Be wise, be Clockwise Clockwise Credit Union Safe savings, affordable loans, friendly banking for the people of Leicester, Leicestershire and Rutland Jackie White Community Development Officer

Be wise, be Clockwise What is a Credit Union Not-for-profit financial co-operative Run by the members for the members All members are shareholders For the community - Common bond Aim to provide financial services to the financially excluded Governed by the Financial Services Authority

Be wise, be Clockwise How it works Start with saver and investor members Part of the savings pot is used to lend to other members at an affordable rate of interest The interest received is used to fund the delivery of the loans and to pay a dividend to savers Volunteers needed to keep overheads to minimum Free life insurance is provided on savings and loans All savings are protected by the Financial Services Compensation Scheme

Be wise, be Clockwise Facts and figures for Melton Over 6,200 (441)adult active members Over 5,500 (441)active savers with around £500 worth of savings per person (£48,000) 41% membership have loans with a combined balance of £2.65 million (£138,000) Average loan value is £1,127 1,289 current accounts(64) Melton figures marked in Purple

Be wise, be Clockwise Our members Ethical investors Council employees Benefit recipients Excluded from mainstream banking Loss of trust in main stream banks after the recent crash

Be wise, be Clockwise Savings Accounts Clockwise savings accounts pay a 1% dividend (as of April 2011) Clockwise savings accounts carry a FREE life insurance I.S.A accounts pay 2.5% Dividend (as of April 2011)

Be wise, be Clockwise Current Accounts Easy access to a Current Account for members (1289 active accounts) Convenient access to your money, 24 hours a day, 7 days a week Advice given over the phone by our friendly local office staff.

Be wise, be Clockwise Affordable Loans We offer affordable loans An alternative to the Door Step Lender Advantage Loans Payroll Deduction Loans

Be wise, be Clockwise Affordable loans CLOCKWISE £ % APR Repayment of £10.84 per week for 51 weeks Final repayment £10.69 Total interest £63.53 Total repayment £ PROVIDENT £ % APR Repayment of £17.50 per week for 51 weeks Final repayment £17.50 Total interest £ Total repayment £ Taken from Provident website 23 rd March 2011

Be wise, be Clockwise Benefits to Your Community More money kept within local economy Local access to Clockwise services Easy access to Current Accounts Volunteering opportunities