Last updated:

17th January 2024

Get help with savings, loans and debt consolidation

Join a local credit union dedicated to serving the financial needs of local residents

A credit union is a not-for-profit financial provider that helps people access services such as loans, debt consolidation, savings, and current accounts.

  • run by members to benefit communities rather than to make a profit
  • able to help those turned away by other providers

Your local credit union - Boom Community Bank

Wokingham Borough’s credit union is Boom Community Bank Berkshire Credit Union became part of BOOM, which has more than 12,000 members, in 2024.

Membership to Boom Community Bank is free for people who live or work in the borough. You automatically become a member when you access any of their services.


Some benefits of becoming a member are:

  • help to save regularly
  • access to affordable loans
  • support managing finances

How Boom could help you

  • Consolidation loans to reduce borrowing costs

  • Family loans repaid directly by Child Benefit
  • Loans for people with low incomes and credit scores
  • Build future savings as you repay a loan
  • Open a current account without any credit checks
  • Help with savings and loan repayments through payroll deductions

Free money management tools and benefit calculator 

Money Focus at Boom Community Bank offers simple, practical help for affordable borrowing, managing money, and saving. Access free tools and resources to help you make the most of your money.

About credit unions

Credit unions must be registered with the Financial Conduct Authority (FCA). They are registered and regulated by the Registry of Friendly Societies under the Industrial and Provident Societies Acts and the Credit Unions Act 1979.

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