At the AGM on 20th May 2026 we are bringing a proposal to increase our common bond from Derbyshire to include the wider East Midlands region. This will include Nottinghamshire, Nottingham City East Staffordshire.
The proposed new wording is:
| an individual residing in or being employed in the locality of the County of Derbyshire or the City of Derby, “DE” postcodes, the County of Nottinghamshire or the City of Nottingham, East Staffordshire Borough, Staffordshire Moorlands, Lichfield District and Tamworth Borough as delineated on the attached map |
There are a number of benefits for DCBank to be extending our reach:
Our region now falls within the East Midlands Combined Authority EMCCA, so it makes some sense to include everyone within the region, and means that we have improved accessibility to funding and projects within the EMCCA region.
The east of Staffordshire currently has no credit union – amazing but true. That’s 250,000 people who can access credit union savings and loans for the first time
Derbyshire county doesn’t include all ‘DE’ postcodes, which can cause some confusion.
Current regulations permit a common bond up to 3million population. This proposed change increases DCBank’s estimated population from 1million to 2.7million.
This population increase enables DCBank to increase our membership, improving our efficiency and benefit from economies of scale.
The UK government has the ambition to double the size of the mutual sector (that includes credit unions). The Kings speech this year included the long awaited Enhancing Financial Services Bill, which will increase credit union common bond population to 10million, enabling larger, more efficient and effective credit unions to flourish. Increasing our common bond towards the 3 million population size is a stepping stone towards that ambition.
We hope that Members will join us on 20th May for the AGM and support this resolution. Register to attend the AGM
