Frequently Asked Questions Why should I join Holdfast? Joining Holdfast Credit Union means you have easy access to regular savings, with the opportunity to have low cost loans. Friendly and confidential advice is always available to all members. FREE Life Insurance, FREE Loan Protection How will Holdfast help me? Holdfast will specialise in helping you save for a ‘rainy day’. Members save for holidays, car insurance, MOT costs, a new washing machine, and special events such as a 21st birthday. Anything where you need your savings to be safe and you won’t be tempted to ‘dip into’ them. What about a Holdfast loan? Saving regularly means you will be eligible for a loan. The amount available to you will depend upon your savings and repayments will be tailored to each individual member. You decide how much you can afford to pay each week or month, it is up to you. There are no penalties if you pay off your loan early. You must be over 18 to borrow You only pay interest on the reducing balance of the loan, not the whole amount like many other lenders. Is my money safe with Holdfast? Holdfast Credit Union Limited is authorised and regulated by the Financial Services Authority (FSA) which covers your savings by the FSA Compensation Scheme so you can be sure your money is safe and Is protected by law.  Holdfast is also a member of the Association of British credit Union limited (ABCUL). Can anyone join Holdfast? Our youngest member was brought into the office to join when he was 3 days old.  Our oldest member is almost 100 yrs old. How can I join Holdfast? Come in and see us at any of our collection points, fill in an application form and decide how you want to start saving for the future. All new members must provide us with 2 forms of identification:  one to show your address  and one to show your identity. Lodgers, bankcrupts and people who have recently moved may not be able to provide some of these documents is not a problem, just talk to us and we may be able to help you.