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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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Members Area Login Issues Resolved

We are pleased to say that the technical problem with the log in to the Members Area has been resolved. Members should be able to log in as normal. Anyone still having difficulties should contact the office by email (office@stalbanscommunitybank.co.uk) or by phone during office opening hours (01727 859135)

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London Colney Collection Point

Good news.  We have resumed our Collection Point at the London Colney council office on Tuesdays from 1 -1.30.

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Office Opening Arrangements August 2021

St Albans Community Bank’s new office at 55 Catherine street, St Albans is now open on Tuesdays, Thursdays and Saturdays between 10.00am and 12.30pm, and this will be reviewed further once demand has been assessed. We will however operate remote services, including the transfer of funds to bank accounts and to the Engage prepaid debit […]

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Provident Ceases Doorstep Lending

Provident, who also offered loans under the Glo, Satsuma and Greenwood names have ceased to offer any new loans, including new loans to their existing customers. St Albans Community Bank may be a useful alternative source of loans to qualifying former Provident borrowers. As a not-for-profit financial co-operative, owned and run by its members, we […]

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