East Sussex credit union

Originally registered on 8th August 2000as Brighton East Area Credit Union later in 2004 to become known as Brighton & Hove Credit Union Limited.

In 2006 it became City of Brighton & Hove Credit Union Limited. The name East Sussex was followed in 2007 opening the credit union to all people living and working in East Sussex, Brighton & Hove and all members of Unite the Union in the South-East Region.

They became one of the first credit unions in the country to create their own Facebook app.

In 2015 the credit union was paying 2% INTEREST per year on all Young Savers Accounts; making for a really nifty return compared to some of the rather meagre alternatives available from High Street lenders

The really good news is that this offer is available to new and existing savers, just so long as they’re under 16.

East Sussex Credit Union in 2020 launched interest-free Tide-Over crisis loans in partnership with Sussex Crisis Fund &  Devonshire West Big Local, for people struggling financially during the coronavirus lockdown.

The funding will cover lending capital and admin costs so that the credit union can help households with interest-free Tide-Over Loans up to £300.

These loans will help recipients to maintain their housing, pay their bills, and feed their families. They will also benefit by becoming credit union members, getting positive messaging about good financial management, budgeting and an option to get a prepaid debit card. Loans will be processed next working day, and will not require a first payment for 3 months.

Wave Community Bank have been announced as a winner of the Credit Union of the Year category in the Corporate LiveWire Innovation and Excellence Awards 2022. Leading up to being awarded the award, the credit union rebranded from East Sussex Credit Union to Wave Community Bank. The rebrand was driven by a desire to have a name that would reflect their work in the local community, and to attract younger members looking for a local ethical financial service. Most recently, Wave Community Bank  announced that it has reached a milestone of £4.5 million in savings

Want to find out more?

Visit the East Sussex Credit Union website, or get in touch with their team:

Telephone – 0300 303 3188

Email – info@eastsussexcu.org.uk

Copyright British Credit Union Historical Society 2018 – All rights reserved

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