds pass through our book since we opened 15 years ago and that is thanks to our local community members and the amazing volunteers who run things day to day.”

Open six mornings a week,  Jigsaw in Dimbles Lane, Lichfield is the main office, supported by weekly collection points in Cannock, Burntwood, Hednesford and Lichfield Beacon Retirement Village.  Enquiries can also be made via the website and Facebook page.

Annual General Meeting

Please find below links to documents in relation to the AGM to be held on Saturday 14 March 2020 at 12.30 at Jigsaw, 72 Dimbles Lane, Lichfield, WS13 7HL.

AGM 2020 Agenda

AGM 2019 Minutes

SGM 2019 Minutes

Volunteers needed in Loans Department.

Fusion Credit Union Ltd, your Community Savings and Loans Bank, makes a profit from investing your savings, and the interest earned from loans to its members. Profit after operating expenses is returned to the members as an annual dividend.

All Directors, Officers and Collectors are volunteers receiving no payment for their services.

Currently we have two vacancies (volunteer) within our loans department.

1. Person to monitor that our member’s are making loan repayments on time.

Commitment- a couple of hours once or twice a week. Flexible hours and days.

Need to be computer literate.

2. Loan interviewer. Assess and approve loans, both new and top up, to our members.

Hours flexible.

Working within a friendly team, full training and support for both positions will be given.

Please contact us on 01543 415032 or info@fusioncreditunion.co.uk for more information.

NOTICE OF ANNUAL GENERAL MEETING

The Annual General Meeting of the Fusion Credit Union Ltd will be on Saturday 14 March 2020 at 12.30 at

Jigsaw, 72 Dimbles Lane, Lichfield, WS13 7HL.

This will be an opportunity to examine the Annual Accounts, hear about recent developments and meet the Directors and Officers and ask any questions concerning your Credit Union.

Please e mail us on info@fusioncreditunion.co.uk if you are intending to attend.

Family Loans from Fusion Credit Union.

The important bits:

Lending is subject to meeting the criteria set out by Fusion Credit Union.

You must have access to a bank account and set up a standing order before you get your loan.

Interest rates are typically 3% per month. We offer interest rate reductions for people who have paid off one loan and come back for a second.

We will agree a regular repayment which we both think you can afford. Unlike many other lenders, there is no penalty for early repayment with Fusion Credit Union.

You will need to be a member of Fusion Credit Union. There is a £2 joining fee.

All members of Fusion Credit Union are expected to be savers with us. Minimum savings usually start at £1 per week.


Fusion Credit Union Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales No. IP00717C.

Registered Office: Jigsaw, 72 Dimbles Lane, Lichfield, WS13 7HL

NEW YEARS RESOLUTIONS


a) Save more for the things that I want during the year.
b) Get my finances in order with a short term loan.
c) Visit Fusion Credit Union, to open a savings account or enquire about a loan.

For further information about the services provided by Fusion Credit Union, your Community Savings and Loans Bank please visit our main office at JigSaw or one of our Collection Points or contact us on 01543 415032 e mail info@fusioncreditunion.co.uk


The important bits:

Lending is subject to meeting the criteria set out by Fusion Credit Union.

You must have access to a bank account and set up a standing order before you get your loan.

Interest rates are typically 3% per month. We offer interest rate reductions for people who have paid off one loan and come back for a second.

We will agree a regular repayment which we both think you can afford. Unlike many other lenders, there is no penalty for early repayment with Fusion Credit Union.

You will need to be a member of Fusion Credit Union. There is a £2 joining fee.

All members of Fusion Credit Union are expected to be savers with us. Minimum savings usually start at £1 per week.

Fusion Credit Union Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales No. IP00717C.

Registered Office: Jigsaw, 72 Dimbles Lane, Lichfield, WS13 7HL