Members that refer a new member to M for Money for a Child Benefit Loan can now claim a £50 referral bonus for themselves and the new member, who will also receive a £50 bonus.

Our Child Benefit Loan is the most popular loan that we have whereby last year we loaned out almost £500,000 to our members. This year we are already on target to significantly beat that.

You can help by referring your friends that are in receipt of Child Benefit who need a loan. All they would need to do is put your name on their application form in the box labelled “Promo Code”.

As soon as we pay their loan, £50 will be added to both of your accounts with the credit union. Neither payment can be withdrawn for six months by which time they will be ready for their next loan.

Child Benefit Forms are available from the website.

Please note that Terms and Conditions apply.