Flexible, Affordable Loans made Easy!

Providing flexible & affordable loans across Derbyshire

2024 Saving Challenge!

We’re on a mission to get Derbyshire saving with our £12 month Saving Campaign!

Keep up to date with our daily posts via Facebook!

Like & share our content! If you know anyone that would benefit from joining a Credit Union, please share some of the information we post via social media

Does your employer offer Credit Union payroll deduction yet?

Offering Payroll Deduction with DCB as an employee benefit works for you as the employer, and is a valuable service for your employees as they decide how much to save, this is deducted from their pay packet and credited to their Credit Union savings.

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Join the Derbyshire Community Bank here or Apply for a Loan if you’re already a current Member!

Apply Here

Who Are We?

As a financial not-for-profit co-operative. Derbyshire Community Bank is ‘owned’ by the 4,000 members who save and borrow with the credit union. Unlike a conventional bank, a Credit Union is run by the people who use it. All of our adult members can vote on decisions at our Annual General Meeting or volunteer for one of our committees or board.

The board of directors are unpaid volunteers and bring their skills and experience to the running of the credit union and ensure compliance with our statutory duties.

We have 9 staff at our office in Derby who manage the day-to-day operation led by our CEO Phil Cole.

What do we do?

We offer a full range of banking services, including savings accounts, as well as loans that carry a rate of interest that is highly competitive with other institutions.  We offer online banking, where Members are able to manage their money online, check balances and apply for loans.

We encourage everyone to save regularly, even a small amount, and those savings are lent back exclusively to credit union members in our community. As part of our ethos, we do what we can to help people manage their money.

Credit unions are for everyone in our community, regardless of income. For this reason we especially provide essential financial services to many people who would otherwise be financially excluded and susceptible to loan sharks and sub-prime lenders.

“Derbyshire Community Bank is on a journey, and hopefully our Members will join us in that as we continue to grow, improve our services and change lives” 

Phil Cole, CEO.


  • Loans from as little as £100
  • 26.8% – 42.6% APR
  • Easy to apply, quick decisions
  • Loan Agreements signed via E-signature
  • Save as you borrow
  • No hidden charges, fees or early repayment penalties
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  • Make withdrawals at any time without penalty
  • Dividend is paid annually direct into your account
  • Save by standing order, benefits, child benefit, payroll deduction
  • Pay in to suit you
Learn More


  • Manage your money via our online banking or mobile APP
  • View balances 24/7
  • Withdrawals to suit you
  • Send secure messages
  • Apply for a loan when you need to
  • Safe and secure
Learn More

Payroll Savings & Loans

Payroll Savings & Loans are offered to employees of partner organisations as a staff benefit. This enables employees to save and access affordable loans in an easy, hassle-free way. You specify the amount you wish to save and this is deducted from your salary via your employer’s payroll and transferred directly into your account with us. If you wish to apply for a loan then the repayments are made in the same way.



Stop Loan Sharks

Stop Loan Sharks investigates and prosecutes illegal money lenders and provides support for borrowers in the UK.

Debt Advice

Free debt advice is available and we provide details of three organisations who might be able to help.

Benefits Calculator

Find out what benefits schemes are available for you.

Become a Member of DCB

Interested in becoming a member of Derbyshire Community Bank? Read our easy process here

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Latest News

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✅ We’re a local, not-for-profit organisation run for benefit of our members

✅ We provide loans with fair and affordable interest rates

✅ We look at more than just your credit score

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