In giving the award, Bolton News said that Hoot won because of the impact it makes on the financial well-being of the community, and the success it has demonstrated in maintaining a community-owned business in a competitive market.
Chris Canham, CEO says “We are delighted to have won this award. We are a small team dedicated to improving financial well-being, and providing affordable loans and savings to everyone. The award has boosted the enthusiasm of our employees to do even more to help the most financially challenged, and also to get the message out that everyone can benefit from our services”
Hoot credit union is a community-owned, co-operative financial services provider that provides a local focus to financial well-being.
This means that we focus on serving the needs of our local community, including local employers, and share our success – our profit only with the people that use our services.
How does this help the economy?
Hoot members have saved over £2m between them, 4% saving for the first time
Those savings are used to lend at fair and affordable rates to local people
For every £1 we lend: £1.87 is spent in Bolton and Bury, and £2.15 in Greater Manchester, recycling our savings within our community
Since 2019, this equates to a £20.9m boost to the local economy
Our savers and borrowers represent a broad range of our community, so that by saving and borrowing with Hoot, you are supporting the most financially challenged in the community, whilst still getting an ethical, local service.
Hoot is about connecting individuals who want socially responsible finance that contributes directly to their community and local economy.
Recycling money for the benefit of the community – what’s not to like! To find out more about how you can help your employees or clients to benefit from Hoot go to:
