Do you believe in making life a little bit fairer? Join over 6,000 other local people and organisations that do too.
Who can join?
You can join Boom! if you live or work in West Sussex, Surrey or Kingston. Or if you work for, or are a partner in an organisation that is based in these areas.
How to join
To become a member of the credit union you can open a savings account or apply for a loan.
Why join us?
Why put your money in a credit union rather than a high street bank?
Get fair rates on loans and savings
Were a community bank that believes in fairness. We give our members a fair return on savings and offer low-cost loans.
As a Boom! member your savings are shares in our credit union. Each year all of our profits are shared between our members, and you get paid a dividend on your savings, or the balance of your current account, rather than interest. In 2014/15 our dividend was 1%.
Our aim isnt to make huge profits for faceless shareholders. The money that you save with us and the interest paid on our loans is used to pay dividends and make affordable loans available to other local people.
Know that your money is safe
Were regulated by exactly the same authorities as high street banks.
Your savings with the credit union are protected by the Financial Services Compensation Scheme. So, if for any reason the credit union was to fail you would get all your money back.
Were also regulated by the Financial Conduct Authority and the Prudential Regulation Authority, who make sure that we meet the highest ethical and security standards.
Access your money from anywhere
Move your money when you need to using our secure app or website. Or if you prefer, you can call us or come into our offices and we can move the money for you or issue you with a cheque. All savings can be accessed without any notice and transferred into another bank account within a few hours.
Keep your money local
The way we work is simple. Local people and organisations save with us and we use the funds they deposit to make affordable loans to other local people. We charge fair interest rates on these loans to keep the organisation running and to pay a dividend to our savers if we have a surplus. We dont invest our money in hedge funds, foreign countries or questionable industries.
By joining us you know exactly how your money will be used - ethically and locally.
Strengthen your community
Everyone in the community is better off if more people can get the money they need to pay for the things that are important to them. Making it hard for people to get bank accounts or affordable loans causes huge stress, which in turn causes social and health problems.
Were here so that people who cant get a high street bank account can access financial services, and so that people whose only other choice would be getting a high-interest payday loan or using a doorstep lender can get loans at reasonable rates.
By joining us, you can help to fight poverty and financial exclusion in West Sussex, Surrey and Kingston.
Have a say in your financial services
A credit union is a co-operative. Every member has an equal vote in who our directors are and a say in the services we should be offering.
There are all kinds of ways that you can get involved in the running of your credit union.
Find out more about working with us
Live your values
Were a not-for-profit organisation that exists to give everyone who lives or works in West Sussex, Surrey or Kingston access to fair financial services, including loans.
We believe in fairness, inclusivity, respect and responsibility. By saving with us and becoming a member, you can support and help create financial services that promote these values.