Merger - DCBank and Chesterfield & North-East Derbyshire Credit Union - update

We are pleased to confirm that the Members of Chesterfield & North-East Derbyshire Credit Union (CNEDCU) have voted to approve the merger with Derbyshire Community Bank (DCBank).

This is subject to a second vote by CNEDCU’s members on Monday 18th August 2025 and final authorisation from the Financial Conduct Authority (FCA).

We will operate as a single organisation under the 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

The members of Chesterfield & North-East Derbyshire Credit Union (CNEDCU) have a second vote to confirm approval of the merger, then we will proceed to bring the two credit unions together. We expect the merger to be finalised by September 2025.

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

What does the merger involve?

If the merger goes ahead, CNEDCU will carry out what’s known as a Transfer of Engagements to DCB. 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.