Our approach

We’re genuinely for people not profit

Northumberland Community Bank is very different from a traditional high street bank – the main reason is that we’re genuinely for people not profit.

Our members own our community bank

As a financial co-operative, we don’t have external shareholders, we are owned by our members and they have a say in how it is run.

We were created to help build financial resilience and offer affordable credit

We exist to help our members by offering financial products and services. We encourage our members to save with us, regularly if possible, because that really helps them be financially prepared when the unexpected happens and provides a fund for the better things in life.  Everyone needs a safe home for their savings and we hope people choose to have theirs with us.

We are for people not profit.

As a responsible lender, we provide loans to our members at rates they can afford.  Most people need a helping hand at some point and many find it difficult to access affordable finance via high street banks or with other lenders.  By not charging setting up fees or early repayment charges and by calculating interest on a daily basis, it means our members are not paying more than they need to. If their circumstances change, we look to help them navigate any trickier times by being flexible and understanding.  We are not a computer says no organisation!

We offer loans from £300, unlike a lot of high street lenders who only offer much higher amounts or provide a credit card or overdraft as an alternative.

We believe in saving at the same time as borrowing to, even small amounts – it’s amazing what little and often can build into.

We know that what we do has a real positive impact on people’s lives because we see people week in, week out that come to us for help.