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Day notes
Chris Roos edited this page Aug 6, 2014
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- CR - Added notes about prepaid card companies.
- CR - Signed up for a Kalixa Card account to see how it works.
- CR - Added notes about Simple.
- CR - Investigated Simple (formerly Bank Simple) and moved on to the offerings from prepaid card companies.
- CR - Spoke to ABCUL about our study group application and the possibility of becoming a supplier to the CUEP. It sounds as though there's no chance of getting involved in CUEP as they've chosen their supplier through a closed tender process. They have said that we can become a study group member and they're going to send the information required to make the transfer.
- CR - Finished tidying up my notes about the CUEP and adding them to this wiki.
- CR - Spent the day investigating the Credit Union Expansion Project.
- CR/JM - Met with JB to chat about credit unions and his and our plans.
- CR/JM - Interesting twitter conversation with someone involved in the credit union expansion project
- CR - Some research into bitcoin/blockchain
- CR - Research into the banks that offer accounts for credit unions
- JM - Finished migrating content from the Google Doc to the wiki
- JM - received London Community CU "welcome pack"
- Generic sort code & account number with membership number as transaction reference (c.f. London Capital CU)
- Need to physically validate identity in order to take out loan or transfer money to external bank account
- Need to phone them again to give them some "secure personal information" (a name, word or date that is special to me)
- Standing Order Mandate form which allows me to ask my bank to make regular payments into my CU account
- JM - asked UKCU about what current account facilities it's possible for a credit union to offer if they do not operate the CU Current Account
- the answer is not much!
- it is possible to offer Prepaid Cards which can be used to withdraw cash from ATM or make a payment in a shop (?)
- JM - downloaded and filled in London Community CU application form for CU Current Account
- need to take application form, photo ID and proof of address to one of their 4 branches
- JM - wiki gardening
- repo rename
credit-union->bank - moved/deleted content from our Google Doc
- extracted credit-union-specific content into its own page
- explained what bank-like entities we've considered
- repo rename
- CR - Registered for BACS transfer functionality from my credit union account to my bank account
- JM/CR - filled in and sent of the ABCUL study group application form
- chose name as "Free Range" so we can hopefully avoid having to fill in FCA/PRA form for permission to use "credit union" in name
- CR - Collected some information about the Co-op's Community Directplus account.
- CR - Spoke to the Co-op's credit union relationship manager about credit union current accounts and how some of the credit union software we've seen (from progress.ie and kesho) integrates with the co-ops online banking system.
- CR - Spoke to ABCUL about their credit union current accounts.
- JM - Asked UKCU about Study Groups and Credit Union Current Account
- JM - Activated London Community CU account and registered and logged in to online banking
- UKCU tell us you don't need to create an I&PS first. It seems as if registering a credit union is a superset of registering an I&PS.
- Respond to various comments and tweets - many offering support.
- JM/CR - Decided to focus on the project for at least another week.
- JM/CR - Started Trello board.
- JM/CR - Drafted a manifesto to try to help us keep focussed.
- CR spent most of the day working on switching us over to a new Linode instance so the credit union project took a backseat today.
- CR can now login to Credit Union online but it doesn't show my balance of £10.
- JM spent most of the day writing the day notes for Friday and the GFR week notes.
- JM started reading about alternatives to credit unions - friendly societies, building societies.
- JM created this wiki.
- JM in contact with UKCU - they're being really helpful.
- CR added some notes about going through the PRA credit union application form.
- CR/JM chatted about how we were getting on and whether it's sensible to continue.
- JM reminded us of the chat we had with Josef Davies-Coates in the past.
- JM heard back about his credit union.
- JM investigating becoming an IPS.
- JM found a number of (what appear to be) alternatives to ABCUL.
- CR trying to understand the various ways in which money can be transferred between banks.
- CR received notification that my online account had been set-up but that it might take 48 hours before I can access it.
Credit Union Day 2 on the GFR blog.
Credit Union Day 1 on the GFR blog.