BOOM! Credit Union is run by West Sussex and Surrey Credit Union. The merger has created a larger, financially stronger organisation that will ensure the long-term sustainability of the credit union movement in both Surrey and West Sussex.
The financial strength will ensure they can continue to look after all potential members across West Sussex, Surrey and Kingston upon Thames. Guildford Borough Council’s community wardens have been particularly supportive of work and efforts to engage with Guildford residents. They have over 6,000 members.
Local people and organisations have invested £4.2 million with in the credit union.The credit union works with many local schools and have set up Junior Savers schemes to encourage children to be responsible with their money from a young age. Since the launch, affordable loans totalling more than £6 million to our members has been achieved.
The credit union works with many local schools and have set up Junior Savers schemes to encourage children to be responsible with their money from a young age. Since the launch, affordable loans totalling more than £6 million to our members has been achieved.
The Name changed in 2022 to Boom Community Bank continuing to provide community-based financial services. It offers loans, savings accounts and everyday banking facilities and, in particular, sets out to support those on a low income or who cannot access mainstream financial services. Boom deals primarily with loans between £300-£15,000 and savings accounts of £85,000. Savings in Boom are protected under the Financial Services Compensation Scheme (FSCS). Savings in Boom support ethical lending practices in local communities.
Want to find out more?
Visit the BOOM! Credit Union website, or get in touch with their team:
Telephone – 01903 237221
Email – info@boomcu.com
Copyright British Credit Union Historical Society 2018 – All rights reserved
British Credit Union Historical Society 