To support the credit union principle that ”The debt dies with the debtor,“ we have established a death benefit fund. On the death of a credit union member, a payment from the fund will be made to pay off any outstanding loan balance. In addition a further payment of up to £3000 may be made to the next-of-kin of the deceased member. No direct charge is levied on individual members to qualify for these benefits.

In the true democratic spirit of the credit union movement, the level at which these payments may be made is controlled by the members of the credit union. At the Annual General Meeting, members may vote to vary the level of payments.