The Co-operative Bank’s support for Tyne & Wear
As part of the Co-operative Movement we’ve always been committed to making the world a better place. So we’re proud to continue to support the Community Foundation serving Tyne & Wear.
Community Directplus account
The Co-operative Bank Community Directplus account was created specifically for charities, social enterprises and community groups in mind. It offers:
- Free banking on all standard transactions for those:
- with a credit turnover of up to £1m per annum
- who deposit up to £100,000 cash per annum
- who deposit up to 5,000 cheques per annum
- charges may apply for exceeding the above limits and for any special services such as stopping cheques, CHAPS payments etc. Please refer to the tariff for full details.
- interest paid on credit balances over £2,000
- flexible banking – online, by phone, by post, via our bank branches or even at your local Post Office (by arrangement)
- a chance to apply for extra funding from our Customer Donation Fund
All current Community Directplus customers can apply for extra funding to support a special project. For every £100 deposited collectively by all account holders, 20p is added to the Customer Donation Fund. We award donations ranging between £500 – £1,000 to successful applicants and promise to donate at least £5000 twice a year.
Since 2003 we’ve donated over £592,000 to 691 organisations – you too could receive extra funding.
The Newcastle Cycling Campaign is one of several successful community-led initiatives in the North East who applied for the bank’s Customer Donation Fund. Its aim is to help create a cycle-friendly city. In April 2012, it received £850 from the Customer Donation Fund.
“It was a very welcome boost to our income. The funding will allow us to support our quarterly members’ meetings, cover communication expenses related to our lobbying activities and fund members’ activities. We will also use some of the money to buy an environmentally friendly printer. Until now, we have had to use external printing services so having an in-house facility will help us to save time and money,” said Claire Prospert, a founder member.
“We were delighted to receive the funding. It shows that the bank not only supports its customers, but also invests in their communities.”
Since 1992, our Ethical Policy has determined who we will and will not finance in line with our customers’ ethical concerns. As well as restricting finance to certain business sectors or activities, our Ethical Policy commits to provide finance to those organisations making a positive community, social and environmental impact.
We recognise the importance of ethics and values for all of our customers and remain committed to upholding them. The legal documents that form the constitution of the Bank now include a commitment to values and ethics that require us to act in line with the principles and values associated with the co-operative movement.
Want to find out more?
Call us on 0800 783 4741
We’re here 8:30am – 6:00pm Monday to Thursday, 8:30am – 5:00pm Friday and 9am – midday Saturday.
Or visit communitydirectplus.co.uk
The Co-operative Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (No.121885) and holds an Interim Permission in respect of consumer credit activities and subscribes to the Lending Code and the Financial Ombudsman Service. The Co-operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester, M60 4EP. Registered in England and Wales No. 990937.