Community Accounts

Ethical banking to benefit the local community

Serving Shropshire, Telford & Wrekin and South Staffordshire

FAIRshare accepts community membership from Shropshire, Telford & Wrekin and South Staffordshire based clubs, charities, groups, societies & associations.  Our Community Accounts are perfect for groups who are looking for a safe, secure, ethical home for their funds, whilst benefiting the local community.

Community Members can deposit funds, choose to invest a lump sum (to a current maximum of £38,000) or save on a regular basis with FAIRshare.  Funds can be transferred electronically to a bank account. For added security and flexibility, organisations can arrange for multiple signatories to the account. Our only charge is a £5 membership fee to cover administration costs.

In the case of unincorporated organisations and groups, an account with FAIRshare will be held in the name of an individual, who must be an authorised officer (knows as the Designated Representative) of the organisation applying for membership. In the case of an incorporated organisation it will be the organisation that becomes a member of FAIRshare.

For details of the information required to open a community account, please refer to Documentation required when opening a Community Account.

You can always open a Community Member Account at our Telford branch.

Case Study

Local charity Lawley Bank & Friends Wartime Memory Group was the first Community Member of FAIRshare Credit Union.

The Lawley Bank & Friends Wartime Memory Group was set up to highlight the Second World War crash when a young American pilot guided his P-47 Thunderbolt fighter aircraft away from Lawley School and Avondale whilst on fire. The plane crashed on the Bull Ring at Lawley Bank on 20th June 1944, killing the pilot. The Lawley Bank & Friends Wartime Memory Group has instrumental in erecting a memorial plaque which was unveiled by their President, David Wright MP in November 2012.

The Group meets monthly at the Wrekin View, Lawley Bank, and intend to raise money for Blind Service Veterans. They chose a FAIRshare Community Account for their funds. Chairman Ron Munt said “we wanted a safe home for our fundraising, and FAIRshare was recommended to us”. The Group’s President David Wright MP, who has been a member of FAIRshare for many years, said “I’m a staunch supporter of the Credit Union movement & really pleased that the Lawley Bank & Friends Wartime Memory Group is the first community member of FAIRshare.”

John Harrower, General Manager of Fairshare Credit Union said “Following a change in governing legislation allowing Credit Unions to accept corporate membership, we are pleased to be extending our services to organisations in the community. It is very fitting that with this year being the 70th Anniversary of D-Day and the crash, our first Community Account is The Lawley Bank & Friends Wartime Memory Group.”