Search the Community

Showing results for tags 'credit union'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • BuildHub Guide: Information about the site : Introduce Yourself
    • About BuildHub.org.uk
    • Introduce Yourself
  • Build Design, Planning, Finance and Legal
    • Building Plots, Land & Renovation Properties
    • Design & Architecture
    • Funding, Finance & Tax
    • Insurance, Legal and Warranties
  • House Construction & Structural Issues
    • House Construction
    • Conversions & Extensions
    • Roofing & Lofts
    • Structural Works, Foundations & Demolition
    • Insulation & Ventilation
    • Landscaping & Outdoor Buildings
    • Damp & Infestation
  • Building Trades
    • Plumbing & Heating
    • Bricklaying, Plastering, Concrete, Blocks & Rendering
    • Joinery, Windows & Doors
    • Floors & Flooring
    • Electrics, Lighting & Home Security
    • Decorating & Tiling
    • Kitchens & Bathrooms
    • Building Materials
  • Environmental, Alternative & Green Building Methods
  • Self Build & DIY: General
  • Self Build Regional Groups

Blogs

  • Salamander Cottage
  • The House At Mill Orchard
  • An Orkney Build (in ICF)
  • The House at the Bottom of the Garden
  • Hawthorn House
  • Rose Lane re-build
  • East Kent Self Build
  • Wee Hoose on the Croft
  • God is in the Details
  • Tennentslager
  • Kentish RenoExtension
  • Scooby Cottage renovation.
  • The Seasalter Sharp House
  • sussexlogs
  • Sips and stones may break my bones...
  • Our Journey North of the Border
  • Construction in Cornwall
  • The Fun Irish (House)
  • A house! A house! My kingdom for a house!
  • South Devon Self Build
  • Lucy Murray
  • Coffee Towers
  • caliwag
  • caliwag
  • Blackmore House
  • A woodland house
  • Druim nan Darach
  • Escarpment to the countryside
  • Recoveringbuilder
  • Netherwood lakes
  • Kingseat
  • Mr and Mrs Triassics New Home
  • Yaffles
  • Wedding Cake Re-build
  • Clancutt Lodge
  • Self-Build in Shropshire
  • South coast ICF build
  • 5 (2 adults, 3 dogs) go building in Dorset
  • Hillcroft
  • Self Build NE Scotland
  • Timber Portal Frame - but stick built
  • Self Building two in North Wiltshire
  • 1970s Chalet-style house renovation
  • Under the Chestnut Tree
  • The Larch House
  • Building in a woodland on the Isle of Wight
  • Back on the self-build waggon...
  • Gardening in the Lockdown
  • The BuildHub Gardening Blog
  • West Sussex Forever Home
  • Testing
  • Canalside Bungalow Renovation
  • Holywood Passive ICF Build
  • Finchampstead Passivhaus
  • Albaston self-build
  • Little Stud Barn

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me


Location

Found 1 result

  1. @MikeSharp01 posted an idea that we might in his words '... crack a series of issue...' Here's what he had to say (posted here) edited slightly below. I have and idea for the pot that might crack a myriad of issues. We could set ourselves up as a credit union. These are very simple mutual societies many of which are run by volunteers. They can take deposits and make loans. The deposits are protected by the FSCS up to max (£80k ish) so no risk to deposited monies. Loans can only be short term max 5 years unsecured or 10 years secured on the borrowing members deposits. The max loan to a member is £7500 in excess of that members deposits. We would need to find a pump priming sum to kick start the Capital adequacy rules. It is a regulated activity but can be run by volunteers the main leading group have to be 'fit and proper' and sign up to running the business. We could set up our own membership rules but would have to be limited to people with an assoiation with our goals EG self builders or interested in self building issues - called a 'common bond'. To be a member we could insist on regular deposits. Interest on loans is charged per month and is capped at 3% per month but we could just set the rate to beat the bank for the depositers. Obviously it is a bit more complex than set out above but no more complex or onerous than a limited company. The registration is with FCA rather than the charities commission or companies house. There are annual returns however. (accessed 01/12/2017)