Clockwise Credit Union
Financial ServicesEngland, United Kingdom11-50 Employees
Clockwise Credit Union is a financial services cooperative based in Leicester, Leicestershire, England, serving the counties of Leicestershire, Rutland and Northamptonshire. It operates on a member-owned model where deposits from members fund loans to other members, with competitive interest on loans and any surplus returned to members as interest. The credit union offers a range of ethical financial products designed to help people regardless of circumstance and is part of the UK credit union community of more than a million members; it was established in 1992 and participates in the Financial Services Compensation Scheme and the Financial Ombudsman. Clockwise's leadership includes chief executive Teresa Manning, who was made an MBE in 2020 for services to financial inclusion, the Credit Union movement and the community of Leicestershire. In 2023 the organization launched a cloud-native core banking solution, reflecting a modernization of its core operations.