Two more credit unions awarded the 5-star Fairbanking Mark
24 Aug 18
Clockwise Credit Union and Transave Credit Union have this week received 5-star Fairbanking Marks for their loan products.
The Fairbanking Foundation was established in 2008 to encourage and assist the development of banking products that improve the financial well-being of their users by enabling them to manage their money better. The 5 Star Fairbanking Mark is the highest possible award and now 17 credit unions across Great Britain have received it for their loan products.
Clockwise Credit Union’s General Manager, Teresa Manning, said: “We are absolutely delighted to have been awarded for the 5-star Fairbanking Mark for our personal loan products. We are proud to be part of the credit union community and fostering the credit union ethos. We passionately believe in putting our members’ needs at the heart of all we do.
“This award reflects our commitment to leading the way in improving the financial wellbeing of our community and its people with a quality loan product appropriate to their needs, and providing first class customer service. Achieving the 5-star Fairbanking Mark reflects not only our vision but our mission, values and the hard work and dedication of the staff, directors and volunteers.”
Rachael Hardman-Jones, Chief Executive of Transave, said: “Everyone at Transave Credit Union is overjoyed at being awarded the 5-star Fairbanking Mark. Obviously, this achievement reflects very well on those connected with the credit union, their hard work and dedication. But even more importantly, it is recognition that the financial wellbeing of its members is hardwired into Transave’s DNA”.
Chief Executive, Aidene Walsh, at the Fairbanking Foundation commented on the achievement for the two credit unions saying: “We have now assessed the personal loan products of 17 credit unions and evidence shows that credit unions are playing an increasingly important role in people’s financial lives in the UK.
“The Fairbanking Foundation is delighted to recognise the effectiveness of the Personal Loans of Clockwise and Transave Credit Unions and they have both been awarded the highest classification of a 5 star Mark. Fairbanking looks forward to certifying more credit unions across all products in 2018”.