About Advance Credit Union
All about fees and charges
There are NO hidden fees or costs involved in transactions with the Credit Union. We do charge a £2 joining fee and all our Members pay an annual £2 fee. Find our more about our fees and charges.
History of Advance Credit Union
Advance Credit Union was founded in 1989 as the Erdington and District Credit Union Ltd by a group of people with a common interest who joined together to save money and then loan it out to each other at a small cost. In 2004 we became the North ...
Why we charge a joining fee
Credit Unions exist for the benefit of their members; therefore each individual saver has to become a member and we have to charge a joining and an annual membership fee. Most of this fee is passed on to our trade organisation the Association of ...
Who runs the credit union
Advance CU staff teamThe day-to-day operation of Advance Credit Union is by a team of paid employees headed up by the CEO. Volunteers and partner organisations also operate the Community Collection Points. We have a volunteer board of directors who ...