Merger Approved - DCBank & Chesterfield & North-East Derbyshire Credit Union are joining forces

We are delighted to announce that Chesterfield & North-East Derbyshire Credit Union (CNEDCU) will be merging with DCBank.

We’re aiming to bring CNEDCU into DCBank before the end of September. At that point, we will operate as a single organisation under the trading name Derbyshire Community Bank. This merger brings together two community-driven financial cooperatives that share the same mission: to support people across Derbyshire to save, borrow and thrive financially.

Next Steps

We’ve already done a lot of work with CNEDCU to make it easy to transfer their members into DCBank, so we’re expecting the whole process to be completed on a single day with minimum disruption for our Members.

If you have any questions, feel free to contact us at info@dcbank.org.uk

What does the merger involve?

CNEDCU will carry out a Transfer of Engagements to DCBank. This means all CNEDCU members will become DCB members, and:

• Their savings and loans will transfer under the same terms and conditions
• They will be given a new Membership number as a new DCBank member

• They will gain access to DCB’s full range of products and services

• They will be eligible for any dividend we may pay to savers in future

Looking ahead

This merger is a really positive step for both credit unions. By joining forces, we’re making sure we remain strong, sustainable and well-equipped to serve our members now and in the future.