Clockwise Credit Union Celebrates 30th Anniversary Year
First established in 1992, Clockwise Credit Union is celebrating three decades of service to its community and the credit union continues to make important strides to grow even further.
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Thursday 25 January 2024
irst established in 1992, Clockwise Credit Union is celebrating three decades of service to its community and the credit union continues to make important strides to grow even further.
Now serving over 20,000 members with £11.8m in savings and £6.8m in loans, Clockwise have changed hugely since 1992 but one thing has not changed – its commitment to provide ethical, affordable products and services to our members.
“Those who were around at the opening of the credit union 30 years ago will perhaps never have dreamt that we would be where we are today,” says Chair of Clockwise Credit Union, Paul Mattioli. “The one constant has been the desire to put our members at the heart of all the decisions we make and the services we continue to improve.”
During the past year, the credit union have continued to invest in its technology to improve the products and services available to members. This is a long-term investment of up to £400,000 which, when complete, will provide Clockwise with a solid foundation for growth and development over the next decade.
In October, Clockwise Credit Union extended its common bond to Coventry and Warwickshire, welcoming 3,500 members from New Central Credit Union, following a carefully planned merger
Chief Executive of Clockwise, Teresa Manning said: “By merging with an established credit union network, it means that we can improve the financial services throughout Coventry and Warwickshire, where credit union membership is relatively low. In broadening our geographical base, the merger also means widening the positive impact credit union products and services have on a local economy and in supporting the financial wellbeing of the local community.”
Commenting on the future of the credit union and reflecting on the past, Teresa added: “I am so proud of what we have achieved and very optimistic and excited for the future ahead – hard work no doubt, but I believe we have the expertise, the ambition, and the team to deliver.
“Once again, my sincere thanks to the team for their hard work and professionalism, especially during the ongoing challenges of living and working through the pandemic and to the Directors, for their direction and support. And to members. A large proportion of our new members come straight from referrals of existing members to their family and friends, so thank you so much for that and please continue! It’s heartening to know so many of you love what we do and are willing to share with others.”
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