Web: https://www.clockwise.coop/contact/#
Email: hello@clockwise.coop
Phone: 03301755792
Need a bank account? We have three types of Current Account available to Clockwise Members.
BASIC - FREE
PAY-AS-YOU-GO - £2.00 per month
EVERYDAY - £6.50 per month
Clockwise Savings
Our flexible savings accounts offer great value for everyone. Whether you save a little or a lot, putting money aside on a regular basis means you will be working towards managing your money better, giving yourself something to look forward to and providing you with a nest egg to fall back on should the need arise.
Family Loans
Our family loan is ideal for those bumps in the road that we all experience from time to time when you need a little bit of extra help to support your family. Things like the cost of back to school, Christmas, holidays and those unexpected expenses that just crop up from time to time.
To be eligible for a Family Loan:
•You must be over 18 years old
•You must be in receipt of child benefit
•You will need to transfer your child benefit to your Clockwise Credit Union account to repay your loan
•All applicants considered regardless of personal circumstance
You must also save a minimum of £1 per week or £4 every four weeks. You can save more if you want to however, the saving amount plus loan repayment amount can’t be more than your Child Benefit
Savings are secured against your loan and cannot be withdrawn until the loan is repaid. If you decide you would like to borrow more on your family loan or pay it off, your savings become available to withdraw.
SAFE & LOCAL ALTERNATIVE TO PAYDAY LOANS & DOORSTEP LENDERS
The maximum any credit union will ever charge for a smaller loan is 3% per month on the reducing balance, which works out as 42.6% APR. This means the most expensive credit union loan in Britain is still eight times cheaper than a payday loan charged at their cap.
While highstreet Banks may be able to lend with a lower APR than a Credit Union, banks usually require a very strong credit history which can make it difficult to be accepted. As a Credit Union, we consider all circumstances and Credit History.