Corporate membership is for organisations (rather than individuals) based in Wiltshire or Swindon. Businesses, charities, partnerships, clubs, societies, local councils and voluntary groups, whether incorporated or not, can become corporate members and place sums on deposit.


By depositing funds with us your organisation’s money helps the credit union to grow and support the local community.


The maximum deposit is £21,500. Deposits are protected by the Financial Services Compensation Scheme (FSCS) for many organisations. You can check if it applies to you using the FSCS checker tool.


Wiltshire & Swindon Credit Union does not pay interest on deposits. Instead, corporate deposits, just like savings from individual members, would qualify for a profit sharing dividend.


If you wish to apply for corporate membership, you can download an application form here.


Find a form to set up a payment mandate here, and to change authorised signatories here.

  • Your deposit helps the credit union to grow
  • Deposit from £5 to £21,500
  • Security protected with up to 3 signature authorisation
  • All transactions available online
  • The account is protected under the FSCS scheme, subject to its terms
  • Minimum £5 balance
  • Maximum £21,500 balance
  • Initial account opening fee of £2:00
  • Can be set up for multiple signature withdrawal authorisation
  • Balance always available to view on-line
  • Account balance qualifies for dividend
  • No penalty for withdrawals
  • The account is covered by the Financial Services Compensation Scheme



How long does it take to open the account?

The account can normally be opened the same day as you apply providing the correct documentation is submitted.


What identity and credit checks do you carry out for a corporate account?

We don’t do a credit check for corporate accounts, though identity checks are made for account signatories. Anti-money-laundering checks are also made on major shareholders.


How can we withdraw money from our account?

  • You don’t need to give us notice to withdraw
  • Applications for withdrawals must contain the required number of valid signatures corresponding with those currently held on file, i.e. two signatories on the account.


How can we deposit savings in the account?

  • By cash or cheque at the office
  • By bank standing order or direct debit
  • By bank transfer


What is the maximum amount we can withdraw each day from the account?

  • Up to £300 in cash
  • Up to £3000 in a cash cheque (with ID required)
  • No limit for a bank transfer or cheque made payable to the organization


How often will we get a statement?

One statement per year may be sent by post free of charge (and for a £5 fee more frequently).  You can also register on our website to view your balance and transactions on line.


Is our business kept private?

Yes.  Everyone at the credit union with access to members’ personal data must act confidentially at all times.  We apply the principles of the General Data Protection Regulation, and use the personal data you have supplied only to manage your credit union account. You can view our privacy policy here.


Our organisation (a club, or society) does not have a constitution, which your application form asks for. Can we join?

It’s helpful to have a simple constitution so all your members know and agree your rules. We need your constitution to tell us who is responsible for your finances. You can find a simple constitution form to complete here.

There is a one-off initial joining fee of £2


There is a minimum deposit of £5 required for membership. This may be withdrawn, and if it is withdrawn, membership of the credit union ceases.


If the funds in your account fall below £5 for 12 months or more, we may close your account and apply the funds to our reserves.


The maximum deposit is £21,500


The account benefits from our participation in the Financial Services Compensation Scheme (FSCS) subject to the standard conditions of the scheme.


Money can be paid into your account:

    • By Standing Order or bank transfer.
    • By Cheque payable to the Wiltshire & Swindon Credit Union
    • Please use your Membership Number as the transaction reference.
    • By Cash at our Cavendish Square office


Funds may be deposited, and withdrawals made at any time. In practice, if 2-signature verification applies, a withdrawal may only be made during office hours.


An annual dividend may be paid on sums deposited in Corporate Saving Accounts. The dividend rate will be determined by the Board of Directors and ratified by members at the Annual General Meeting (AGM). Any dividend due will be paid directly after AGM.


Your balance and transactions can be viewed on-line and statements are available on request.

Our products

Our savings products at a glance

Junior Savings Account

For the future of your child

Christmas Savings Account

Put money for the special day

Save For Any Reason

Savings for a dream

Member of ABCUL

Authorised and Regulated by

Your money is protected up to £85,000

Accredited by FairLife