Latest News Stories
Child benefit loans on BBC Moneybox
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.
Read the BBC news article or listen to Moneybox
Fairbanking 5 Star award
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.
Member Survey 2019 is now closed
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.
Can credit union beat your bank?
Loans from Advance Credit Union are more competitive than you might think for any value up to £8,000. Holiday, debt consolidation, new vehicle, or household expenses – give us a try!
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.
JICYMI – BBC Moneybox on credit unions
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.
Bank Holiday Opening
Our office will be closed on the Bank Holiday Monday 27th May. Benefits due on Monday will be processed on Friday 24th May.
Note that share withdrawal requests made after 4pm Friday will not be processed until the following Tuesday.
We are Hiring!
Advance Credit Union are looking to recruit a Strategic Business Development Partner and a Senior Customer Services Officer. Two new roles that will be instrumental in helping Advance to deliver an ambitious programme of growth to increase our membership and diversify and extend the reach of our product portfolio. Through your commitment and skills, you will be at the cutting edge of advancing our customer service offer and helping us to deliver truly 21st century financial services to the communities of Birmingham and Solihull.
Are you looking to give something back to your local community and work with a ‘not for profit’ organisation which is making a real difference through providing ethical financial services including credit at fair and reasonable interest rates as well as promote saving and good money management? If the answer is yes, and you believe you can match our ambitions and have the necessary skills and determination to make a difference to the Credit Union, we would welcome your application.
Easter Opening
Our office will be closed over Easter, opening hours are below. Note that share withdrawal requests made after 4pm Thursday 18th April will not be processed until Tuesday 23rd April.
| Thursday 18th April | Open 9.30-4pm |
| Good Friday 19th | CLOSED |
| Saturday 20th April | CLOSED |
| Sunday 21st April | CLOSED |
| Monday 22nd April | CLOSED |
| Tuesday 23rd April | Open 9.30-4pm |
1% dividend Paid
This year’s dividend has been credited to Members’ credit union savings.
1% – that’s a better return than most high street banks!
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Members AGM 2nd March 2019
Our best attendance ever!
Thanks to everyone who attended our Annual General Meeting (AGM) today, Saturday 2nd March 2019. 33 members is a new attendance record!
Thanks also to Oikos Cafe on Erdington High Street for providing our venue.
We are pleased to confirm that the AGM approved a 1% dividend on savings, this will be processed on members’ accounts as soon as possible.