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Clockwise Credit Union uses Engage from Contis-Solaris for digital checking accounts

One of the UK’s fastest growing financial co-operatives has partnered with Engage, the community banking division of Contis-Solaris services, to launch their own branded credit union debit cards and checking accounts. rice field.

The new account of Clockwise Credit Union, a non-profit cooperative, expands the range of banking and payment services offered to more than 20,000 members, many of which are excluded from traditional financial services or have sufficient services. I have not received it. industry.

With this launch, Clockwise will be transformed into a one-stop shop for banking services for people in Coventry, Warwickshire, Leicestershire, Rutland and Northamptonshire, and will be added to existing savings and loan products.

In addition to benefiting from real-time debit card transactions and account information via the Clockwise mobile app, members also have access to a wealth of digital banking capabilities. All funds are in a clockwise account, so member funds are protected under the Financial Services Compensation Scheme (FSCS).

Teresa Manning, Chief Executive Officer of the Clockwise Credit Union, said: all.

“Partnership means providing our members with the latest cost-effective cards and accounts, which allows us to effectively compete with major banking brands.”

Geoff Leech, Managing Director of Engage, said: “Today, the role of community-based financial co-operatives like Clockwise is more important than ever. People across the UK are becoming fair and responsible financial providers as income crises are squeezing their income. Access is essential.

“By partnering with Engage to launch a current account, Clockwise will be even more convenient and accessible to people in the community.”

Credit unions are non-profit, member-owned financial institutions that offer many of the same services (loans, savings, accounts) as traditional banks. Their spirit revolves around treating customers as individuals rather than numbers, with a focus on services rather than profits.

Membership in a particular credit union is based on a “common bond.” It may be working for a particular employer or industry, or living or working in a geographic area.

Clockwise Credit Union uses Engage from Contis-Solaris for digital checking accounts

Source link Clockwise Credit Union uses Engage from Contis-Solaris for digital checking accounts

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