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About Us Who we are

Who we are

Somerset Savings and Loans is a community owned, not-for-profit financial co-operative offering a truly local alternative to traditional banking and credit institutions.

Launched in 2004 we now have over 2,200 members and continue to grow strongly. Members' savings total £2.2m of which £1.4m is out on loan in our local community.

We can provide market leading savings dividends and highly competitive loan rates to our members because we serve our members, not shareholders in far flung lands. In addition all savings are protected by the FSCS, just the same as any high street bank.

We offer honest, transparent and affordable financial services and our members are at the heart of everything we do.

Our mission is:

To be the savings and loans organisation of choice in the communities in which we work. To provide high levels of customer service based on inclusivity, honesty and integrity. To help our communities through responsible lending and financial education.

Join us and work with the Community for the Community. Our members are our shareholders.

To become a member you need to live or work in Somerset or Devon, see details here.

Call us:
  • Tel.
  • 01275 390650
Opening Hours
  • Mon - Fri
  • 9.30am - 4.30pm
Visit us:
  • Thu
  • 9.30am - 12.30pm / 1.30pm - 4.30pm
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Somerset Savings & Loans is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential
Regulation Authority. FCA & PRA FRN: 230768