Company Information

Get to know west sussex credit union

West Sussex Credit Union was a member-owned financial cooperative providing services to its local community. In 2021, it merged with Boom Credit Union (formerly My Community Bank West Sussex) and SurreySave Credit Union to form a larger, single entity named BOOM! Community Bank. The legal entity registered with the FCA is "West Sussex and Surrey Credit Union Limited," trading as BOOM! Community Bank. The organization's mission remains to promote financial well-being by providing accessible savings plans and affordable loans, operating as a community-focused, not-for-profit alternative to traditional banks.

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Financial BankingPRIMARY
Financial Other Service

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west sussex credit union

United Kingdom

Founded in

2008 (18 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.