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Our investment policy

Kent Savers invests its surplus funds according to rules laid down by the Prudential Regulation Authority.  These rules are as follows:

A credit union may invest its surplus funds and funds serving liquidity purposes only in the following types of investment:
(1)  deposits or loans to a UK domestic firm with Part 4A permission to accept deposits;
(2)  deposits or loans to an institution which is authorised in any other EEA State to accept deposits;
(3)  sterling-denominated securities issued by the government of any EEA State;
(4)  fixed-interest sterling-denominated securities guaranteed by the government of any EEA State, provided that any guarantee is unconditional in respect of the payment of both principal and interest on those securities.

Kent Savers invests its surplus funds in banks and building societies with a UK operation and in accounts that are covered by the Financial Services Compensation Scheme.

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Kent Savers Credit Union Tel: 0333 321 9050 Email: info@kentsavers.co.uk Web: http://www.kentsavers.co.uk
Kent Savers Credit Union is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation and Financial Conduct Authorities - Firm No. 503258