News

Importance of credit union/community bank lending highlighted

Interesting article from the i newspaper published recently Membership of credit unions soars as Britons struggle to get loans through mainstream lenders Among the Key Points: Adult membership of credit unions (including community banks) has risen to 1.9 million, the highest ever level Total loans were £1.74bn The most expensive credit union/community bank loans can […]

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Celebrating 20 years of helping the community

Both the St Albans Mayor, Cllr Edgar Hill, and the St Albans MP, Daisy Cooper, were present to help celebrate the St Albans Community Bank’s 20th anniversary held last Friday at St Paul’s Church. In welcoming guests and a number of past and present volunteers, the current Chair, Isabel Dolan, praised the founder members for […]

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NOTIFICATION OF ANNUAL GENERAL MEETING

The St Albans District Credit Union Ltd, now trading as St Albans Community Bank, will be holding its twentieth Annual General Meeting on Monday 28 March 2022, commencing at 8.00pm. The meeting will again be held via Zoom. Only current members of the organization are allowed to attend and vote at the AGM and each […]

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London Colney Customer Centre Closes

Our London Colney customer centre closed from the 1 February 2022 due to the effects on demand and the Community Bank’s resources from the pandemic. We will continue to provide services to our London Colney members through the website, email, telephone or by visiting our 55 Catherine Street office in St Albans. We will reconsider […]

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Main Office Hours Return to Normal

Following the latest government guidance, the main office will now be open on Tuesdays, Thursdays and Saturdays 10am – 12.30pm

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AGM Minutes

The draft minutes of the AGM for the year 2019-20 held on 16 June 2021 have been published. CU AGM Minutes March 2021 These remain in draft until approved at the next AGM.

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Adjustment to Loan Interest Rates

From 1 January 2022, we are coming into line with many other Community Banks and Credit Unions whereby new standard loans of less than £1000 will be charged at 3% interest/month (42.6% APR) rather than the previous 2%/month (26.8% APR). The new rate will NOT apply to agreed extensions of existing loans at 2%/month (26.8%APR) […]

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Office Closed

In the light of the change in Covid regulations saying that those who are able to do so should work from home, the Community Bank will revert to remote working from Tuesday 14 December. You can phone during office hours on 01727 859135 or you can bank on-line at www.stalbanscommunitybank.co.uk or you can email at […]

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Office Reopen

Following emergency repair work, we are pleased to announce that the office reopened on 27th November. Office hours have now reverted to normal. We apologise for any inconvenience while this work was undertaken.

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Young Savers Interest Rate

For the year 2020/21 the interest rate for young savers will be 0.5% applying only to the first £3000 of share balances. The payment of interest to young savers is at the discretion of the Community Bank Board and is subject to available funds.

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