Is banking changing because customers demand & communities need it, or because banks priority is their shareholders? Banking can change & evolve whilst still meeting the core needs of customers. North West Mutual will be a leader in restoring banking that people can be proud of.
Is banking changing because customers demand & communities need it, or because banks priority is their shareholders? Banking can change & evolve whilst still meeting the core needs of customers. North West Mutual will be a leader in restoring banking that people can be proud of.
SME lending by postcode for the first half of 2022 shows a 37% reduction in lending for NI SMEs - that's £2.2 billion of local wealth that was taken out of our economy. More than ever we need our own bank.
In April, May & June notes withdrawn from ATMs & Post Offices was up a whopping 26% on last year to almost £30 billion. At North West Mutual we’ll be a bank to keep it safe, keep it available and keep it flowing in our region.
We Having a Good Day
Two excellent directors appointed to our board, David Milner & Particia Grinyer. They bring essential expertise, knowledge and enthusiasm to North West Mutual. Learn more about them and us on our website. https://t.co/R3jT1PyqW0
Liverpool City Region has lost 87 bank branches since 2015. We'll help turn the tide by opening branches to underpin our communities and businesses and high streets.
North West Mutal will be building not closing. We'll have your back.
Branches
Axed
88%Wirral West
70%Fylde
67%St Helens North
67%Pendle
65%Wyre and Preston North
62%Blackpool North and Cleveleys
62%South Ribble
60%Hyndburn
60%Wallasey
58%Ribble Valley
Cash Machines are More Popular than Twitter !!!
Twitter has around 16m UK users. Last week alone there were over 30 million transaction at UK cash machines. Shame the banks are closing them. Time for a different sort of bank.
Small & Medium sized businesses employ more people and generate more turnover than large ones but 86% of all the credit the financial markets give to companies goes to the large ones. The North West needs a bank to support our local job creators.
New Policy Podcast
This week, Craig Dalzell (@thecommongreen) was joined from Wales by @markjhooper of @banccambria to discuss Community Banking.
Common Weal has campaigned for Scotland to launch a Community Bank for years. Wales is about to get one.
https://t.co/vUTSw4jW0h
This March Lloyds closed a branch on the Wirral because in a pandemic it was 1% quieter than a year ago!! That wasn't a typo. One percent. We need our own bank
What we want on our High Streets
For local high streets to thrive, a recent report listed peoples top wishes.
Barclays in Liverpool Woolton 37 transactions every hour of every day it's open. It closes on the 18th of June for good.
We're committed to local branches.
Congratulations
Dr Gemma Bone Dodds wrote the original business plan for North West Mutual and has been a strong backer of regional mutual banks. She has just been appointed as Director of Insights and Policy at the Scottish National Investment Bank.
Cash isn’t dead, it’s growing back.
Did you know that last week withdrawals from cash machines reached a two year high despite 8,400 cash machines on our high streets closing for good? At Northern Mutual we’re committed to keeping cash alive and kicking as long as you want it.