You can terminate your membership at any time without penalty provided you do not have an outstanding Glasgow Credit Union loan or any other debt owing to us.
Upon termination of membership, we will close your Glasgow Credit Union Savings account(s) and transfer your savings balance to your linked bank account. We reserve the right to offset any savings balance to an outstanding loan (or any other debt) before transferring the balance to your linked account. If you do not have enough in your savings to settle any outstanding loan balances, you must make arrangements to settle this loan by other means before membership can end.
Membership may also be terminated by us if you no longer reside in the United Kingdom because you live (or are planning to live) abroad for a period greater than 90 days. Additionally, your membership cannot continue if you cease to be a tax resident of the United Kingdom, have dual tax residency or become non-domiciled. It is your responsibility to tell us immediately if any of these events happen.
Membership can also be terminated where you materially breach our Terms and Conditions.