We were very sorry to see Birmingham Inner Circle Community Credit Union Ltd, better known as Circul8 enter administration in September . They had been serving the community of Ladywood since 1987. As discussed at the AdvanceCU AGM, we had proposed a merger with Circul8, we had been working with Circul8 board and staff for some time and we are very sorry that a merger had not been possible. 

What will this mean for Circul8 Members?

  • Circul8 is now managed by the appointed administrators, Quantuma Advisory Limited, see the Circul8 website for details: www.circuleight.com
  • Members savings are safe. All Circul8 have been sent their savings by the Financial Services Compensation Scheme (FSCS). Any of their Members who have not received their savings back must contact Quantuma.  
  • Outstanding loans must continue to be paid to Quantuma.
  • Circul8 Members are very welcome to join AdvanceCU as a new Member and apply for a loan if they wish. We will not charge the usual £2 joining fee for any existing Circul8 Members joining us before 31st December 2022 
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