Draft:Boom Community Bank
Boom Community Bank is Credit Union operating in the UK
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Boom Community Bank is a credit union operating in the South of England. It provides savings accounts and affordable loans to members across Berkshire, Surrey, West Sussex, South Oxfordshire, South Buckinghamshire, East Hampshire and Kingston upon Thames.
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Submission declined on 5 March 2026 by AllWeKnowOfHeaven (talk).
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Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. Southeastbank (talk) 23:01, 4 March 2026 (UTC)
Credit unions in the United Kingdom operate as member-owned financial cooperatives and are regulated by the Prudential Regulation Authority and the Financial Conduct Authority.
Background
Boom Community Bank was formed in 2016 through the merger of West Sussex Credit Union and SurreySave Credit Union.[1]
The organisation later expanded through additional mergers, including the integration of Berkshire Credit Union in 2022, extending membership across Berkshire and neighbouring counties.
Activities
Boom Community Bank provides savings accounts and loans to members and works with local authorities and community organisations to support access to affordable credit.
In 2025 the credit union was featured on the BBC Radio 4 programme Money Box, which examined the role of credit unions in helping borrowers refinance high-cost debt and reduce repayments.[2]
Regional media coverage has highlighted the use of credit union loans to help borrowers consolidate debts and move away from higher-cost forms of credit. [3]
Local reporting has also described partnerships between the credit union and councils to provide community loan schemes designed to offer alternatives to high-cost lending.[4]
Community Role
Coverage in local publications has described Boom Community Bank’s work in Surrey and Hampshire supporting residents with access to affordable lending and financial education.[5]
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