Castle Community Bank was formed late in 2015 following the merger of two long established credit unions: Castle and North Edinburgh, along with the members of the Water of Leith Credit Union Study Group. The study group was set up with the aim of establishing a Credit Union in Leith.
Castle Community Bank has built on this proud heritage to extend its reach to people across Edinburgh and the Lothians, and now across Scotland thanks to its association with FEA UK.
We may not be as big as the well known ‘high street’ or ‘challenger’ bank brands, or even other community savings and loans providers, but the Board is committed to growing the organisation, and developing the range of products and services it can offer.
We offer savings and loans to anyone who lives or works within the ‘EH’ postcode area. If you’re looking for an alternative home for your savings and loans, Castle Community Bank could be for you.
Our products are similar to what you’d find at a bank but our ethos is very different. We don’t have shareholders. We are a financial co-operative: an organisation jointly owned and run by its members where members pool their savings to lend to one another. We’re here to provide a financial community accessible to everyone.
As well as being a financial co-operative, we’re also a social enterprise. This means appealing to those who want to benefit their neighbours, improving the financial understanding and empowerment of people in the use of money and the management of their financial affairs, as well as reaching out to those excluded from accessing affordable financial products and have no option but to use high cost credit.
We want to break the cycle of debt.