About Us

Loans, savings and current accounts. If you live or work in our area, we’ve got you covered.

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About us

Good to know

We are not-for-profit. Our operating surplus goes back into our services or is paid as dividends to our members.

We offer products that often aren’t available on the high street.

We try to understand your individual needs and will always consider helping those the banks refuse to help.

We help you control your finances and build savings as you repay your loan.

We are local - our staff live locally and we support local community causes.

We are friendly, approachable and interested in you, our customer.

Our vision

To ensure that all local communities throughout Boom's common bond area, that is, people who live or work in West Sussex, Surrey, Kingston, north Hampshire and Berkshire, benefit from the presence of a local, well-known and trusted financial cooperative that helps its members to understand and control their finances and thus offer them the opportunity to enjoy the peace of mind that personal savings and affordable credit can provide.

Our Task

To build a different kind of bank, a mutual cooperative that has the interest of its members at the heart of all its services and offers them financial security, efficiency, instant account access, friendly support, affordable credit, encouragement to save and policies that are simple, clear and fair for all.

About us

Our purpose

Boom Community Bank is a not-for-profit organisation focused on the needs of our community. We are a local cooperative owned and controlled by our customers, our members. We exist to provide ethical financial services not available elsewhere.

Boom Community Bank is part of Britain’s 300-strong nationwide network of Credit Unions. We work with our community partners to address local community financial needs, spanning our common bond area, which stretches from the M4 in Berkshire to the South Coast (see below). If you live or work in our common bond, become part of our community and join us today.

 

About us

Our Common Bond

Boom Community Bank exclusively serves the communities within our common bond. Everyone living or working in the listed areas may access our services.

  • Berkshire
  • South Oxfordshire District
  • Kingston upon Thames
  • Surrey
  • West Sussex
  • East Hampshire (Basingstoke and Deane, Hart, and Rushmoor Districts)
  • South Bucks and Wycombe Districts

Employees of Legal & General Group and tenants and employees of Paragon Asra Housing (PA Housing) may also join.

Timeline

Our history

2008

West Sussex Credit Union was founded. Membership:1,000

2011

East Grinstead Credit Union joins. Membership: 2,500

2012

Crawley Credit Union joins. Membership: 4,000

2016

SurreySave Credit Union joins. Boom Credit Union was registered as a trading name. Membership: 8,000

2022

Berkshire Credit Union joins. Boom Community Bank was registered as a new trading name. Membership: 12,000

2023

£28.8 Million disbursed in loans to-date. Membership: 12,500