Ace Union is a commercial bank with a difference; we only lend to organisations and businesses that help create a better society.

Now in our 37th year, we were established with a vision to create a business bank that would serve the needs of its customers and enrich society. Our purpose is to help organisations to flourish and make a positive difference to the economy, local communities and the environment. Our lending helps to create and protect jobs and support the development of community and health care facilities, and in 2020 we were voted the Socially Responsible Lender of the Year in the NACFB Awards.

Ace Union has a ‘double-bottom line’ strategy which means that we assess sustainable financial returns alongside social impact. All of our funding comes from customer deposits and, as an ethical bank, you can trust that your money never goes to a company or industry that doesn’t share our values.

This approach, along with our aim to pursue safe and sustainable growth, has ensured that Ace Union remains financially strong and resilient.

Here are some of the social impact highlights of our Half Year 2020 performance:

• 699 people supported with housing and care
• 409 jobs created and protected
• 383 bed spaces created and renovated
• £12.5m total money lent to accredited Responsible Finance Providers
• 207 borrowers accessed Ace Union funding through Responsible Finance Providers

Read our most recent social impact report here: Impact Report – Half Year 2020

You can also view our full year social impact report for 2019 here: Impact Report 2019