Northumberland Community Bank stands out from traditional high street banks for one primary reason: we are genuinely for people, not profit. Let’s explore what makes NCB, as a financial institution unique, and how it can benefit you and your community.
Owned by the Community
Unlike traditional banks, Northumberland Community Bank is a financial co-operative, which means we don’t have external shareholders. Instead, we are owned by our members, and they play a crucial role in how the bank is run. This ownership structure ensures that the bank’s decisions are made with the community’s best interests in mind.
Building Financial Resilience
The bank’s primary mission is to help our members build financial resilience and offer affordable credit. Encouraging members to save regularly is a key strategy, as it helps them prepare for the unexpected and create a financial safety net. Northumberland Community Bank provides a secure home for your savings, giving you peace of mind.
Responsible Lending for All
Northumberland Community Bank is a responsible lender, offering loans to our members at rates they can afford. We recognise that most people may need a helping hand at some point, and many struggle to access affordable finance through high street banks or other lenders. By not charging setting up fees or early repayment charges and calculating interest on a daily basis, we ensure that members don’t pay more than necessary. Plus, if your circumstances change, we offer flexibility and understanding, making us the opposite of a “computer says no” organisation.
Unlike many high street lenders that typically offer only larger loan amounts or present credit cards and overdrafts as alternatives, Northumberland Community Bank offers loans starting at just £300. We firmly believe in saving while borrowing, even in small amounts, recognising the value of consistent, incremental savings over time.
Real Positive Impact
NCB’s commitment to people, not profit, results in a tangible, positive impact on the lives of our members. Every week, we witness people who come to us seeking assistance, guidance, and financial support. Northumberland Community Bank is more than just a financial institution; we are a trusted partner in your community, offering a helping hand when you need it most.
In a financial world that often prioritises profits, Northumberland Community Bank shines as a beacon of community-centric financial services. With our member-focused approach, responsible lending practices, and dedication to building financial resilience, this bank is a testament to the power of people helping people.