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Boom Community Bank

Financial Services

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Boom Community Bank

Overview

Boom Community Bank is a not-for-profit financial co-operative owned and run by its members. Our purpose is to deliver financial inclusion across Berkshire, Kingston upon Thames, Surrey and West Sussex. We believe that everyone should have access to loans at fair rates, savings and bank accounts. By providing this, we prevent many local people from turning to high-interest and payday lenders which can lead to spiralling debt. This has far-reaching benefits for individuals, their families and the wider community. If you need to borrow money but can’t access the best rates because of financial difficulties in the past, loan sharks and high-interest lenders will want to take advantage. Don’t get bitten - come to us. Perfect credit history isn’t important to us, helping local people avoid unfair interest rates is. Low income or on benefits? It doesn’t matter to us, you’re still welcome. It’s not all about borrowing with Boom. Every loan is the start of a savings plan to build financial resilience. If you don’t need to borrow but want to do something more meaningful with your savings, you could keep it safe and local in Boom! The money you deposit in Boom Community Bank makes it possible for us to give affordable loans to other local people, helping them pay for unexpected emergencies and the things they need. Savings in Boom Credit Union are FSCS protected. Boom Community Bank is the trading name of West Sussex & Surrey Credit Union Ltd. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FCA Firm no 475226