News

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. Click […]

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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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Dividend Payments Made To Members

All qualifying members received a dividend on their savings during the year ended September 2016. The St Albans District Credit Union paid a dividend of 0.5% on adult members’ average savings balances over the previous year. The dividend payments were added to adult savers accounts on 29th March 2017.  While Junior Savers had already received […]

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Loans Granted Hit Three Year High

In the most recent financial year loans granted directly by St Albans Credit Union reached £175,000 (£192,000 if other types of loans are included) reported Chairman Colin Metcalfe at the recent AGM. However, we have money available to loan at competitive rates but we need more members to take out loans and for more non-members […]

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Credit Union Assets At New Record Level

The assets of St Albans District Credit Union exceeded £1 million for the first time ever reported Chairman Colin Metcalfe at the AGM held in March 2017.  Assets have more than doubled since 2011 and grown by more than 10% on the previous year. Changes in reporting rules affect long term comparisons but the surplus generated in […]

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Continuing Growth Reported at AGM

At the recent AGM of St Albans District Credit Union, Chairman Colin Metcalfe reported that membership had reached a new high of 1779 with total saving at £840,000 (also a record). Click here to see the full Chairman’s Report

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£2 million Loans Landmark

From our opening in 2002 St Albans District Credit Union has grown steadily with almost 2,000 borrowers and savers using its services and it has now passed the landmark figure of £2 million of loans. Our Chairman, Colin Metcalfe, said ‘To reach £2 million of loans granted is a significant milestone in the development of […]

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Spreading the Word

Have you seen our advertising campaign promoting our Homeowner Loans? It has been running in St Albans Now, Harpenden Now and the Wheathampstead Minimagazine.

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