Latest News Stories
Are your children staying in education beyond 16 years? Then you must inform the Child Benefit Office every year. Child Benefit stops on 31 August after your child’s 16th birthday. Parents or carers can continue to receive child benefit If they continue within approved education or training, but you must tell the Child Benefit Office. You can notify them online, by post or phone 0300 200 3100. Find our more on the Government website www.gov.uk/child-benefit-16-19
Child benefit paid to your credit union account? Repay your loan via child benefit? Check you are receiving the correct amount by logging in to internet banking. We will contact you if there is insufficient funds to cover your loan repayment.
Our office will be closed on the Bank Holiday Monday 26th August. Benefits due on Monday will be processed on Friday 23rd August.
Note that share withdrawal requests made after 4pm Friday will not be processed until the following Tuesday.
The Castle Vale Festival is this Friday 11am-4pm at Castle Vale Stadium, Farnborough Road.
Advance Credit Union will be there, come say hello!
Regulators have now approved the transfer of Small Heath and District Credit Union to Advance Credit Union. A very warm welcome to the Small Heath members who have now joined us!
All Small Heath CU Members have been sent a Welcome Pack – please contact us if you haven’t received yours.
Just in case you missed it – BBC Radio 4 Moneybox article about child benefit loans with credit unions. More than 2,000 of our Members save and borrow with child benefit. A simple way to borrow affordably and build up savings for something special or a rainy day.
Big news for us today! We’ve been awarded 5 stars by the Fairbanking Foundation for our loan products. The award is based on an independent assessment of our loan products plus positive feedback from our Members.
Improving our customers financial well-being and treating our Members with dignity are core to what we do so we are delighted that this has been independently verified by the Fairbanking Foundation.
Thanks to everyone who came along to the Chamber of Commerce Networking lunch at Cookes Furniture in Erdington Wednesday 3rd July. We are proud to be the event sponsor for our first Birmingham Chamber event. We thoroughly enjoyed meeting everyone and looking forward to meeting more Midlands businesses. Congratulations to prize-draw winner Angela at Centrepoint Print.
Visit our Business page for our services for business in Birmingham and Solihull Borough.
Thanks to everyone who has completed this year’s great big Member Survey, the survey is now CLOSED! Two years ago we had a fantastic response, so we are really looking forward to seeing this year’s results and reading Members’ comments. Advance Credit Union is for members, run by members so your feedback will help us improve our services.
We will announce the winner of £50 shopping voucher really soon!
Thanks also for the amazing reviews left by Members on our Facebook page. We know that most people join credit union because their friend told them about us, so please share our Facebook page on your timeline.
Borrow £3,000 – £8,000 from just 9.4%APR
Borrow £1,000 – £3,000 from just 19.6%APR
Borrow £300 – £1,000 from just 21.9%APR
No need to save first (but it helps to get the best rate)
Loan offers are subject to affordability and credit check.
Find out more about our loans.
Just in case you missed it – BBC Radio 4 Moneybox did a programme about credit unions on 5th June, featuring the great work of ClockwiseCU in Leicester, Robert Kelly CEO of ABCUL and Dr Paul A. Jones, Head of the Research Unit for Financial Inclusion at Liverpool John Moores University.Listen now