Launch of New Banking Services Will Expand Service Reach for Clockwise Credit Union

Thursday 25 January 2024

A new partnership launching this week brings quality banking services to underserved members of East Midlands communities.

Clockwise Credit Union is improving its technology and product offering, providing a one-stop-shop for banking services to its 20,000+ members.

The launch transforms Clockwise into a one-stop-shop for banking services for people in Coventry, Warwickshire, Leicestershire, Rutland and Northamptonshire, adding to its existing saving and loan products.

As well as benefitting from real-time debit card transactions and account information through the Clockwise mobile app, members will have access to a wealth of digital banking functions. As all funds sit in Clockwise accounts, member funds are protected under the Financial Services Compensation Scheme (FSCS).

Clockwise Credit Union chief executive Teresa Manning says: “We pride ourselves on being one of the UK’s most progressive financial co-operatives, as evidenced by the expansion of our partnership with Engage – another organisation that is committed to making the financial services sector fairer for all.

“The partnership means we can provide members with a modern, cost-effective card and account, allowing us to compete effectively with major banking brands.”

Geoff Leech, managing director at Engage, says: “Today, the role of community-based financial co-operatives like Clockwise is more important than ever. As people across the UK have their incomes squeezed through the cost-of-living crisis, it is vital they have access to fair and responsible financial providers.

“Through partnering with Engage to launch their current account, Clockwise will become even more useful and accessible to people in its community.”