Lenvi Standby Servicing supports Castle Community Bank
We’re delighted to announce the recent involvement of Lenvi as back-up servicer on Castle Community Bank’s circa £300m facility and My Community Finance. This latest facility reinforces the longstanding partnership between the two parties as My Community Finance continues to provide vital servicing to Castle Community Bank’s growing portfolio of personal loans and savings clients.
Castle Community Bank is one of the largest member-owned credit union in the UK, dedicated to providing accessible, ethical, and affordable financial services to individuals and families across the UK. Our focus is on supporting communities with fair financial solutions that promote financial wellbeing and inclusion. Complementing Lenvi is the work of My Community Finance who provide access to ethical, community-focused financial products across the UK by connecting savers and borrowers with a network of partner credit unions.
Castle Community Bank relies on third party outsourcers like My Community Finance, to provide originations and servicing on all our loan portfolios.
“Partnering with Lenvi’s team for back-up servicing has provided an extra layer of confidence for us, our investors, and our deposit members in the strength and resilience of our operations. Everyone we’ve worked with at Lenvi has been approachable, transparent, and straightforward in their communication. Their delivery exceeded our expectations and proved incredibly valuable to our business.” Adrian Sargent, CEO – Castle Community Bank
“We’re delighted to have supported Castle Community Bank and My Community Finance in this latest deal. Castle Community Bank are now one of the largest credit unions in the UK and their innovative approach sets them apart from more traditional models, so it’s a pleasure to work alongside them as back-up servicer. We look forward to our continued work together.” Brad Owen, Senior Business Development Manager – Lenvi
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