Community bank opens for residents of North East Lincolnshire in Cleethorpes


A community bank for residents of North East Lincolnshire has opened at the Cleethorpes Library.

Available to anyone living and working in the area, HEY Credit Union offers a range of savings options and credit solutions – and people can qualify for a £ 25 bonus when they make three deposits from saving.

The branch is expected to move to Grimsby Central Library once it is open to the public again – but for now it will be based in Cleethorpes and will open every Tuesday, Wednesday and Thursday from 10:00 a.m. to 2:00 p.m.

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The HEY Credit Union team will also be at the Courtyard at Freeman Street Market every Friday morning.

John Smith, Managing Director of HEY Credit Union, said: “We already have around 230 members in North East Lincolnshire that we serve online, but for some time we have been looking to provide a walk-in branch. in downtown Grimsby where we can meet people face to face.

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“Now, through our partnership with Lincs Inspire, we are able to do this through local libraries. With most of the big banks closing branches, we think it’s even more important for credit unions to provide friendly, personalized service to the heart of the community.

“As a credit union, we are owned by our 15,000 client-members and operate entirely to their advantage. Hull, Bridlington, Goole, Driffield, Beverley and Withernsea.

“We are really delighted to be building a long term relationship with the people of North East Lincolnshire. “

In its 2020 Social Impact Report, HEY Credit Union reportedly saved people in the Humber area at least £ 20million in interest charges over a 21-year period by offering loans at lower rates than those other providers, such as door-to-door sales. lenders.

At this year’s Consumer Credit Awards, they were voted National Champions for Fair Treatment of Customers.

Councilor Ron Shepherd, Safer and Stronger Communities portfolio holder, said: “This partnership is a perfect example of how organizations can work together for the good of the community of North East Lincolnshire. A wide range of local individuals and families should benefit from the services of HEY Credit Union and as a counsel we support and welcome his arrival here.

Sue Wells, Executive Director of Lincs Inspire, said: “Libraries are easily accessible and provide a welcoming community space for residents to learn more about HEY Credit Union services.

“Their goal is to help people improve their financial stability and improve their quality of life. Our goals, based on improving the well-being of the community, are therefore closely aligned.

“We look forward to this partnership and to seeing HEY clients in our libraries. “

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