24pete, Author at Northern Community Bank

Northern Community Bank Participate in Inclusiv Conference

May 23, 2024 10:38 pm Leave a Comment

Northern Community Bank staff attended the 50^th edition of Inclusiv’s Community Development Credit Union conference in New York. The four-day conference saw sessions from credit union leaders, policymakers, researchers and stakeholders in the financial sector to discuss ways to elevate communities and the people who live in them. Inclusiv is a US national trade body, with a mission is to help low- and moderate-income people and communities achieve financial independence through credit unions.

Throughout the conference representatives from Northern Community Bank engaged with attendees to discuss how credit unions in the UK serve account holders with ethical savings and affordable loans, to share experience and identify ways to improve the service we provide. In the opening ceremony Inclusiv CEO Cathie Mahon welcomed the 850 attendees, mentioning the importance of partnership with credit unions from around the world including those from the UK credit union movement.

Northern Community Bank staff had the opportunity to visit the Brooklyn Cooperative Federal Credit Union. Staff from the credit union, which has served Brooklyn and Queens since 2001, gave our staff a tour of the neighbourhood, then welcomed them into a branch to discuss the challenges faced and successes the credit union has achieved. Northern Community Bank’s Chief Operating Officer Tia highlighted the similarities between the communities both credit unions serve

“It was impressive to see how Brooklyn Credit Union work for their members in some of New York City’s most economically challenged communities. There were parallels with the communities Northern Community Bank has traditionally served in Lancashire and Cumbria over the past 42 years, in which many residents have few options when it comes to accessible and affordable savings and loan accounts. To see a credit union grow from $300,000 in its first year to $50million assets in 2024 was inspirational.”

Over the four-day conference the team participated in many sessions including building an equitable and resilient cooperative future, how to serve underserved communities, breaking down barriers through Fintech, green lending and responding to the climate changes. Northern Community Bank Compliance Manager Magda stated how valuable attending the conference had been

“Northern Community Bank is currently working on establishing their Environmental, Social and Governance (ESG) impact framework. Inclusiv Conference 50 provided deep insights into Green Lending, working with financially excluded people, ecological and social impact of the credit union sector. Networking with industry professionals was invaluable, and I gained practical strategies to enhance our compliance programmes. Overall, the conference was a perfect blend of learning and professional growth.”

Members of our team had the opportunity to meet Mexican Ambassador, Ricardo Santana Velázquez, the head of the Mexican consulate in Oxnard, California to discuss how credit unions could work with various organisations from the community to break down barriers and help the underbanked and underserved. Northern Community Bank CEO Kathryn expressed how interesting it was to find out about the joint projects in the community

Ambassador Santana Velázquez shared his experience of working for the consult for 43 years, explaining the important work credit unions do in financial education and providing a safe place to safe or borrow. It was really interesting to hear how joined up thinking from different organisations can make a positive impact in the community.

The team from Northern Community Bank then visited The Lower East Side People’s Federal Credit Union. The credit union was started by neighbourhood activists in 1986 to fill the void left by the closing of the last bank branch in the neighbourhood. Our team were given a tour of the branch by the Chief Operations and Finance Officers, whilst the history of the credit union was explained. Northern Community Bank’s Chief Marketing Officer David expressed how inspirational it was to visit the credit union that had served more than 90,000 families in neighbourhoods such as Lower East Side, Harlem, Staten Island, and Jackson Heights

“I was fortunate to attend the 2018 Inclusiv conference when the Lower East Side CEO Linda Levy was presented with the Annie Vamper Helping Hands Award, the highest honour presented by Inclusiv, after 30 years of service to the credit union. It was a privilege to tour the branch, located in the former Manufacturers Hanover Bank which was the last to close in neighbourhood in 1984, to hear about the prominent role the Lower East Credit Union has had in fighting for a community that was desert by virtually all institutes in the 1980’s.”

The team also joined delegates from the conference to tour the New York Federal Reserve, which holds the biggest reserve of gold in the world. Representatives from New York Fed explained their mission to make the economy stronger and the financial system more stable for all segments of society, whilst discussing the place sectors like credit unions had to play.

Inclusiv members serve over 18 million residents of low-income urban, rural and reservation-based communities across the US and hold over $255 billion in community-controlled assets. Northern Community Bank CEO Kathryn emphasised the benefits of the UK’s continued partnership with credit unions in the Inclusiv network

“The 2024 Inclusiv conference was an amazing, inspirational experience. The sessions and credit union branch visits highlighted that Northern Community Bank face the same challenges as many of the Community Development Credit Unions in the US. To share our practices and experiences with each other strengthens our commitment to serve low and moderate income members of our communities in an inclusive and respectful way. In the same way as Northern Community Bank, US credit unions celebrates the great successes they have in helping their communities while adhering to the co-operative principles. To hear that 1/3 Americans are part of a cooperative is a real motivation to continue to raise awareness about the services Northern Community Bank can offer to more and more people in our community”

Say ‘Yes to the dress’ with a community bank wedding loan

May 22, 2024 12:59 pm Leave a Comment

If you’re wanting your big day to be the best day, getting hitched to a community bank wedding loan could be the perfect match.
What’s more stressful than planning for a wedding? Saving for a wedding.
Your wedding day will be an experience to treasure for the rest of your life.
But if you don’t have a treasure trove of money lying around the house, paying for your dream day can start feeling like a bit of a nightmare.
A community bank wedding loan is designed to reduce that worry. Here’s how:

What makes a community bank wedding loan so special?

Chances are you will have a million and one things swirling around your head as the countdown to your big day gets under way.
The date. The venue. The guest list.
The last thing you want to be worrying about is how you’re going to afford the loan repayments once you come back from your honeymoon.
Well, with Northern Community Bank, there’s no ‘honeymoon period’ so to speak, just a steady and straightforward relationship based on trust and transparency.
Community bank loans are significantly cheaper, not to mention safer, than payday loans or doorstep lending. On top of this, we ensure the costs are spread out over a manageable period, with a repayment plan that suits you and your financial circumstances.
And while we know it may be difficult to think past your once-in-a-lifetime wedding day, Northern Community Bank always has one eye on the future. All our account holders are required to regularly save alongside making loan repayments, meaning they have a pot put aside should they need it in the future.
This could be for a new home, new car, or a new addition.
Nothing is more important than family. And Northern Community Bank is always here to ensure yours is taken care of.

How much can I borrow with a community bank wedding loan?

Saying ‘I do’ to a community bank wedding loan opens up a whole world of possibilities for you and your partner.
Whether you’re looking to cover venue costs, catering expenses, or even the perfect dress, our loans are here to give you peace of mind and financial flexibility.
We offer loans of up to £15,000 meaning in terms of going all out for your special day, you can very much have your (wedding) cake and eat it.
And if a last-minute expense has cropped up threatening to throw a spanner-shaped bouquet in the works, we’ve got you covered for that as well.
Once a decision has been made – and this shouldn’t take longer than 48 working hours as long as we have all the correct information – the money will be BACS to your account, usually within four hours.
If you have any questions or queries, speak to the community bank team today – or forever hold your peace.

Northern Community Bank’s quick holiday loans are fast, easy and stress-free

May 20, 2024 11:57 am Leave a Comment

If you’re on the hunt for quick holiday loans, you’ve arrived at the perfect destination.
At Northern Community Bank resorts, we offer a five-star service that takes all the hassle out of loan applications.
No delays. No lengthy checks. No lost luggage.
That’s because we know just how important last-minute getaways can be.
Whether you’re wanting to jump in the car and head down south or jump on a plane and head south of the equator, holidays are hugely beneficial for our mental health.
You don’t get much for your money these days though. Even the briefest of breaks might seem out of reach – especially if you’re watching your pennies closely this year.
Northern Community Bank’s quick holiday loans are a fantastic way of financing some fun in the sun, while ensuring you’re still able to save for a rainy day. Here’s how:

Five reasons Northern Community Bank’s quick holiday loans are five stars

Speed. We want you in those flip-flops quicker than you can say ‘factor 50’. Come to us on a Monday, and we – providing we receive all the information we need – could have you on the road or in the air by Wednesday.
Ease. Technically, your holiday starts the second you start your Northern Community Bank loan application. That’s because we make sure the entire process – from start to finish – is as smooth sailing as possible. Each application is assessed individually by a person, and although we do check credit history, we do not operate on a computer says ‘no’ basis.
Affordable repayments. That last thing we want is for you to return from your sun-drenched getaway to a little black cloud following you around for the next few months. We can’t do anything about the not-so great British weather, but we can ensure your repayment plan is the best fit for you and your financial circumstances.
No sneaky fees. You know how annoying it is when you think you’re paying £70 for a flight through a budget airline only to find out 10 clicks later, it’s going to cost you £150 to bring along your bag? Well, there’s none of that here at Northern Community Bank. What you see is what you get. No set-up fees or early settlement penalties, just clear, honest transparency.
Saving. All Northern Community Bank account holders are expected to save alongside their loan repayments. This is for a number of reasons. Firstly, the money we lend comes from a common pool of savings, and secondly, we want people to build secure financial futures, so if any unexpected expenses pop up, or the need for another holiday arises, a loan may not be necessary.

Always here to help

It’s not just our products that are five stars. Northern Community Bank staff are gold standard when it comes to service, support and knowledge.
Speak to any of our team today, and they’ll happily take you on a tour of our quick holiday loans.

Looking for loans without credit check? Northern Community Bank has the answer.

April 15, 2024 3:09 pm Leave a Comment

Finding loans without credit check can be trickier than finding a day in April without rain.
A large portion of lenders use credit checks to assess the risk of lending money to a borrower. And if you’ve ever applied for a loan, car finance, or a mobile phone contract only for your application to be rejected due to a low credit score – you know just how frustrating it can be, especially if you’re somebody who is careful with their finances.
Bad credit doesn’t discriminate. It can affect anyone, at any point of their life, and can hang over you like a black cloud for years.
That makes being able to access loans without credit check incredibly important. Unexpected expenses don’t discriminate either. And if you’ve been hit with a car that won’t start, or a boiler that won’t work, or a bill that won’t go away – a small cash injection could be a real life-saver.

How Northern Community Bank’s loans without credit check work

Family always comes first. At Northern Community Bank our £500 Family Loan & Saving scheme is the perfect place to start if you’re looking for loans without credit check.
This scheme is available to anyone in receipt of child benefit. It doesn’t require a credit check, only an affordability check. What this means is that each and every application we receive is assessed individually by one of highly trained and knowledgeable members of staff.
While some loan companies’ systems will access your credit information, perform a quick calculation, and approve or reject on the spot. We like to understand the circumstances surrounding your finances. We’ll look at affordability, income, expenditure, payment history. Then we make a decision, only lending amounts we are confident you can afford to pay back.
We aim to reach that decision within two working days, and if you are successful, we can make a £500 BACS payment that same day.
This isn’t your usual lender-borrower relationship, though. Once you start paying us back, you’re also on the road to a brighter financial future.

3 ways Northern Community Bank can help you build better credit history and a brighter financial future

1. We’ll improve your credit history by reporting your repayments to the credit reference agency.
2. We help account holders stick to a saving or loan repayment schedule. Meaning we are more likely to relend again if you need it.
3. Our ‘Save as you borrow’ scheme helps you to build up your savings as you pay back your loan. So, the next time one of those unexpected expenses pops up, you’ll be in a far better position.

If you want to talk more about our loans without credit check, contact us today.

Discover how community banks are different from other loan companies

2:12 pm Leave a Comment

What’s the first thing you think when you hear ‘loan companies’?
High-interest rates? Sneaky hidden fees? Predatory lending?
While on the surface it may appear loan companies are here to help us out of sticky financial situations; the exact opposite can often be true.
Borrowing money at high-interest rates, combined with unmanageable repayment plans, can see people quickly finding themselves trapped in a cycle of debt. This in turn can lead to damaged credit scores, financial instability, and high levels of anxiety.
Community Banks take a different approach to lending. Here’s how:

5 ways community banks are different to other loan companies

1. Owned by you. Unlike traditional loan companies, community banks are owned and operated by its account holders – people who live and work in the same area. Account holders have voting rights and elect a board of directors. Every account holder has an equal vote regardless of their savings or loan balance.

2. More than just a credit score. Our aim is to provide fair and affordable loan options to all our account holders. We may be called community banks, but we don’t focus on credit scores. Instead, we take the time to understand a person’s individual circumstances before offering loans that work for them.

3. People over profits. One of the biggest differences between community banks and loan companies is our people over profits ethos. We’re not here to maximise profits for external shareholders, because we have no external shareholders to satisfy. As a not-for-profit cooperative, any surplus we generate is reinvested back into improving services and benefits for our account holders and the community.

4. A culture of saving. While loan companies are primarily driven by profits – focusing on generating revenues through interest rates and fees and charges – community banks are different. We care more about helping people build a solid financial future. When you take out a loan with Northern Community Bank, there is a minimum saving amount that builds up and acts as collateral against the loan. Account holders have been pleasantly surprised at how quickly this pot can build up.

5. Your Money Matters. Making the most of your money as the cost-of-living crisis continues to bite is more important than ever. Community banks are committed to financial education, offering hints, tips and tools to help people manage their finances better.

Do community banks have online banking?

One similarity community banks do share with loan companies is the use of technology to make account holders’ lives as easy as possible.
Managing your account could not be easier through our secure mobile app, with features including 24/7 withdrawals, account statements and a loan calculator.
If you want to learn more about what community banks have to offer and how they could help you find financial freedom, contact one of our team today.

Easy Easter activities

March 27, 2024 10:26 am Leave a Comment

Easter is a holiday that is celebrated all around the world. It is a time when families come together to celebrate the resurrection of Jesus Christ. The holiday is also associated with Easter eggs, bunnies, and springtime. In this blog, we will discuss some fun Easter activities that you can do with your family.

1. Easter Egg Hunt:

The Easter egg hunt is a classic activity that is loved by children of all ages. You can hide plastic eggs filled with sweets or small toys around your garden or home, and let your kids go on a treasure hunt to find them. You can even make it a competition by keeping track of who finds the most eggs.

2. Easter Crafts:

There are a variety of Easter crafts that you can do with your kids. You can make Easter baskets, Easter cards, and Easter decorations for your home. Pinterest is a great resource for finding Easter craft ideas.

3. Easter Baking:

Easter is a great time to bake some delicious treats with your family. You can make Easter-themed cupcakes, cookies, and cakes. You can also make hot cross buns, a traditional Easter bread.

4. Easter Bunny Visits:

Hire an Easter bunny to visit your home or community. Children will love meeting the Easter bunny and taking pictures with him. The Easter bunny can also deliver Easter baskets to children.

5. Easter Brunch:

Easter brunch is a great way to celebrate the holiday with your family. You can make a delicious brunch spread that includes traditional Easter dishes like ham, devilled eggs, and hot cross buns.

6. Planting Easter Flowers:

Planting Easter flowers like tulips and daffodils is a great way to bring some springtime colour to your home. You can plant the flowers in your garden or in pots on your porch.

7. Easter Movie Night:

You can have an Easter movie night with your family. There are many Easter-themed movies that you can watch like Hop, Peter Rabbit and Rise of the Guardians.

8. Easter Parade:

Organise an Easter parade in your community. Children can decorate their bikes and scooters with Easter decorations and parade around the neighbourhood.

9. Easter Games:

You can play Easter-themed games with your family like an egg toss, egg race, or bunny hop relay race.

Easter is a great holiday to spend time with your family and participate in fun activities. Whether you choose to do an Easter egg hunt, make Easter crafts, or bake Easter treats, there are plenty of ways to celebrate this holiday.

Northern Community Bank putting your employees first with free Payroll Plus partnership scheme

March 25, 2024 2:24 pm Leave a Comment

If you haven’t considered becoming a Northern Community Bank Payroll Plus partner – now could be the perfect time.

AllScope Projects and Eden Housing Association are the latest businesses to sign up to our payroll savings scheme, joining a long list of organisations that includes Calico, Burnley Council, Pendle Council, Allerdale Council, Castles & Coasts, Pendle Leisure Trust, and VEKA.

What is Payroll Plus?

Payroll Plus allows employees to make regular payments into their community bank account straight from their wage.
It’s completely free for employers to become a payroll partner. Setting up payroll deduction with us for your employees could not be simpler:

Campaign created by Northern Community Bank to maximise employee take up.
Arrange the deductions (weekly or monthly) through your payroll department – we do the rest.
It is put onto the payroll system as a deduction. Then sent to us where we credit the employee’s individual account.
We are on hand at all times to ensure your scheme is running smoothly.

Contributions are made post-tax, and there are no set-up fees or comebacks for you as the employer.

How else can employees benefit from the Payroll Plus scheme?

Most importantly, you are helping to support the financial wellbeing of your employees. The Payroll Plus scheme creates saving habits that will help them meet any sudden expenses. It can help protect them from debt and financial problems, and it also comes with free community bank membership.

This also gives employees access to simple, flexible and affordable loans. This lessens the exposure to expensive credit cards, loan sharks, high-cost lenders and payday loans.

As a not-for-profit financial co-operative, we have no external shareholders to satisfy. Any profit made by the community bank goes back to the account holders with a share of the profits.
Account holders can manage their accounts via the online accounts area, our secure mobile app, or through telephone banking five days a week. Employees who recently joined the Payroll Plus scheme have been extremely impressed by the new Northern Community Bank app, remarking how easy it is to open and deposit into their community bank account.

On top of this, there are also a variety of savings accounts that are all free to open, including the highly popular Christmas Savings – where more than £760,000 was saved last year by 3,400 account holders, totalling an average of £223 per account holder.

If you’d like to find out more about the benefits of becoming a Northern Community Bank payroll partner, please get in touch today.

Don’t get stuck in reverse on a cheap car loans journey

March 22, 2024 2:39 pm Leave a Comment

If looking for cheap car loans is driving you up the wall, it’s time to hit the brakes.
A Northern Community Bank pitstop could save you time, money, and a whole lot of hassle.
We’re not for one second saying we’re miles out in front when it comes to cheap car loans. However if you want reliability and respectability, then you’ve pulled up at the right place.
That’s all we’re asking – that before you go down the car finance road, you take a test drive with us.
No jargon-filled sale pitches, impending balloon payments, over mileage charges or potential damage costs. Just fair interest rates.

5 reasons why Northern Community Bank cheap car loans are the way to go.

Highly competitive interest rates. High interest rates and car financing go together like MOTs and headaches. At Northern Community Bank, we pride ourselves on not only offering competitive rates, but transparent ones, too. For instance, the majority of car dealers and garages advertise ‘Representative APR’, which means this rate only has to be offered to 51% of applicants. The interest rate you see advertised with us is the interest you will receive.
Loan repayments that suit you. We don’t want your dream car turning into an unaffordable nightmare six months down the road. Our repayment plans are tailored to your financial circumstances, unlike car finance, which is often a set monthly price based on the value of the car.
Our ‘Save as you Borrow’ scheme. When you take out a loan with Northern Community Bank, there’s a minimum saving amount that builds up to act as collateral against the loan. Introduced as a way of helping account holders develop better saving habits, you’ll be surprised at just how quickly your little pot grows.
Puts you in the driving seat. A Northern Community Bank car loan means you own your car outright. You have the option to do what you like with your new wheels. Upgrade, sell, modify or keep for as long as you want.
Excellent customer service. Nobody likes a back-seat driver, but when we’re talking about money and personal finances, it’s definitely a good idea to have a knowledgeable passenger along for the ride. Northern Community Bank staff are knowledgeable, friendly, and always go that extra mile for account holders, whether it be at the start of their loan journey or the end.

How long does it take for Northern Community Bank’s cheap car loans to arrive?

If you’ve been getting all revved up waiting for a new motor, the last thing you want is roadblock after roadblock stopping you from reaching your destination.
At Northern Community Bank, we go from 0 to decision in two working days – as long as we have all the information needed. These decisions are made by real people as well, who look at more than just a credit score. Once the green light is given the loan will be transferred to your bank account the same day.
Start your engines; that new car smell is only just around the corner.

The Northern Community Bank 42nd AGM sees over £900,000 back to account holders in 2024.

March 14, 2024 10:33 am Leave a Comment

Northern Community Bank announces a 2.5% dividend and 17% loan interest rebate back to account holders in 2024 and makes £20,000 in charitable donations towards the installation of defibrillators.

Last Friday, on the 8th of March, account holders gathered both in person and virtually for Northern Community Bank’s 42^nd Annual General Meeting (AGM). Held at Burnley Football Club’s 1882 lounge, it was a significant occasion looking back on our progress over the past year and celebrating major milestones.

Northern Community Bank President Gerard Spain announced that savers would benefit on a 2.5% dividend on savings, totalling over £900,000 due to another year of incredible growth, and borrowers would be rewarded with a loan interest rebate of 17% which is up from 15% in the previous year.

With a membership base of over 15,000 members, steadily inching towards 16,000, Northern Community Bank continues to thrive and expand its reach within the community. We extend our sincere thanks to each account holder for their support and advocacy, especially during challenging times when our help can make a huge difference in people’s lives.

Our financial report showed robust growth and stability for the community bank. The loan book has expanded from £9.4 million to £11.5 million. Assets have flourished from £17.9 million to £19.2 million. Account holders also managed to save over £500,000 in the Christmas Club “allowing for families to have a healthy and enjoyable festive period.”

Mark, from KM Accountants, provided insights into the financial operations of Northern Community Bank. With £24 million coming in through the bank in shares and loan repayments, and £23 million paid, our organisation manages a large volume of transactions each month. An indicator of how strong a community bank is, is the Capital to assets ratio. Northern Community Bank has seen an increase from 13.5% to 16.7% which is well above the regulatory requirements.

“The community bank is strong, and it is getting stronger, and we are looking very positively into the future. Thanks to all the members for supporting us in what we are trying to do and for spreading the good word about community bank. Especially when times are tough, and we can help people.” – President Gerard Spain.

Celebrating milestones

One of the most heartwarming moments of the evening was honouring Kathryn for her incredible 25-years with the community bank. Back in 1999, when Kathryn joined, we had 1,076 members, shares amounting to £530,000, and a loan book of £342,000. The total income in a 12-month period was £53,000. Fast forward to today, this has grown to be over £300,000 in a month. The dividend and loan interest rebate which stood at £19,000 in 1999, has seen substantial growth over the years.

“Kathryn has managed to grow with the organisation and thrive with the organisation, and this is a fantastic achievement”. – President Gerard Spain

Those who attended the 42nd AGM also heard how Northern Community Bank have made a £20,000 charitable donation. The donation will go towards the installation of 20 defibrillators across the common bond. Yvette Browne, who is the Community Resuscitation Manager for the Cumbria and Lancashire area explained about her role with the Ambulance service.

“My job is to attend at out of hospital cardiac arrests, which is something I am passionate about. 80.2% of cardiac arrests happen at home and we should all know where the nearest defibrillator is. They are such a vital piece of life-saving equipment, and it’s so important to know what to do. It’s a pleasure to know that we are receiving such a substantial donation towards much needed life-saving equipment.”

New board members

Northern Community Bank are delighted to welcome John and Anthony as new additions to our board. They will bring fresh perspectives and expertise to our governance structure.

Building for the future with a Northern Community Bank home improvement loan

February 22, 2024 2:47 pm Leave a Comment

Spring is about to spring, which means one thing – we’re heading into the home improvement loan season.
That’s right; the cold, dark nights are coming to an end. And with the milder weather, and the lighter nights, a nation of DIYers could soon be finding the motivation to tackle a long list of home improvement projects that ended up on a winter back burner.
If you’re still reeling from a costly Christmas, though, a home improvement loan might be needed to get things moving. Before we let you know how Northern Community Bank can help in the home improvement loan department, here’s a little bit of home improvement inspiration.

Top five home improvement trends

Garden upgrade. Transforming your overgrown jungle into an outdoor oasis could be the perfect pre-summer project. Lush plants and flowerpots could brighten up a beige backyard. Or if you want to go bigger, a new decking area complete with hot tub could add an extra dimension to a garden lacking personality.
Kitchen renovation. Have you been dreaming of a beautiful new kitchen? A Northern Community Bank home improvement loan could help make those gorgeous granite worktops a 2024 reality. Throw in state-of-the-art appliances, stylish lighting, and a knockout island as the eye-catching centrepiece, and you may never want to leave your new favourite room.
New bathroom. The only thing that can come close to matching that new kitchen feeling is…that new bathroom feeling. If you can’t go for a full refurb, bold statement tiles – either on the floor, wall, shower or all three – are a great way to introduce a splash of colour.
Garage conversion. If your garage is more storage space (dumping ground) than parking space, why not use one of Northern Community Bank’s home improvement loans to renovate and reinvigorate? Bar, gym, home cinema. The choice is yours. And remember, adding square footage to your home through a garage conversion is likely to increase its overall value.
Energy efficient windows. Make your home improvement loan work for you by investing in energy efficient windows. They’ll help to improve the insulation of your home, reducing the amount of heat escaping, thus leading to a reduction in bills.

Laying the foundation for a stronger financial future

Whether you need a small home improvement loan for the odd odd job, or £15,000 for that new kitchen, Northern Community Bank is here to help.
Being a not-for-profit organisation puts us in a position to offer much lower interest rates than you’re likely to find anywhere else.
Our repayment options are flexible; carefully tailored to suit each individual’s financial circumstances, allowing them to spread the costs over a manageable period.
Alongside repayments, all our account holders are also required to regularly save, meaning the next time the roof starts leaking, there’s money for that rainy day.
If you would like to find out more about a Northern Community Bank home improvement loan, don’t hesitate to get in touch.

Needing a fast loan with low APR, look no further

February 20, 2024 1:23 pm Leave a Comment

Fast loan low APR – is there a better combination out there?
Chips and gravy, perhaps? Cheese and wine? Pizza and pineapple? Only joking; everyone knows pineapples shouldn’t be allowed anywhere near a pizza.
When it comes to borrowing money, there really is no better combination than fast loan low APR.
The urgency with which someone needs to borrow money can vary greatly. However there are a number of scenarios where a cash boost is needed sooner rather than later.
For instance, if you or someone you know is facing unexpected expenses, like car or home repairs, or a vet’s bill, you may need to borrow money as soon as possible.
Or perhaps you’re wanting to consolidate a high-interest debt into a single, more manageable loan with a lower interest rate so you’re able to ease some of the financial pressure.
Whatever the reason, Northern Community Bank is on hand with some of the best fast loan low APR options around.

How fast is the Northern Community Bank loan process?

The boiler’s packed in. It’s currently warmer in the fridge than in your living room, and cold showers are set to become part of your morning routine.
Having to wait two weeks for a loan just so you can bring a little warmth into your home is far from ideal.
This is why at Northern Community Bank we do everything we can to have that money in your account as soon as possible.
Our online service offers loans up to £15,000, with decisions (as long as we have all the required information) made within two working days. Once a decision has been made, the money will be BACS to your account that very same day.
Apply online. Decision online. Sign online. It sounds simple because it is simple.

What is the highest APR Northern Community Bank can charge?

Community banks can only charge a maximum of 42.6% APR. Northern Community Bank is often able to provide higher value loans at lower rates of interest.
Equally as important is the fact that the rate we quote you is the rate you pay, every time. This isn’t always the case if you’re dealing with lenders offering representative APR.
The word ‘representative’ means that the rate in question only has to be offered to 51% of applicants. And the ambiguity doesn’t stop there either. It doesn’t fully disclose what’s required to obtain those rates, therefore leading to unrealistic expectations or confusion among customers.
Taking out a loan – even a fast loan low APR – has the potential to be a highly stressful experience, one that can lead to lengthy periods of uncertainty and anxiety.
Our job is to remove as much of that stress as possible. Giving a service that puts trust and transparency at the heart of the loan application process.

If you need to borrow money this January – think Northern Community Bank for your borrowing needs

January 17, 2024 12:04 pm Leave a Comment

If January had its own slogan, it would definitely include the words ‘borrow money’.
The Monday of the months; it’s cold, it’s wet, it’s dark, and it comes straight after ‘spend money’ December.
Payday can seem an awfully long way away once the last bars of Auld Lang Syne have died out.
And even if you have carefully managed your spends over the festive period, all it takes is an unexpected expense to crop up – like a cooker that’s cooked its last turkey or a car that’s fallen victim to Jack Frost – and panic could soon be setting in.
Please don’t worry. You’re not going to be the only one feeling a bit of financial pressure at the start of the year.
Northern Community Bank has been providing low-cost loans to people and families for four decades now. Whatever your borrowing needs, we’re here for you.

Why should I borrow money from Northern Community Bank?

January is the perfect time for loan sharks to strike.
Increased financial strain after holiday expenses can put people in a vulnerable position. Desperation to cover bills, debt, or the unexpected expenses we just mentioned; any or all of these could make someone susceptible to predatory lending practices.
At Northern Community Bank, we make it our mission to ensure individuals don’t have to turn to payday/high interest lenders in times of despair.
We cater for all our account holders with big or small loans at highly competitive interest rates. And we spread these loans out over a manageable period through tailored repayment schedules that suit their financial circumstances.
What really sets us apart though is the fact we truly care. We pride ourselves on delivering the best possible service when account holders need to borrow money, and we have countless testimonials, just like this one, that make everything we do worthwhile: “Fantastic service and a great help in the current financial climate, it’s refreshing so feel some relief for a change. Many thanks.”

How quickly can I borrow money from Northern Community Bank?

We want you back on the road, or cooking turkeys, as quickly as possible.
Apply online today, and as long as we have all the information required, you will have a decision within 48 working hours. We may be speedy, but we’re definitely not sneaky.
Dealing with Northern Community Bank means no hidden fees, no hidden charges, no nasty surprises. We also offer a free bereavement fund benefit on our savings and loans, and there’s no set up or early settlement fees to worry about either.
It costs nothing to talk to Northern Community Bank about a loan. We offer free loan quotes, and no application fees. So, banish those January blues today by giving us a ring.

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