Methodist Chapel Aid
Last Rated in Sep 2024
MCA makes loans to Trustees of Christian churches and offers savings accounts for individuals, churches and other organisations. The company states it will not invest directly in the fossil fuel sector however it may hold collective investment funds thus not avoiding the potential for indirect involvement.
Have you opened an account with Methodist Chapel Aid since visiting Bank.Green?
Key Facts
Type: Bank
Mobile Banking: No
Environmental Policy: No
Founded: 1890
Serving: Consumers & Non-profits
Local Branches: No
Products
Checking Accounts: Yes
Savings Accounts: No
Credit Cards: No
Mortgages or Loans: Loans to churches and associated organisations
Business Lending: No
ISAs: Yes
Fees
Overdraft Fee: Yes
Account Maintenance Fee: Yes
Free ATM Network: No
Impact
• Provides low-interest loans to support church building projects and renovations.
• Focuses on enabling churches to enhance community facilities and services.
Security
• Regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
• Loans and deposits are safeguarded under the UK's Financial Services Compensation
Service
• Specialises in property loans and bridging loans for Christian churches and associated organisations.
• Offers flexible finance options tailored to project needs and church capabilities.
Accessibility
• Simplifies the loan application process with potentially reduced requirements for smaller loans.
• Provides personal support, including site visits and consultations at MCA offices.
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