About Clockwise
Clockwise was established in 1992 as ‘Highfields Community Credit Union’; an anti-poverty initiative of the churches in Highfields.

Since then we have grown to be one of the UK’s most exciting, dynamic and fast growing financial co-operatives that is just for the people of Leicester, Leicestershire, Coventry, Warwickshire, Rutland and Northamptonshire. As a not-for-profit organisation we can pass on the savings to our members by providing affordable loans, safe savings and ethical financial products and services. This means that your share contributes to keeping money within the local community.

Credit unions can consider all loan applications from people in our communities, regardless of background, including those who are in receipt of benefits. A credit Union is also a not-for-profit organisation, our focus is on improving the financial well-being of our members and helping the local community.

How we can help


We offer loans from £50 up to £15,000 and with fast decisions online, no hidden fees or penalties and we consider all applicants, regardless of circumstances.


Our flexible, easy access savings accounts offer great value for everyone! Whatever you are saving for, saving regularly helps you to manage your money better.

Current Account

Manage your normal day-to-day spending. You can pay bills, set up direct debits or standing orders and receive any salary or benefit payments.

Why we are different

What sets us apart from mainstream banking institutions is that we are a not for profit co-operative organisation. This means that money that members make and save from being a member stays in the local community. By coming together as a co-operative it gives all members access to low cost loans, as little as 8.7% APR.

As an ethical lender we assess each loan application on individual circumstances thereby enabling us to consider everyone, irrespective of their credit status or personal circumstances.

When you join Clockwise you benefit from becoming a shareholder; and all cash surplus generated is divided between our members as interest on savings & rewards for good borrowers.

We are able to offer a payroll membership scheme, whereby regular savings or loan repayments can be made directly from salary for those who work in partnered organisations such as ASRA Housing, Leicester City Council, Leicestershire County Council, Blaby District Council, Melton District Council, Hinckley & Bosworth Borough Council, B-Inspired, Centrebus and Leicester College.

Board of Directors

Clockwise is run by a Board of Directors made up of ten volunteers elected by the members at the AGM. We employ 24 full and part time staff who are responsible for the on-going development of Clockwise and running and administering of our main office in Leicester. In addition, staff support volunteers who work within the five community access points located throughout the city and county enabling remote access to our services.

Clockwise is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, is a member of the Financial Compensation Scheme and the Financial Ombudsman Service. In addition Clockwise is also a member of The Association of British Credit Unions (ABCUL).

Where to find us

Areas We Serve

Clockwise Credit Union provides a range of financial services to people living or working in the following areas

  • Leicester
  • Leicestershire
  • Rutland
  • Northamptonshire
  • Coventry
  • Warwickshire.

Not within our area? Visit findyourcreditunion.co.uk to find your local Credit Union.