Child Benefits Savings & Loan Plan

Parents with one child can now apply for a £650 loan, while parents with two or more children can apply for up to £1,000 providing Child Benefit payments are made into your Swan account.

PLEASE NOTE – this loan must be repaid in full when your child is 16.

If your Child Benefit is greater than your loan repayments and the additional Regular Savings Commitment of a minimum £3.00 per week, you can either save the remainder in a separate savings account that you can withdraw from, or have it automatically transferred onto a pre-paid Engage debit card each week

How to Apply

Watch the video

Go to the members website if you are already a member at Account Login or use the Mobile App, otherwise login and join the Community Bank here



Call us on: 03030 300 147


Swan Community Bank is a trading name of Swan Credit Union which is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority.

Swan Credit Union Ltd. Our registered address is Foundation House, The Square, Wolverton, Milton Keynes MK12 5HX. (Company no. 417717).