But if you have a loan account which they will accept payment on, then surely you are still a member. It's not a case of them refusing membership. It's a question of them insisting on paying off the loan first - right?clareG said:The shares have been transferred off the loan and the loan written off to bad debt so the system will only accept payment off the loan so no shares can be lodged into that account. I thought a Credit Union could not refuse anyone membership if they lived in their common bond but they can refuse to loan them money. Thanks for the replies.
As I understand it, all shares held were used to repay some of the bad debt outstanding. That would imply that the (ex)member does not hold any shares and as such isn't a member. The current payments are not payments against a loan account (only members can have loans) but as payments against the outstanding bad debt.But if you have a loan account which they will accept payment on, then surely you are still a member. It's not a case of them refusing membership. It's a question of them insisting on paying off the loan first - right?
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