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Credit Union Resilience Loan

Investment FAQs

Application Form send to

Deadline: 9am on Friday 16 October

The Scottish Government have previously announced the creation of a £10m investment fund for credit unions with funding available over a three-year period. A first £2m was made available in the current financial year, with an additional £0.5m available from September 2020.

As a result of the COVID-19 outbreak in Scotland, the initial investments from this fund will be as a Credit Union Resilience Fund, primarily to support credit unions improve their liquidity positions in challenging times.

Please note the following credit unions are eligible:

  • Credit Unions who are based and operating in Scotland
  • Credit Unions who have not applied to the Credit Union Resilience Fund before.

SIS is managing the Credit Union Resilience Fund, alongside our business as usual funds and support. We are here to help those credit unions who are experiencing the severe impacts presented by COVID-19 through this Fund. Credit Unions may also be eligible for other COVID-19 related programmes and should visit the SCVO website for the latest information.

In order to make sure that the fund is able to support as many eligible 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 Friday 16 October.

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

  • Available between £25,000 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 Investment FAQs here.

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