WELCOME

Welcome to Fusion Credit Union Ltd, the Community Savings and Loans Bank serving persons living or working in South and East Staffordshire (the areas covered by Lichfield District Council, Cannock Chase District Council Tamworth Borough Council and East Staffordshire Council).

Run entirely by local volunteers we offer Savings Accounts and affordable flexible loans to our members.

Please navigate around the site to find details of membership and our services.

Latest News

Report from 19th Annual General Meeting plus Financial Accounts ending September 2023

These documents can be viewed on our Financial Accounts page

Fusion Opening Hours and DWP payment dates May Bank Holidays 2024

Fusion Credit Union operating hours over the May Bank Holidays will be as follows:

Monday 6 May (Early Bank Holiday)                    Closed

Monday 27 May( Spring Bank Holiday)             Closed

The DWP will make payments on the following dates:

Due Date	Payment Date
6 May 2024	3 May 2024
27 May 2024	24 May 2024

Update on proposed merger of Fusion Credit Union Ltd and CitySave Credit Union Ltd

A Special General Meeting of Fusion members, as required by our regulator the Bank of England, was held on 1 March 2024 and the resolution proposing the Transfer of Engagement (merger) was passed by 100% of the attendees (2/3rds acceptance required).

CitySave held a Special General Meeting alongside their Annual General Meeting on 18 March 2024, where their members agreed the proposed merger. They were only required to have one Special General Meeting. At this time they agreed to extend their Common Bond to include the geographical areas covered by Fusion.

A Second Special General Meeting of Fusion members (again a requirement of our Regulator) was held on 25 March 2024 again the resolution proposing the Transfer of Engagement with CitySave was passed by 100% of attendees. (50% acceptance required).

The respective Boards of Fusion and CitySave with the assistance of ABCUL (our Trade Body) will now prepare the required paperwork and submit to the Bank of England for approval. This may take a number of months. During this time both Credit Unions will continue to operate as separate entities, servicing their members, accepting Savings, approving Loans and complying with the regulatory requirements of the Bank of England.

We will keep members updated of progress.

A list of Frequently Asked Questions concerning the proposed merger can be found on following page https://fusioncreditunion.co.uk/proposed-transfer-of-engagement-f-a-qs/

Beware Loan Scams.

This Summer the cost of living crisis is exerting more pressure than ever on people’s finances, with 55% of UK adults more worried about money this year than last year. There are scammers out there looking to make it even harder. Loan fee fraud is an increasingly common scam, where people are asked to pay an upfront fee but then never receive the loan.

Now, it’s even more important to take a moment if you are looking for a loan.

Pause and do the 3-step check before you make any decision and avoid the scammers.

• Cold called?

• Asked to pay an upfront fee?

• Pressured to pay quickly or unusually?

Tick any of these? STOP

Protect yourself from loan fee fraud.

 

Junior Savings Accounts from Fusion Credit Union.

Was your Child or Grandchild lucky enough to receive cash as a present for their birthday?

If they live within South Staffordshire (Lichfield, Cannock, Tamworth) or East Staffordshire (Burton, Uttoxeter) you can open a Junior Savings account with Fusion.

Their savings earn an annual dividend and are put to use supporting our members in the local community with small affordable loans. Savings are protected by the Government FSCS.

For details see our website https://fusioncreditunion.co.uk/savings/junior-savers/ or contact us directly on 01543 415032 or info@fusioncreditunion.co.uk

Fusion Credit Union Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales No. IP00717C.