Yes, that means no shareholders and investors to squeeze out profits through predatory lending.
Peer to peer financial services. These could be your employees!
Money is Safe
Protected savings deposits under the Financial Services Compensation Scheme (FSCS)*
Income generated from lending activities goes back as dividends** on savings to member.
*The Financial Services Compensation Scheme (FSCS) protects up to £85,000 in deposits per person. More information on www.fscs.org.uk.
**Members have the possibility of earning dividends defined as a percentage paid on accumulated savings. The rate of dividend is decided democratically in the annual general meeting where each member has 1 vote.