South Tees Community Bank Ltd, which trades as borofree, is a not-for-profit financial cooperative, commonly known as a credit union. Its mission is to provide ethical and affordable financial services to its members. The organization is owned and controlled by its members, with a focus on serving the local community of Middlesbrough. It offers a range of services including savings accounts and personal loans, promoting financial well-being and providing an alternative to high-cost lenders. The entity is fully authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA).

Founded in

United Kingdom