BFW_AboutUs_Slider.jpg


Why join a credit union?


  • Owned and controlled by their members
  • Low cost and flexible loans
  • Dividends on savings
  • FSCS Protection on savings

 

Credit Unions are financial co-operatives, owned and controlled by their members, offering a friendly and local service to their community.

Anyone who saves with the Credit Union will automatically become a member of the co-operative, and their savings can be withdrawn upon request. Any member can also apply to borrow from the pool of money formed by the members’ savings and because it is a mutual, loans are low cost and flexible.

So it can attract savings, a Credit Union pays savers a return on their money (known as a dividend). From the interest it receives from loans, the Credit Union must pay its operating expenses and make a surplus so it can put some money into reserves and pay the dividend.

This means credit unions have lower operating costs and overheads, and profits are returned directly to the members not third party shareholders and therefore remain in the local community.

Our History

CLEVR Money is a not-for-profit savings & loans co-operative. Launched in Blackpool in 2009 as Blackpool Fylde & Wyre Credit Union we quickly grew to incorporate Preston and other parts of Lancashire.

Since February 2009 we have experienced steady growth, and today we serve over 4,700 members across the area with affordable loans and easy savings accounts. Accumulating over £5,000,000 in savings and issuing over £13,000,000 in affordable loans since launch.

Our Partnerships

Supported by our partnership of employers across the Fylde Coast, the majority of our members benefit from savings taken directly from their payroll every month.

Your savings are safe

As part of the Financial Services Compensation Scheme, you can be assured the same level of protection that customers of banks and building societies enjoy.

Eligibility

To become a member of CLEVR Money and reap the rewards of membership of a financial co-operative, you will need to meet our Common Bond criteria.

Read about our 'Common Bond'.

The choice is yours. Join the financial revolution. Join CLEVR Money today.

CLEVR Money is dedicated to helping you to improve your financial health. In addition to our affordable loans and responsible savings products, we also endeavour to bring you money saving hints, tips and links to help you to better manage your money.

Affordable Loans

Credit isn’t as easy to find these days as it was before the financial crisis.  But what if there was a place where the rate you see is the rate you get?

We aren't looking to make a profit, our affordable loans mean for members of CLEVR Money the days of rip-off credit are over. With no set-up costs, no arrangement fees, no early repayment penalties and rates that can beat the banks, our loans should make us your first call for credit.

Find out more about our loans.

Responsible Saving

Whether you want to save for a special item, a rainy day or for yours and your family’s long term future, CLEVR Money savings accounts can help you to do it and know that you are also supporting your local community.  

Find out more about our savings.

  • The primary objective of CLEVR Money is to promote sound financial management by encouraging responsible savings and giving access to affordable low-cost credit.
  • Our Loans require that members begin saving alongside their loan repayments, so as the loan is paid off, the member accumulates savings.
  • Over time members can build up savings and end the cycle of borrowing.
  • CLEVR Money also offers a range of information and support for members in financial difficulties or with a poor credit history.