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Cooperative Financial Services was formed in April 2002 to bring together The Cooperative Bank, Cooperative Insurance Society (CIS) and smile under the common leadership of Mervyn Pedelty, Chief Executive, CFS.

It offers a complete range of financial products, from high street banking to internet banking with smile, from current accounts, credit cards and loans to stakeholder pensions, unit trusts and insurance as well as independent financial advice.

One of the largest financial services organisations in the UK with more than 7 million customers, it has an annual income of £3.5 billion and assets of more than £33.5 billion.

Both The Cooperative Bank and CIS were first in their respective sectors to introduce CSR programmes with fully audited triple bottom line (social, environmental & financial) reports in the UK. The Cooperative Bank has a wellestablished Ethical Policy, which reached its 10th Anniversary in 2002. The policy reflects customers' views about how their money should and shouldn't be invested. CIS is a recognised leader in the field of Socially Responsible Investment, and in 2002 was the first UK institutional investor to publish its entire voting record on its website.

 




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sub prime lender offering secured and unsecured loans
UK
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