Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority  

St Albans District Credit Union Ltd Registered Office: 135 Hatfield Road, St Albans, Herfordshire. AL2 4JX

Registered in England NoIP00662C



ST ALBANS DISTRICT CREDIT UNION

135 Hatfield Road, St Albans, Hertfordshire, AL1 4JX

Tel 01727 859135   office@stadcu.org   www.stadcu.org


NEWS ROOM

Chairman’s Notes


Award of £20,000 grant by the Credit Union Foundation in association with the Lloyds Banking Group


On 1st March,  I and John Lickiss, our IT Director, attended the Houses of Parliament to receive the grant and which will be spent on improving our IT facilities.  A full report is attached.


14th Annual General Meeting (see links below)


Held on 14th March 2016 at 8 pm


Chairman’s Report - 14th Annual General Meeting 14th March 2016


Wheathampstead - Change of opening hours


Please note that the Wheathampstead desk is no longer open on Tuesdays but it now open from 9.30 to 11.30 am on Saturdays for Savings, Loan Repayments and Loan Advice.


School Savers (Treasure Chest)


The Credit Union’s School Savers’ Scheme has been awarded £1,000 from the St Albans City and District Council’s Community Grants Fund. We will use the money to pay for prizes for our school savers and to extend the School Savers’ Scheme to other schools in the community. .


Protection of savings


All Credit Union member's savings are currently protected under the Financial Services Compensation Scheme (FSCS) up to the existing limit of £85,000. However, from 1 January 2016, this limit will be amended to £75,000, due to the current value of the pound against the euro. Since the maximum amount that individual members can currently save with Credit Union is £15,000, all member's savings will continue to be protected under the FSCS.


Dividend for our savers  Year 2014/15


At the Credit Union AGM on 14 March 2016, a dividend of 0.6% for the 2014/15 year was approved unanimously by those members attending. This dividend will be added to member's share accounts during April 2016 (after 5 April). Due to the changes in the taxation rules around interest on savings announced by the Chancellor, only members who complete tax returns need to report credit union dividends. If tax returns are completed, the dividend should be reported as interest income.



Colin Metcalfe


March 2016




     



1.     President and IT Director attend Houses of

Parliament to receive £20,000 grant



 2..   Annual General Meeting


2016 Chairman’s Report

  

AGM 2016 - Agenda


Minutes of Meeting AGM 13 March 2015 for approval


Statement of Accounts  30 September 2015  




3.    Credit Notes - Latest Newsletter  




4.  2015 Volunteers’ Party