The Anti-Christian Co-op Bank is taking over a large number of Lloyds TSB bank accounts and all Cheltenham & Gloucester customers, forcing Christian customers to look around for some of the alternatives listed in this article.
The mutual has secured a deal to take over 632 branches. An estimated 4.8 million Lloyds customers will transfer to the Co-op, along with up to 7,000 staff who currently work in the branches.
Lloyds, part-owned by the government, was forced into the sale to meet European Commission competition rules. The bank will be left with 1,300 branches.
The branches that will be going over to the Co-op Bank will not be initially be branded as Co-op banks. Such branches will be called TSB Banks as opposed to Lloyds TSB Banks (and will not have the name Co-op included in the title). If the logos and branding and name are similar, the less observant could easily give their trade by mistake to the Co-op and not to Lloyds TSB. The Financial Times reports that the move is not good news for savers.
In April, The Coop supermarket chain decided not to source Israeli goods from the so-called “occupied territories”. It is committed however to buying from elsewhere in Israel.
But the main concern about the Co-op bank itself is the way it discriminates strongly against those Christians who take their faith seriously. See: http://www.repentuk.com/coop.html
In 2005, the Co-operative Bank objected to Christian Voice banking with them. The ‘ethical’ bank, who claim not to discriminate, told Christian Voice to take our banking elsewhere because our Christian beliefs lead us to oppose homosexual rights and homosexual practice. The Co-op group is strongly pro-homosexual, sponsoring 15 gay pride events this summer, more than any other company.
Despite their ‘fair trade’ policies, they are clearly not the bank for Christians, nor for that matter the bank for anyone who does not support ‘gay rights.’
On Thursday 19th July 2012, Nationwide Building Society was challenged at its AGM in Manchester over a £65,000 donation to last November’s Stonewall homosexual lobby group’s awards, which included ‘Bigot of the Year’, awarded to respected journalist Melanie Phillips.
Those who will be affected by the Lloyds TSB changes will receive letters through the post advising them if their branch is one of those to be transferred. Customers may then object to the changes and demand that their account is transferred to a Lloyds TSB branch rather than remain with the branch that will automatically become a Co-op owned bank and be called TSB bank. The branches concerned are listed here, (confusingly, in the main list, in order of address not town):
Christians disillusioned with the High Street banks in general have the option of the Reliance Bank for ordinary banking. They are owned by the Salvation Army and 75% of their profits go to the Army’s work among the poor and dispossessed. http://www.reliancebankltd.com/reliancebank.nsf/pghome?openpage
For savings, there is also the Kingdom Bank, owned by the Assemblies of God, Britain’s largest Pentecostal denomination. http://www.kingdombank.co.uk/ Funds deposited by savers are lent to Christian projects for the advancement of the Gospel.
2Cor 6:17 Wherefore come out from among them, and be ye separate, saith the Lord, and touch not the unclean thing; and I will receive you, 18 And will be a Father unto you, and ye shall be my sons and daughters, saith the Lord Almighty.
Gal 6:10 As we have therefore opportunity, let us do good unto all men, especially unto them who are of the household of faith.
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