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Credit Union Resilience Loan

Investment FAQs

Application Form – send to

Deadline: CLOSED.

Applications have now closed.

As a response to the coronavirus outbreak, the Scottish Government has set up the Credit Union Resilience Fund to support credit unions who need additional support during this difficult period. This fund will support credit unions with their liquidity, alongside the Third Sector Resilience Fund which can support eligible working capital costs.

SIS is managing the fund, alongside our involvement with the Third Sector Resilience Fund. We continue to have our business as usual funds and support, yet we are here to help those credit unions who are experiencing the severe impacts presented by COVID-19 through this Fund. Credit Unions are also eligible to apply to the Third Sector Resilience Fund for grant support.

In order to make sure that the fund is able to support as many credit unions as possible, we will receive applications during a fixed window, making initial allocations at the end of this period. Applications are open until 9am on Tuesday 14th April.


Credit Union Resilience Fund: Liquidity Loan

This would be a loan in the form of subordinated debt – you can find the Subordinated Loan Q&A here.

  • Available between £50,000 and £250,000
  • Interest free
  • Repayable over a term of up to 8 years, but over 5 years to comply with regulations
  • The loan will reduce by 20% from year 4 onwards but be repaid when the credit union is able to.
  • No security required
  • No arrangement fee

Find the Funding FAQs here.

To apply, please download and complete the application form here, and then send it to

It is a busy time but we aim to get back to you as soon as possible.


Third Sector Resilience Fund

The Fund will be delivered by Firstport, Social Investment Scotland and the Corra Foundation and will provide grants between £5,000-£100,000. In addition there will be up to a further £5m available in fully flexible, 0% interest loans starting at £50,000.

This loan product exists to support organisations with critical cash flow during these challenging times.

To apply for the Third Sector Resilience Fund, please find all information on the SCVO website here.