What credit union can do for you

As a housing association you will want the best for your staff and tenants whilst managing the risks of rent arrears and fulfilling the requirements for tenant engagement, financial information and advice plus ESG and satisfying corporate social responsibility. If you’re based in the ‘B’ postcode region, we can help you. 

Credit unions have a long history of working with local authorities and housing associations supporting staff and tenants. Our mission is to help our Members feel in control of their money, budgeting prudently and borrowing responsibly when appropriate. Fair4All have recently commissioned a report into Unlocking Tenant Financial Resilience; building partnerships between housing associations and community finance providers. The full report and a summary is available to download here

Here at AdvanceCU, we work with Solihull Community Housing and Pioneer Housing supporting their tenants and residents with access to our affordable loans plus simple savings. Plus we provide simple and convenient payroll deduction service for their staff. 

AdvanceCU is very much a community credit union; more than 50% of our Members are tenants of a local authority or housing association, a further 30% rent from a private landlord. We have many years experience receiving and managing benefits payments, more than 2,000 of our members manage their child benefit with us, plus more with UC, LHA, DLA, Direct Payments. We also manage LHA for private landlords.

What’s more, tenants and employees have access to the range of services offered by AdvanceCU:

Engage Visa Prepaid Card – balance of benefits paid onto a prepaid card; pay at the till, cash from ATM, can’t go overdrawn.

Bill Payments – make sure your essential bills get paid

Affordable Loans – subject to affordability

Internet banking – manage your money 24/7

Regular Savings – build up a financial safety net (mandatory with our loans)

Christmas Club – 25th December every year – be prepared

Life Insurance – included free on our savings and loans (terms and conditions apply)

Contact us at business@advancecu.org.uk for more information about how we can help you build a package of benefits for your tenants and employees.