News

Commuters – Save £’00s with a Low Cost Season Ticket Loan!

Commuters – are you buying weekly or monthly season tickets because the upfront cost of an Annual Season Ticket is too much to pay at one go? Even after interest payments, you can save hundreds if pounds if you take a Season Ticket Loan from St Albans District Credit Union and buy an Annual Season […]

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St Albans District Council & St Albans District Credit Union to increase help for the homeless

St Albans City and District Council has been awarded more than £500K by the Government to fund extra services to help reduce homelessness over the next two years. This new funding follows a government decision earlier this year to change the way councils receive funding for homelessness prevention services. Among a number of initiatives, the […]

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CHRISTMAS IS A TIME FOR FAMILIES, NOT LOAN SHARKS

MORE ‘struggling’ Hertfordshire families who are starting to feel the pinch in the run up to Christmas could be tempted by loan sharks, warns the St Albans community bank. St Albans District Credit Union is urging families not to be swayed by high-interest lenders enticing them with promises of quick cash before the Christmas period […]

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Michael Sheen video to support credit unions

October 19th was the day that credit unions celebrated all around the globe to raise awareness of the movement and Welsh Hollywood actor, Michael Sheen, has released a YouTube video emphasising the benefits of credit unions and encouraging people to join via the Find Your Credit Union website. Click here to watch the video

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The Credit Union signs new agreement with SADC

The Credit Union has recently signed an agreement with St Albans City & District Council to offer budgeting accounts to Council tenants in order to assist in the transition to Universal Credit due in November 2017. Universal Credit payments can be paid into the tenants’ credit union accounts and money due for rent will be […]

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Important news for Junior Savers

The Credit Union Board has agreed a junior saver interest rate for 2016/17 of 2% applying only to the first £3,000 of share balances. The interest will  be added to qualifying accounts in October 2017. However in view of increasing pressure on costs the Board is giving notice that for 2017/18 the interest rate will be […]

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Is my money safe in a credit union?

The latest figures form the Bank of England show that with assets of over £3 billion and almost 2 million members, UK credit unions are substantial financial institutions. Latest Bank of England Statistics Along with all credit unions, St Albans District Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial […]

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Not just for the less well-off

People sometimes tell us that the typical credit union user is someone who the large banks don’t want as a customer and so isn’t relevant to them. This is simply not true! Many people become our members because they want a local community-oriented bank rather than a big commercial financial institution. They know that a […]

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We are a not-for-profit community bank

Sharing of rewards and benefits is at the core of all credit unions, including St Albans District Credit Union. Commercial banks are owned by shareholders or are part of bigger groups, we are owned and run by our members. We do not have to pay dividends to anyone except our members. Once you become a […]

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Make sure we have your up-to-date contact details

It’s really important that members let us have their up-to-date contact details. We often discover that members have moved house, changed their landline or mobile phone number or changed their email address. Not only does this create problems for our office volunteers, it makes it difficult for us to communicate important information concerning members’ accounts […]

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