Regulated by the Bank Of England. Registration number 213757
Be different. Be a Community Bank hero.
It's not every day you come across a not-for-profit bank.
Our mission is to be a community-focused regional bank. We exist to help our members meet their financial goals and reach their financial potential, whichever life journey they are on. We exist to educate, encourage and fulfil our members’ expectations because our members make community banking happen.
What is a not-for-profit bank?
Many banks seek profits for their own good and to pay their investors and executives bonuses.
Members (people who save and borrow with us) own our bank as a cooperative.
Any 'profits' we make are called surpluses. Surpluses are invested in the local community to create a fair socio-economic system.
Investors? Shareholders? No thanks
Unlike many high street banks, we don't have greedy shareholders or faceless investors.
All of the money we earn is used in pursuing the our social objectives of fair, ethical and affordable-finance.
Bigger isn't better
Unlike many banks, we don't pick and choose who can bank with us.
Our members own our bank and help each other achieve their financial goals together
We don't base your membership on how much you are worth to the bank. We believe everyone is equal.
Local money which stays in the local economy
Evidence show us that circa 86% of all loans we issue are used for purchases locally within our common-bond.
This supports local businesses, employment and keeps local money moving in a micro-economic way which supports our communities.
Community Grant
scheme
We've already provided valuable grants to local projects including:
Wessex Blood Bikes
CAB Havant
Solent Junior Devils Ice Hockey Team
6th Gosport Scouts Group
Zero waste Portsmouth
and many others.
Our Ethical
Policy
We believe in real social-impact investing.
- Investing with guarantees against customer loss.
- Investing with honesty and transparency.
- Supporting economic and social development in Hampshire & IOW, Southern West Sussex, East Dorset & East Surrey.
REVIEWS
Personal Loan
Lower rates than the big banks
Current Account
VISA debit card and Rewards Scheme
Ethical ISA
Invest in your local community
Savings Account
Instant access for a rainy day
Safe & secure
Being small and local doesn't mean we're not a fully regulated bank.
We're dual regulated by the (FCA) Financial Conduct Authority and the (PRA) Prudential Regulatory Authority under the Bank of England registration number 213757. All our customer deposits are protected by the Financial Services Compensation Scheme up to £85,000 of individual savings.
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