Wave Community Bank recently had the privilege of being featured on Biz Connect Radio, broadcast live on Radio Ashford (107.1 FM) and hosted by Martin White. Biz Connect Radio is a bi-weekly program dedicated to discussing current business news, showcasing the best regional business talent, and fostering a collaborative business environment. The show reaches audiences across Kent, London, Essex, and Sussex, offering invaluable insights and connections for businesses and communities alike. For more information about the show or to listen to previous episodes, visit Kent Biz Connect.
Why a Credit Union?
During the broadcast, Emma Norledge, Deputy CEO of Wave Community Bank, passionately discussed the Credit Union Movement and Wave Community Bank’s ongoing efforts to enhance the financial wellbeing of the local community. She explained the fundamental principles of credit unions and the benefits of membership with Wave Community Bank.
“So, anyone who lives or works in East Sussex, Brighton and Hove, Kent, and Medway can join us, save with us, and apply for loans with us. It’s all about people helping people,” Emma stated.
When asked why individuals might choose a credit union over traditional banks, Emma highlighted the inclusive and supportive nature of credit unions. She stated that there are people who can’t get credit from high street banks or have struggled before due to poor credit scores from life events like bereavement, relationship breakdowns, or job losses. She proceeded to say that these events can significantly impact credit scores, even after financial recovery. At Wave Community Bank, Emma stated that they consider these circumstances and are more likely to lend to those who are now financially stable.
Workplace Savings Scheme
The discussion also touched on Wave Community Bank’s active involvement in the business community and its employee engagement programs. Emma at this point spoke about Waves Workplace Savings Scheme, called Chorus, which they run with numerous businesses across East Sussex and Kent. Emma continued “we would really like more employers to join us because what it is, is it’s a service that allows staff members to access savings and loans with us straight through their wages. And there’s a real benefit to that in that they’re going to get lower interest rates charges charged on their loans because we get the repayments at source, from the employer, it’s much less risk for us to lend to people.”
If you missed the live interview, you can listen to it in full here – Biz Connect Radio Show
Join Us Today!
For those interested in joining Wave Community Bank or employers looking to offer our FREE Workplace Savings Scheme to support employee financial wellbeing, please contact us at 0300 303 3188 or email info@wavecb.org.uk.
Wave Community Bank extends heartfelt thanks to Biz Connect Radio and Martin White for providing this opportunity to share our mission and services with a broader audience. Together, we are making a positive impact on the financial health of our community.
