Who owns community My Finance?
Is my community bank covered by FSCS?
My Community Bank is covered by the Financial Services Compensation Scheme (FSCS).
Is my community bank secure?
My Community Bank Savings Accounts are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000 per person.
Is a credit union better than a bank?
Credit unions typically offer lower fees, higher savings rates, and a more hands-and personalized approach to customer service to their members. In addition, credit unions may offer lower interest rates on loans. And, it may be easier to obtain a loan with a credit union than a larger impersonal bank.