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Banks & Finance Articles

23/12/2019
Record-breaking fraud prevented in run up to Christmas
Royal Bank of Scotland prevents over £11.64million of fraud in run up to Christmas (29 Nov to 19 Dec 2019).   A record-breaking number of transactions are being processed in the run up to Christmas as shoppers rush to finish last minute shopping.  
23/12/2019
Best Year Ever For Hi-Scot Credit UnionThumbnail for article : Best Year Ever For Hi-Scot Credit Union
As 2019 draws to an end, the staff and volunteers at HI-Scot credit union are reflecting on a successful year for the organisation.   "We are pleased to report that 2019 was another twelve months of growth for HI-Scot," said Margaret Ann MacLeod, Chair of the Board of Directors, "This is good news not only for the credit union, but for our members and the communities we serve across the Highlands and Islands." At the recent HI-Scot AGM, the members attending approved a 0.5% dividend.  
28/11/2019
Hi-Scot Credit Union Savers Ready For ChristmasThumbnail for article : Hi-Scot Credit Union Savers Ready For Christmas
Christmas came early across the Highlands and Islands for members of HI-Scot credit union.  Canny savers received their Christmas savings in November, leaving plenty of time to get their Christmas shopping done.  
30/10/2019
Hi-Scot Credit Union Is 13 Years Old And Still GrowingThumbnail for article : Hi-Scot Credit Union Is 13 Years Old And Still Growing
The number thirteen might be unlucky for some, but not HI-Scot credit union who are celebrating thirteen years of serving their members across the Highlands and Islands of Scotland.   From humble beginnings as an idea conceived by hard-working volunteers determined to bring an ethical, community-minded option for saving and borrowing to the islands, Western Isles credit union (HI-Scot's original incarnation) opened its doors in 2006.  
11/10/2019
Work Not Worry - Help Your Employees Save With Your Credit UnionThumbnail for article : Work Not Worry - Help Your Employees Save With Your Credit Union
Employers can help their staff to save very easily by offering payroll deductions each month with a credit union.   Credit unions are financial co-operatives owned and controlled by their members.  
1/10/2019
Hi-scot Credit Union Taking Part In Worldwide CelebrationsThumbnail for article : Hi-scot Credit Union Taking Part In Worldwide Celebrations
In October HI-Scot, the credit union for the Highlands and Islands, will take part in a worldwide celebration of credit unions.   Thursday 17th October is International Credit Union Day 2019, a day which highlights the history and achievements of the movement, as well as raising the profile of the work of credit unions in local communities, reflected in this year's theme: 'Local Service, Global Reach.' "HI-Scot has been working across the Highlands and Islands for thirteen years and, in 2019, we have over three thousand members," said HI-Scot General Manager, David Mackay, "In that time we have approved over four thousand loans.  
19/6/2019
Clydesdale Bank Name To Be Rebranded To Virgin MoneyThumbnail for article : Clydesdale Bank Name To Be Rebranded To Virgin Money
Savers with Virgin Money, Yorkshire Bank and Clydesdale Bank face changes to their compensation limits later this year.   Clydesdale and Yorkshire Bank Group (CYBG) bought Virgin Money last year to create the UK's sixth largest bank.  
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18/4/2019
TSB - The Bank Reductions Keep Coming - Thurso And Wick Reduced Opening HoursThumbnail for article : TSB - The Bank Reductions Keep Coming - Thurso And Wick Reduced Opening Hours
MSP contacts TSB chief executive after closure and reduced hours released.   MSP David Stewart has called for the UK Government to take action to stem the flow of bank closures and the pattern of reduced banking hours following the announcement that the TSB is to close a Moray branch and cut hours at other branches across the Highlands.  
7/3/2019
Easy To Join The Hi-Scot Credit Union Online - Saving And BorrowingThumbnail for article : Easy To Join The Hi-Scot Credit Union Online - Saving And Borrowing
HI-Scot has been in existence since 2006, though up until 2010 was under the name of Western Isles Credit Union.  The name was changed to HI-Scot to reflect that fact that we'd moved to a position of serving all of the Highlands & Islands, and indeed anyone who lives or works in this area can apply to join us.  
23/1/2019
Thurso Santander Bank Branch Escapes Closure as 140 Branches AxedThumbnail for article : Thurso Santander Bank Branch Escapes Closure as 140 Branches Axed
Santander has today announced plans to reshape its branch network and close 140 branches in response to changes in how customers are choosing to carry out their banking.   Santander's future branch network will be made up of a combination of larger branches offering improved community facilities to support local businesses and customers, and smaller branches using the latest technology to offer customers more convenient access to banking services.