Administration of the Scheme

Membership Fees

There is no interest on credit in Reekies, however running a LETS group does require some money in pounds sterling to cover costs like renting venues, photocopying, postage, etc. Therefore, new members are charged a fee of £7 (£4 Low/Unwaged, £10 for Households) and unfunded organisations, £25 for funded organisations, and there is a £5 annual fee for continuing members.

The Social Fund

The Social Fund was set up to help out disadvantaged members who need a little help paying for LETS services. When members leave, some are kind enough to donate their spare Reekies to the Social Fund. The funds are limited, but they help tide people over a bad patch or launch them into LETS trading without incurring too large a debt. The Social Fund is quite new to Edinburgh LETS, so it is still evolving. If you have questions about the social fund, please ask the Reekie Treasurer.

The Organising Committee

The LETS organising committee exists to keep the scheme running, organise events, and enrol new members. The committee are paid in Reekies. All members are welcome to help out with this core group: the more people who share the work, the more energy will be available to devote to advertising and expanding the scheme. There are many ways you could help out: you could stand for a committee post, or offer short-term help. Quarterly newsletters, the directory, and trade fairs all need lots of short-term volunteers. If you want to suggest an event, please do so! You can earn Reekies by helping with the admin - just get in touch.