In July we bought a new system to manage the credit union’s financial records and accounts. The main difference you can now see are: clearer statements of savings and loan transactions, and immediate updating of accounts for members who pay in or withdraw money at the office. Loan interest is now charged by the day, so early repayment always means lower interest charges. Other background changes with bank payments mean that we now have a “live” system throughout the month.
The new system will also enable online banking through this website.