Credit Union Newsview Castle Community Bank Receive £1 Million Funding Boost

Friday 26 January 2024

Castle Community Bank is a Leith-based credit union which has received a £1 million investment from responsible finance provider Social Investment Scotland.

The credit union has experienced incredible growth in recent years and the sub-ordinated loan was granted to support the ambition to be a business of scale providing ethical and affordable loans and excellent returns for savers.

Castle Community Bank uses innovative fintech outsourcing to unlock greater scale and efficiencies which has helped contribute to the developments in its size.

Adrian Sargent, CEO of Castle Community Bank said: “I’m delighted that Social Investment Scotland has confidence in Castle Community Bank and has invested £1million. This fantastic investment will reap benefits for not only our organisation but also the communities and members we support in Leith and beyond. This is another important step in our journey to grow the credit union sector and promote financial inclusion in the UK.”

Source: Social Investment Scotland