Provident, who also offered loans under the Glo, Satsuma and Greenwood names have ceased to offer any new loans, including new loans to their existing customers.
St Albans Community Bank may be a useful alternative source of loans to qualifying former Provident borrowers. As a not-for-profit financial co-operative, owned and run by its members, we can provide affordable loans to people in the local area (anyone who lives or works in Hertfordshire can apply). We have no external shareholders, so any surpluses we make are ploughed back into running the bank or are paid as a dividend to our members.
We are part of the credit union movement which has a combined membership of over 1.25 million, over £1.3 billion in assets and more that £750 million in outstanding loans.
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