Membership

Eligibility for Membership

The qualification for admission to membership of the First Rate Credit Union shall be being currently in receipt of a continuing and regular conctractual payment arising from employment by BAE SYSTEMS (or its successors) in Great Britain so that in consequence thereof there shall be a common bond between all the members.

A person who is a member of the same household as, and is a relative* of, a member of the First Rate Credit Union who fulfils the qualification for admission as above of this rule directly, shall be deemed to be qualified for and eligible for membership.

*Relative being a husband or wife, a child being over the age of 16 (though they will not be eligible for a loan until the age of 18) or a parent.

A retired member of BAE SYSTEMS currently in receipt of a continuing and regular contractual payment (pension) by BAE SYSTEMS.

Membership Application

Complete application for membership form.

The membership application form is a PDF document and Adobe Acrobat Reader is required to the view it. Adobe Acrobat Reader can be downloaded for free by clicking on the Get Acrobat Reader icon.

Joining the Credit Union

If you are eligible to join you must first complete an application form which may either be downloaded from this website or obtained from our office.

In common with all other financial organisations we are obliged by the Financial Conduct Authority (FCA) to obtain documentary proof of your identity and your current address. We would therefore ask that you produce one original document from each of the two categories listed below. Copies cannot be accepted. These can either by posted with your application form or produced in person at our office.

Identification needed to open an account

To comply with Financial Conduct Authority mandatory requirements we need one of each of the following:

For BAE SYSTEMS Employees:

Proof of Identity

  • One from either a Photo Style Driving licence or Passport

Proof of Address

  • One of the following documents (no more than 3 months old) Bank or Building society Statement, Local Authority Bill, Utility Bill etc

For Family Member

Proof of Identity

  • Photo Style Driving Licence or Passport

Proof of Address

  • One of the following documents (no more than 3 months old) Bank or Building society Statement, Local Authority Bill, Utility Bill etc

What if I don't have any documents I can use?

There are additional procedures in place to help potential members who cannot provide the preferred documents. You can talk to a member of staff about the sorts of documents you can produce. If you are unsure please contact the office.

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Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority 213241
© 2016 First Rate Credit Union

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