Clockwise Credit Union
at 1 St Nicholas Place, Leicester , LE1 5LB United Kingdom
We are a not-for-profit community financial co-operative that helps you get the most out of every penny. We are money, but with morals
Address and contacts of Clockwise Credit Union
1 St Nicholas Place
Leicester LE1 5LB
United Kingdom Email
P: 01162423900 Website
Description
Clockwise is about joining together as a community to provide financial services to everyone no matter what their circumstances. How it works is very simple. Members deposit savings and we use those savings to lend to other members. We charge a competitive interest rate on these loans and any surplus we give back to our members as a dividend. So the members are the shareholders and they can be sure there are no fat cats profiting from their investments. Our members’ money is totally secure as we are regulated by the Financial Services Authority and are members of the financial services compensation scheme. And as if that wasn’t enough we provide free life insurance. You can’t say fairer than that. Interest rates on our loans can be as low as 8.7% for home owners and we are able to offer loans to people on benefits at 26.8%. If you compare this with a door step lender or pay day loans you can be sure of huge savings even on the full 26.8% rate. By allowing those residents in Melton that are currently surviving on benefits or those turned down by main stream banks a suitable alternative to high interest loans, more money is available to be spent in the community allowing it to flourish. On top of this when housing associations get involved and encourage their residents to join Clockwise, there is often a marked reduction in evictions and rent arrears.
Opening time
- Mondays: 09:30- 16:00
- Tuesdays: 09:30- 16:00
- Wednesdays: 10:00- 16:00
- Thursdays: 09:30- 16:00
- Fridays: 09:30- 16:00
- Saturdays: 10:00- 13:00
General Info
An genuine ethical alternative to the High Street banks, offering safe savings, affordable loans, friendly banking with FREE life insurance. After the crash in the banking world a couple of years ago, it is not surprising that Clockwise, as a credit union, is part of one of the fastest growing movements in the financial sector today. Membership open to anyone who works or lives in Leicester, Leicestershire and Rutland. Join now and be wise, be Clockwise!Company Rating
40 Facebook users were in Clockwise Credit Union. It's a 1 position in Popularity Rating for companies in Bank/Financial Service category in Leicester, United Kingdom689 FB users likes Clockwise Credit Union, set it to 2 position in Likes Rating for Leicester, United Kingdom in Bank/Financial Service category
Summary
Clockwise Credit Union is Leicester based place and this enity listed in Loans category. Located at 1 St Nicholas Place LE1 5LB. Contact phone number of Clockwise Credit Union: 01162423900
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