Boom! Credit Union

Boom! Credit union is now available through payroll.

Formerly known as Surrey Save, Boom! Credit Union is West Sussex and Surrey Save working together to provide a safe and ethical alternative to payday lenders and rent to buy shops.

What makes them different?

Boom! Credit Union encourages everyone to save, even borrowers. Yes, you can save at the same time as borrowing, confident in the knowledge that your savings help others in your local area with affordable loans. It works because part of your debt repayments go into a small savings account that matures when the debt is paid off. Debt gone – and the reward is your savings going into your bank account.

Boom! Credit Union really is the local alternative and the household name for personal, friendly, local saving and borrowing in Surrey. This really is local money working to help local people. And your money is 100% safe as it is protected by the UK Government's Financial Services Compensation Scheme (FSCS).

So if you want to start saving for a holiday, have an unexpected bill or just need some help to get your finances back under control then don't delay – apply today via Boom! Credit Union. As a Council employee you will get a preferential loan rate. Your application is confidential too – payroll will not know if you are a saver or a borrower.

But don't take our word for it. This is what one of our customers said about us, "My debt problems have been solved. I feel a million times happier. On top of that I have a savings plan in place which I never thought I would be able to achieve!"

Frequently asked questions

How much can I borrow?

Anything from £100 to £10,000*.

How much would I have to pay in interest if I take out a loan?

Surrey County Council employees get a preferential loan rate which is lower than that offered to other customers. The rate we can offer depends on your circumstances and the amount you borrow. Use our loan calculator for more details.

Aren't there cheaper rates available on the high street?

There may be, however some people like those on low incomes or who may have a poor credit history may find it more difficult to get a loan. Boom! Credit Union offers a cheaper, safe alternative to payday or doorstep lenders and rent-to-buy shops.

Are there any other charges?


What happens if I want to repay the loan early or my circumstances change?

There are no penalties if you repay the loan early. We know that unexpected things can happen which can sometimes make it difficult to keep up with loan repayments. If this happens to you please get in touch so we can work out how we can best help you.

How long will it take to get the money?

If you have borrowed from us before then we may be able to get funds to you on the same day. If not, this could take up to 4 working days.

Will my employer know about the loan?

Any correspondence you have with Boom! Credit union is completely confidential. The only information Surrey County Council receives from Boom! Credit Union is your request for deductions via payroll.

What are the rates for savers?

Boom! Credit Union offers a safe place for your savings. Money is 100% guaranteed under the Financial Services Compensation Scheme. As a reward for saving with us we pay an annual dividend usually in April. Last year we paid a dividend of 1%. The amount we pay is agreed by our members at our Annual General Meeting.

How can I apply?

Applying for a savings or loans account is easy – simply visit the Boom! Credit Union website and fill in the online application and payroll deduction forms, email us at, or call 01903 237221 10am – 3pm Monday to Friday.

Why have you changed your name from SurreySave to Boom! Credit Union?

SurreySave members voted in favour of a merger between SurreySave and West Sussex Credit Unions (WSCU) at two Special General Meetings on 8th August and 1st September 2016. This has created a larger, financially stronger, merged organisation that will ensure the long term financial sustainability of the Credit Union movement in Surrey and Kingston.

Where can I get help if I have concerns about money?

You can contact the Employee Advice Programme on 0800 243 458, or the Money Advice Service 0300 500 5000.

About West Sussex and Surrey Credit Union

West Sussex and Surrey Credit Union is a community, financial co-operative owned and run by its members for its members. It provides an ethical local alternative to both mainstream financial service providers and pay day lenders.

129 Montague Street, Worthing, West Sussex BN11 3BP. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Ref: 475226. All deposits are protected under the Financial Services Compensation Scheme.

*All loans are subject to affordability and credit checks.