You can take your shares as cash at any time you like, and as long as £2 remains in your account you remain a voting member of the union.

Payments can be issued by cash at head office (please give us notice), a cheque cashable at the Co-operative Bank, Princes Street, Ipswich, a cheque cashable at one of 28 Post Office in Suffolk, a cheque payable to a third party such as a landlord or tradesperson, same day bank transfer* (BACS) to your bank or a third party, or by loading to your credit union debit card. 

To request a withdrawal, please click here for the Share Withdrawal Form. Complete this and return it to ISCU, 61/63 Austin Street, Ipswich, IP2 8DF.

If you wish to close your account and withdraw all of your shares you will also need to complete the share Withdrawal Form and send in your passbook.

* subject to your bank/building society accepting same day transfers.

When you take out some of our loans there are terms and conditions that require you to keep savings in the credit union. The credit union is here to help you build up savings as well as provide low cost loans.

However, after you have paid back part of your loan, you might be able to withdraw a small amount of savings during the loan if you need to.

If you have a Bronze loan you can withdraw your shares at any time. However if you want to progress to better loan products in the future you will have to show a good savings and repayment record.

If you have a Silver or Gold loan you must maintain the balance of your shareholding with ISCU at no less than one third of the inital balance of the loan. This condition applies for the duration of the loan.

If you have a Diamond loan you must maintain the balance of your shareholding with ISCU at no less than the share balance you had on the day the loan was issued. This condition applies for the duration of the loan.

Example: Save £500 and borrow £1500. You must have £500 in your savings until the end of the loan.