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 British Credit Unions Ltd (ABCUL) which supplies us with support on policy and development. AdvanceCU aim to keep the membership fee as low as possible.
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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 ...