News

Support from St Albans Council Means Quicker Loan Decisions

St Albans District Credit Union has been awarded a substantial grant from the St Albans District Council’s Community Grants Fund to pay for its new Automatic Loan Decisioning project. This new tool will help the us to make loan decisions more quickly and, hopefully, to allow us to grant more loans than before. We are […]

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Great feedback from members!

It’s always nice to hear that our members appreciate the work done by our office manager and the volunteers. We’ve had a couple of emails this week: Duncan wrote “..great service as normal from the union – unlike my mainstream bank!” while Jacqui wrote “Must say, most impressed with the website! …thank you for the […]

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Help drive our social media presence!

Christopher has done a great job in getting our Twitter feed and Facebook page updated but sadly (for us) he has got a permanent job which means that he won’t be able to give us the time any longer. Are you a Twitter and FaceBook user? Would you be able to pick up and build […]

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Big Growth in People Applying for Loans

Since the launch of our new website, loan applications to St Albans District Credit Union have nearly trebled as local people are now able to apply online via their home computer, laptop, tablet or smartphone. The application form is simple and, provided you supply us with the necessary information (bank statements for the last 3 […]

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MP gives support to credit unions

Responding to a question concerning the use of food banks in relatively affluent areas, at a recent election hustings in Harpenden, newly elected MP Bim Afolami said that there were pockets of excessive personal debt and deprivation in the constituency and that we should support credit unions in contrast to payday and other high cost […]

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A warning to the unwary

A applicant wanted to borrow to replace a series of short-term loans (from other lenders). He is paying a typical APR of over 500%, meaning his £500 loan was costing him almost £1600 to repay. With a series of such loans, the applicant could only survive by taking out more loans. We were able to […]

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Welcome To Our New Website!

We hope that you like our new website which we believe is more visually pleasing and clearer to navigate. It allows users to apply online for membership, open savings accounts or make loan applications. Members will have online banking facilities The site was built with the help of grants from Lloyds Bank and St Albans […]

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Christmas! It’s Not Even Summer yet!

But if you think about Christmas now, you can double your money with St Albans District Credit Union! Open a Christmas Extra Account with us before the end of May & you can give your family a little more this Christmas. Save a regular amount each week or month and we will guarantee* to match […]

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New Burst of Radio Advertising

Tune in during April to Radio Verulam (92.6 FM and www.radioverulam.com) to catch our radio advertising promoting our loans available to Homeowners.  It features two friends discussing the new bathroom installed with the help of an affordable local loan from St Albans Credit Union and how loans are available to homeowners for any reasonable purpose. Listen […]

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Credit Union “Extremely Well Run”

Chair of the Supervisory Committee, Olusola Akinola reported to the recent AGM that her committee’s extensive checks had revealed no problems of major significance during the period under review. She further stated that “These findings were underscored by our auditors who found that the credit union is extremely well run and that all FSA procedures are […]

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