Advance Credit Union

The credit union for anyone living or working in a 'B' postcode including Birmingham and Solihull

Advance Credit Union was founded in 1989 and has grown to be one of the largest credit unions in the Midlands. Anyone who lives or works in the 'B' postcode area can join, including Birmingham, Solihull, Tamworth, Coleshill, Redditch.

Membership has continued to grow to more than 5000 adults and 400 juniors. We hold assets of £3 million and lend over £2. 5m each year. We have head office premises in Erdington and community based Collection Points throughout our region.

Membership is open to people who live or work in the 'B' postcode area including Birmingham, Solihull Borough, Tamworth, Coleshill, Redditch. We encourage everyone to save regularly. Borrow from £300 to £8, 000.

In addition to savings and loans, Advance Credit Union offers a variety of other services including bill payment /debt management accounts, pre-paid Visa debit Accounts, tenant account and free life and loan insurance.

Unlike a conventional bank, a Credit Union is run by the people who use it. The ownership is co-operative, the control is democratic and the focus is mutual.

Credit Unions offer a convenient and safe way to put some money away for the future and to escape the trap of high cost loans. The best way to save regularly is by Standing Order or straight from your wages. It is possible to save in person at the Credit Union Office or at one of our community Collection Points. Members are protected by life and loan insurance for free so no one has to take on your debt after bereavement.

Advance Credit Union is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered number 213228. We are members of the Financial Service Ombudsman Scheme, and members of the Association of British Credit Unions Ltd (ABCUL).