Ever wondered if one person could truly challenge the established financial order? Dave Fishwick, the founder of Burnley Savings and Loans, dared to do just that, turning his frustration with the banking system into a beacon of hope for his community.
In the wake of the devastating 2008 credit crunch, when trust in financial institutions plummeted, Dave Fishwick, a Lancashire businessman, decided to take matters into his own hands. Witnessing firsthand the struggles of small businesses in his hometown of Burnley to secure funding, he embarked on a mission to create a banking alternative one that prioritized community and ethical lending. This vision materialized as Burnley Savings and Loans (BSAL), an independent lending company that officially opened its doors in September 2011. While often referred to as the "Bank of Dave," it is formally registered as Burnley Savings and Loans Ltd., operating from 30 Keirby Walk, Burnley, Lancashire. It functions under the slogan "Bank on Dave!".
BSAL's establishment wasn't without its challenges. Fishwick navigated a complex regulatory landscape, facing hurdles in his quest to become a fully licensed UK bank. Despite these obstacles, Burnley Savings and Loans has thrived, providing personal loans with transparent ownership options. As the finance isn't secured on the vehicle, you own the vehicle once purchased. This unique approach caught the attention of Channel 4, who documented Fishwick's journey in a series in 2012, further amplifying his call for banking reform. To this day, he is still looking to get the business officially recognised. The scheme gained media attention after Fishwick's early efforts were captured in a series for channel 4 in 2012, including his call for parliament to reform the banking system.
Fishwick, a charismatic entrepreneur, businessman, investor, and author, has become an inspirational figure. His story resonated so deeply that it inspired the biopic "Bank of Dave," starring Rory Kinnear as Dave Fishwick. The Chris Foggin directorial portrays Fishwick's fight against payday loan companies and his determination to provide accessible and ethical financial services. The film, available on Netflix, has further popularized the narrative of the "loan ranger" and his efforts to create a fairer financial system.
Burnley Savings and Loans operates with a strong ethical compass. Dave Fishwick stated, Burnley savings and loans ltd are pleased to be associated with the excellent vulnerability registration service, who help protect vulnerable people. Burnley savings and loans ltd are consumer centric, and as an ethical business, we believe we have a duty to act in the very." This commitment to social responsibility is at the heart of BSAL's mission.
Despite its success and impact, Burnley Savings and Loans is not technically an official UK registered bank. This means that customers are subject to deposit limitations. However, BSAL continues to thrive and serves as a testament to the power of individual initiative and community-focused banking.
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Dave Fishwick, along with CEO Jim Bradley, have consistently championed their mission. In 2017, Fishwick first applied to become a UK regulated bank, with the intent of offering an expanded range of products to a wider audience. While the journey to full recognition continues, his commitment to the community remains unwavering. Burnley Savings and Loans Limited remains a symbol of hope and a challenge to the status quo in the financial world.
The impact of Burnley Savings and Loans extends beyond its immediate customers. Dave Fishwick's story has sparked conversations about ethical lending, banking reform, and the role of community-based financial institutions. His work has inspired others to consider alternative financial models that prioritize people over profit.
Burnley Savings and Loans is a living example of how one person's determination can make a significant difference. Dave Fishwick's vision, coupled with his unwavering commitment to his community, has created a lasting legacy that continues to inspire and challenge the financial industry.
The story of Burnley Savings and Loans also serves as a reminder of the importance of financial literacy. By empowering individuals with knowledge and access to fair financial services, communities can build stronger economies and create opportunities for all.
Looking ahead, Burnley Savings and Loans remains committed to its mission of providing ethical and community-focused financial services. As the financial landscape continues to evolve, BSAL's values will continue to guide its operations and its commitment to serving the people of Burnley and beyond.
The impact of "Bank of Dave" extends beyond the financial realm, prompting discussions about the responsibility of financial institutions to serve the needs of their communities. The film's success and the ongoing operation of Burnley Savings and Loans demonstrate the public's desire for ethical and community-focused banking alternatives.
The struggles and triumphs of Burnley Savings and Loans offer valuable lessons for aspiring entrepreneurs and community leaders. Dave Fishwick's story highlights the importance of perseverance, innovation, and a deep understanding of the needs of the people you serve.
Despite the challenges, the spirit of "Bank of Dave" continues to resonate. The story of Burnley Savings and Loans is a testament to the power of individual initiative and the importance of community-based financial solutions.
Personal Loan (PL) ownership options are available with Burnley Savings and Loans. As the finance is not secured on the vehicle, you own the vehicle once purchased.
Yorkshire actress starring in 'bonkers' winnie the pooh horror says cast have received 'hate and death threats' BSAL opened its doors in 2011 and was dave's response to what he perceived as a broken banking system.
Its a wonderful life for this proud man of Burnley.
Dave, who popped into This is Money HQ alongside the bank chief executive Jim Bradley to tell us the news, launched Burnley Savings and Loans in 2011, in the wake of the financial crash and the
The actual Dave Fishwick, a 53 year old from Lancashire, launched the bank in 2011.
Bank of Dave is a biopic that follows the story of Dave Fishwick, who in the wake of the 2008 credit crunch started his own banking initiative so he could lend money to small businesses in his hometown of Burnley, Lancashire, in north west england.
| Category | Information |
|---|---|
| Full Name | David Fishwick |
| Date of Birth | (Information not publicly available) |
| Place of Birth | Lancashire, England |
| Nationality | British |
| Occupation | Entrepreneur, Businessman, Investor, Author, Founder of Burnley Savings and Loans |
| Company Founded | Burnley Savings and Loans (BSAL) |
| Year Founded | 2011 |
| Location of BSAL | 30 Keirby Walk, Burnley, Lancashire |
| Known For | Founding a community-focused lending company after the 2008 financial crisis |
| Media Attention | Channel 4 documentary series (2012), Biopic "Bank of Dave" (2023) |
| Official Website | Burnley Savings and Loans (Official website may have limited information) |
| Movie Portrayal | Played by Rory Kinnear in the film "Bank of Dave" |
| Mission | To provide ethical financial services to the community, especially to small businesses in Burnley. |
| Personal Loan | Available |
| Ethical Stance | Consumer-centric and ethical, collaborating with Vulnerability Registration Service to protect vulnerable people. |
Official Website (Note: Replace with official website if available. Many sources do not have a direct link to Dave Fishwick's official business page.)
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