Formed in 2004, WCCU is a not-for-profit organisation that offers a community banking model, with ‘people helping people’ at the heart of everything.
Anyone saving with WCCU will know they’re supporting fellow members with affordable loans that can offer a real lifeline to people.
WCCU recently launched a corporate membership scheme, providing an opportunity for organisations to deposit £5,000 to £20,000 and earn interest at 5% AER with a fixed maturity date of 31 March 2025.
Up to two withdrawals can be made during the 2024-25 financial year as long as the balanced is maintained above £5,000.
Several community sector organisations, including CWVA, have already signed up to the scheme and there are opportunities for others to get involved.
This is ideal for organisations that may have reserves to earn interest on their funds and support the local community at the same time.
Anyone wanting to get involved will need to register with WCCU before the next financial year, starting 6 April 2024.
