Credit Union Newsview Castle Community Bank Receive £1 Million Funding Boost
Castle Community Bank is a Leith-based credit union which has received a £1 million investment from responsible finance provider Social Investment Scotland.
#ABCUL #Credit Unions #Updates
26/01/2024
Castle Community Bank is a Leith-based credit union which has received a £1 million investment from responsible finance provider Social Investment Scotland.
The credit union has experienced incredible growth in recent years and the sub-ordinated loan was granted to support the ambition to be a business of scale providing ethical and affordable loans and excellent returns for savers.
Castle Community Bank uses innovative fintech outsourcing to unlock greater scale and efficiencies which has helped contribute to the developments in its size.
Adrian Sargent, CEO of Castle Community Bank said: “I’m delighted that Social Investment Scotland has confidence in Castle Community Bank and has invested £1million. This fantastic investment will reap benefits for not only our organisation but also the communities and members we support in Leith and beyond. This is another important step in our journey to grow the credit union sector and promote financial inclusion in the UK.”
Source: Social Investment Scotland
Recent news
Catchup with the latest news featuring the credit union sector.
All Together Money Announces Annual Conference 2026 in Leeds
All Together Money has officially announced the return of its Annual Conference, with the sector’s flagship event set to take place on Friday 11 & Saturday 12 September 2026 at...
Read more
Salford Credit Union to Become Salford Community Bank
Salford Credit Union is set to rebrand as Salford Community Bank as it continues its sustainable growth, bringing community banking back to Salford in its Centenary year.
Read more
Strengthening Affordability Assessments in Credit Unions
To support credit unions in navigating this challenge, Dr Andrea Fejős has led a two-year research project involving extensive legal analysis and sector-wide engagement. The project culminated in the publication...
Read more
King’s Speech Reinforces Government Support for Credit Union Reform
The King’s Speech 2026 has reinforced the growing importance of credit unions within the UK’s financial services landscape, with the Government confirming continued commitment towards common bond reform, wider financial...
Read more
Government Reviews Access to Face-to-Face Banking Services
The Government is taking action to ensure people and communities across the UK can continue to access the banking services they need by commissioning an independent review alongside delivering new...
Read more
Fair4All Finance Transformation Fund Roadshows Conclude in London
The final roadshow for the Fair4All Finance Credit Union Transformation Fund took place in London this week, bringing to a close a nationwide programme of engagement events following earlier sessions...
Read more