Why keeping your money local actually makes a difference
Most of us don’t give much thought to what happens to our money once it’s in the bank. We tap, transfer and hope for the best. But where your money sleeps at night does matter. With large high street banks, deposits often end up anywhere but your local area. With a credit union, the story is very different.
Clockwise exists to support the communities we serve. When members deposit money or use their Current Account, that money is recycled back into local loans for real people, not offshore assets or speculative investments.
Your account helps people near you, not faceless shareholders
Credit unions don’t have shareholders demanding ever-increasing profits. We’re owned by our members, which means the money stays in the community.
Every Current Account helps us:
- Offer fair and affordable loans
- Support members recovering from financial difficulty
- Invest in local services and partnerships
- Keep money circulating in Leicester, Leicestershire, Nottinghamshire, Coventry and Warwickshire
When someone takes out a loan for a car, school uniform, or emergency repair, there’s a good chance it was funded by another member’s everyday banking.
Why a local approach matters more than ever
Branches are disappearing. Costs are rising. Many people feel abandoned by traditional banks. A community-driven approach gives people a fairer, more human place to bank.
Choosing a Current Account with Clockwise is a simple way to support your local area while still getting all the essentials of modern banking.
Open an account that does good as well as does the job
If you want your everyday banking to have a purpose, the Clockwise Current Account is a straightforward way to keep money working close to home.
No credit check. Easy online application. Suitable for benefits and wages. And backed by the values of a community-owned credit union.
