Glad you have your Blues and Twos emergency fund to fall back on?
Home > Glad you have your Blues and Twos emergency fund to fall back on?
We are all in this together…
Many of us have never experienced such times as these and we hope never to have to experience them again. We hope members are managing to stay safe. This includes looking after your physical and mental health. Your well-being can be affected in different ways. Financial worries are just one way that can affect your well-being. There is something to be said about regular saving and we are pleased to be helping over 8500 members access Lancashire and Cumbria with just this ‘every month’. In return we paid a 1.4% dividend on all savings in 2019. This has encouraged many of you to increase your monthly save. Your savings can help you cover additional unplanned costs maybe as a result of the current Coronavirus Covid-19 situation. Please read on and see why we recommend you having an emergency fund. Saving isn’t always easy but rewarding and essential for your financial well-being. V Harrison, CEO
Why do you need an emergency fund?
Experts suggest that you need a liquid fund of at least 3 – 6 months of living expenses. This is to help if you are struggling to pay bills or find yourself not able to cover unexpected expenses.
Your emergency fund is there to give you peace of mind in the event of an unexpected financial blow, and can help you from staying out of debt. Your emergency fund will be as important as ever with the current situation. Here are some reasons you should have an emergency fund:
You only have one income
Your emergency fund can ease you through an unexpected job lose or illness that stops you from working. This is more important than ever with the Coronavirus stopping all but key workers from working.
It is suggested that if you are a one-income family or single, you should have 3 – 6 month worth of expenses in your emergency fund. Blues and Twos credit union will help you do this, with regular saving direct from source.
You own your own home
When it comes to owning your own home there are necessary repairs and upkeep bills you need to keep in mind. Most people have homeowner’s insurance, however there are expenses that aren’t covered by insurance. That’s where your emergency fund comes in, the ability to pay for unforeseen, but necessary, home repairs, all without having to put large sums on your credit card. Blues and Twos credit union will help you save for these.
You have medical costs
Most of us are entitled to free healthcare from the NHS, however dental and eye care comes out of your own pocket. Dental and eye care can both be very expensive, that’s why a well-funded emergency fund can help you deal with these costs and make it easier to get through.
Blues and Twos offer you an instant access savings meaning you can get your money out whenever you need it.
Car repairs and maintenance
Having a working car is critical for most working people, if you find yourself without a car you may find it difficult getting to the office or may have to turn to public transport which could quickly become expensive, if you need to travel far.
One common reason for an emergency fund is to cover you for those unexpected car repairs or emergencies. The most common car repairs like new brakes, spark plugs or timing belt could set you back hundreds of pounds.
Be Prepared for anything
While you can’t ever fully prepare for life’s emergencies, the reasons for an emergency fund is long: your toilet could overflow, you may need to travel last minute to see an ill relative, you get a flat tyre, the list goes on.
Blues and Twos credit union encourages you to save for these unexpected payments, we offer instant access savings accounts to the emergency service workers, council workers and education workers and more in Lancashire and Cumbria. Click here to find out how to join.
We are people helping people, through these difficult times. Stay safe.
Blues and Twos Credit Union is “Here to help you Save, and there when you need to Borrow”. Owned entirely by its members and managed by a trained and professional team.
The Blues & Twos team are passionate about improving the financial well-being of all members and offer you regular saving encouragement and affordable credit union loans, repayments direct from your pay or pension, which means that you save as you borrow.
Regular savings direct from salary that you can withdraw at anytime, no account fees, no annual charge, annual dividend payment.
Affordable loans up to £25,000, with no early redemption fees or hidden costs, repayments directly from your wage.
Free life cover on your savings up to the age of 75, at no extra cost.
We help over 8800 members to manage their finances, we encourage you to join today and start enjoying the benefits.
With a non-profitable credit union, we put the focus on ensuring that you are always provided with the best service, rather than maximising profits. This way, the credit union is run with the end goal of rewarding the members. Join Blues and Twos today!
“Introduce A Friend” Competition Winner
Ken, an NHS employee from the Blackpool area is the lucky winner of our recent “Introduce a Friend” Competition winning a £50 credit to his Blues and Twos account’. Ken found out about Blues and Twos via his colleague. For more information on our Savings accounts, please visit our website. Already a member, introduce your […]
A little Eggstra for Royal Preston Hospital childrens ward…
A little ‘Egg’stra for Royal Preston Hospital children’s ward… Vicky Harrison, Blues and Twos CEO, said “it was lovely to meet with the team on Ward 8 and so pleased they will find good homes for the chocolate eggs from our Easter competition”. Thanks to all our members who entered the guess the eggs competition […]
An Eggstra special Easter for one member… Thank you to everyone who took part in our “Easter Guess the Eggs” competition, over on our Facebook page. We are delighted to announce Christina Ibrams guessed the exact number of eggs and said “ My guess is 41 eggs and donate to a children’s ward or food […]
As a regular user of online banking Apps on your mobile device, tablet or PC you can arrange to view all your bank accounts in one place. You may have already done this with your bank or building society. Registering for Open Banking is so easy and helps you gather your bank statement data really […]
Easter is not cancelled, over the Easter Holiday period, entitled ‘Discover Camp’ , is here to make your children’s Easter the best one yet! Here is some important information about the offer and some key information / resources for parents / carers, so they can benefit the most during the holiday period. The Lancashire HAF […]
It’s competition time! Visit our Facebook page, comment your guess on our pinned post, then like our page to be in with the chance of winning a £50 voucher. This competition is only available for members of Blues and Twos Credit Union, if you are not a member, see if your eligible to join here. […]
It’s a WIN for the Blues and Twos Marketing Officer…
Celebrating the achievements of this year’s Credit Union Futures students at a first ever online graduation event for the Association of British Credit Unions. Congratulations went last night (11th March) to Blues and Twos Marketing Officer, Jonathan Boult, who with Emily from Advance Credit Union, won best final presentation. Vicky Harrison, Blues and Twos Chief […]
Consolidate your high-interest cards / loans into one single Blues and Twos loan with affordable monthly repayments. A Blues and Twos Consolidate and Save loan will put all your credit in one place and we encourage you to save each month. Applying for a loan with Blues and Twos could mean that you are paying […]
The Winners of the December Blues and Twos Society Bumper Lottery draw are now available to view. “You have to be in it – to Win it!” The Bumper Draw, involves an additional prize of £1,000! If you would like to join, or increase your number of chances, send an email to email@example.com with your a/c […]
Welcoming members to our first ever online AGM, Michael Beeston, Chair of Blues and Twos addressed the membership and spoke of the very different year including the positive technological drive to further improve services to members during the current pandemic and thanks to the organisations who partner with us encouraging their employees to save via […]
Blues & Twos recently received paperwork from an Individual Voluntary Arrangement (IVA) company. Our member owed a maximum of £5,900 across three creditors (3 loans/credit cards). The IVA company wanted to charge our member £3,750 in fees (63.5% of the members total debt) and this was just to set up the arrangement. This fee, added […]
Blues and Twos have had their 5* Fairbanking award renewed for the third year in a row! The Fairbanking Mark was awarded by the Fairbanking Foundation following a rigorous assessment which includes independent research involving borrowing members of the credit union. To receive the Fairbanking Mark, this research had to confirm that members have changed […]
A big congratulations to Monika Byrne, a Teaching Assistant at a school and is this quarters loan survey winner! Monika completed one of our loan surveys and was entered into our quarterly draw for £25 credit into their account. “I have always found my experience with customer service to be fantastic. Every member of staff […]
NIVO is encrypted and secure. Chat with us online Mon-Fri 10am to 4pm. Here to answer your saving and borrowing questions. Helping you provide any documents and information we may need for your applications and transactions secure and fast.
Backup Buddy is the mental health app for UK Police and Police staff, if you need any support or advise please get in touch with them by clicking here. The App covers a range of problems faced by officers and staff in the Police Service, such as anxiety, anger, depression, stress, Post Traumatic Stress Disorder, […]
We are proud to be mentioned in the Lancashire County Councils guidance on where to find help if you are worried about your finances: Worried about money? If you or a member of your family are worried about reduced income as a result of the Corona virus this information will be useful to you. 1. […]
Glad you have your Blues and Twos emergency fund to fall back on?
We are all in this together… Many of us have never experienced such times as these and we hope never to have to experience them again. We hope members are managing to stay safe. This includes looking after your physical and mental health. Your well-being can be affected in different ways. Financial worries are just […]
The current global Coronavirus pandemic, Covid-19, along with the suspension of flights to affected countries are already featuring as ruses being used by criminals to convince people to hand over information. Criminals use many tactics to try and defraud people and convince them to hand over sensitive personal or financial information. The mode of attack […]
These are difficult times for all organisations and in light of the government advice over the weekend around tackling the spread of the coronavirus (COVID-19) and possible further restrictions to come we have been considering how we can maintain all members services and keep our staff team safe. We have already instigated our Business Continuity […]
It remains business as usual for the team at Blues and Twos, however as Corona virus spreads, we would like to update you on what we are doing to minimise any potential disruption and continue to provide you with the service you expect from us. We already have a business continuity plan in place for […]
10 Reasons a Credit Union Loan is Better than a PCP Agreement
Personal Contract Plans, or PCPs, have recently become a popular way to finance a new car. Many dealerships can offer you a very attractive-sounding deal on the spot – affordable deposit, low monthly payments, and trade in the new car after 2-3 years… what could possibly go wrong. Victoria Harrison, Blues and Twos Chief Executive […]
“For some people it just means a little more effort. Some believe they are, some believe they can never be – Controlling your finances isn’t easy but once you start you will be more positive” says Victoria Harrison, CEO, Blues and Twos Credit Union . Saving a little each month on payday, being confident towards […]
V Harrison, CEO, Blues and Twos Credit Union It is a while since I ‘blogged’ so please bear with me on this…. The Government remain keen to expand the provision of financial services and consider credit unions to be relatively new at achieving recognition for safe savings, and community engagement. We know credit unions […]
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Log in to Astute – https://lancashire.astute-elearning.com/Content/LXP/LXPLogin.aspx Astute is the LCC corporate elearning system and includes corporate elearning such as induction and health and safety. Please register for Astute using a unique work email address where possible.
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Passing of Blues and Twos former Supervisory Committee Chair
It is with great sadness we inform you on the passing of John (Jack) Ward on Thursday October 24th, aged 81 years. Jack joined Preston Borough Police in 1963 and worked his way up to Head of Scenes of Crime and Federation Chair before retiring in the mid-1990’s as a Detective Inspector. Jack volunteered his […]
Over the past couple weeks we have received feedback from our loan process. Some members were finding it confusing to sign their agreement electronically, therefore we have reviewed our system and made a couple tweaks to make it easier for the members. We’ve put all the loan information required into one, easy to read, email. […]
This September take time to talk, think and change… RELAX and let Blues and Twos help you with regular saving and ethical borrowing. Enjoy the range of benefits when you join today, like: Instant access to your savings FREE life cover on your savings (T&Cs apply) Flexible/Affordable low cost loans £10 when you recommend your […]
Congratulations to our member Mr Buckley on winning our Feedback Prize Draw. The Feedback given was: – Was the online loan application easy to understand: Yes Was the online loan calculator easy to use: Yes Was the information we provided on receipt of your application useful and informative: Yes Comments: I don’t think you could […]
Our lending team are working hard to approve members holiday loans as quickly as possible, funds are paid directly into your bank account THE SAME DAY. No Administrative fees, no Penalty for repaying early click here to calculate your repayments now.
The Fairbanking Mark was awarded by the Fairbanking Foundation following a rigorous assessment which includes independent research involving borrowing members of the credit union. To receive the Fairbanking Mark, this research had to confirm that members have changed their financial behaviour for the better by having the product. Following the 5 stars Award, on behalf […]