* £85,000 maximum amount across all your Clockwise savings accounts. Learn more about safe savings
Clockwise operates a Community Grant Scheme that awards local groups and individuals grants for a whole range of items that ultimately benefit the community the group and individual works to serve.
Our Credit Union’s mission is to be responsible and caring, not just focused on making money. We want to show something special called the “credit union difference.” This means we will be fair, honest, and creative in how we offer financial products and services to our members
Just like your High Street banks and building societies, the money you deposit into your credit union account, up to £85,000, is protected under the Financial Services Compensation Scheme (FSCS). If you have a joint account you will be protected for £85,000 each.
FSCS protection is free to customers, so if anything happens to your bank, building society or credit union, and you cannot access your money, the FSCS will refund you up to the amount of £85,000.
Thank you for saving with Clockwise Credit Union! By saving with us, you not only get a financial return, you also know your money is contributing to positive change in your local community.
Here are some of the ways your money has helped the community
The Social Return on Investment (SROI) approach is a technique widely used to assess the impact an organisation has on the community it serves. The survey confirmed that among our borrowing members, financial exclusion was the biggest obstacle faced
When you save or borrow with Clockwise your money is invested back into the community. Clockwise operates a Community Grant Scheme that awards local groups and individuals grants for a whole range of items that ultimately benefit the community the group or individual works to serve.
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 improving the financial wellbeing of our members and helping the local community.
Clockwise produce a range of resources and guides to help improve the financial literacy of the community, and highlight key information on the ever-changing cost-of-living crisis. When we cannot offer advice, we signpost members to organisations who can help.
Clockwise Credit Union Limited, Reg. No. FRN213498 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Clockwise is a member of the Financial Services Compensation Scheme, the Financial Ombudsman Service and ABCUL. Registered office: 1 St Nicholas Place, Leicester, LE1 5LB. Clockwise Credit Union Ltd is registered in England No. IP00280C
The Clockwise Credit Union Visa debit card is issued by PayrNet Limited, trading as “Railsr” (Company Number: 14698459), with its registered address at Montacute Yards, Shoreditch High Street, London, E1 6HU. Railsr is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution under registration number 900594. This information is provided for regulatory and transparency purposes and does not constitute financial advice. Clockwise safeguards any funds received from end users in compliance with applicable regulatory requirements. Payrnet provides settlement services to the card scheme and does not hold or safeguard funds for this purpose.
© Clockwise Credit Union Ltd 2016-
ADDRESS: 1 St Nicholas Place, Leicester, LE1 5LB.
TEL: 0330 17 55 792
EMAIL: hello@clockwise.coop
Twinned with Castlebar Credit Union in Ireland.
