Half Term on a Budget

Psst, the May half term is almost upon us, but don’t fear you still have 4 days to get the most of the precious time you get with your children, whilst sticking to a budget. With thoughts now turning to how you could make this next week memorable, Derbyshire Community Bank has put together a list of events and activities to keep them busy, until you can finally cart them back to school on the...

Continue Reading ...

Debt consolidation loans

Debt consolidation loans are not the best option for everyone, so get some free, impartial advice first to see what options are available to you. Consolidating debts usually involves taking out one large loan to pay off lots of existing smaller debts. Most people do this to: reduce the interest rate on their debt; to bring down their monthly payment amount; or to reduce the n...

Continue Reading ...

DCB launches brand new mobile app

A brand new DCB mobile app is available for download on Apple and Android devices. The new DCB mobile app, which is compatible with latest operating systems and devices, makes it easier for members to keep up to date with their finances and provides access to live balances on all your accounts. The app supports withdrawal of savings; loan applications; statement requests; secure messaging; and...

Continue Reading ...

Not-for-profit credit unions offer a better customer experience than mainstream banks

Not-for-profit credit unions offer a better customer experience than mainstream banks A new report by the Financial Inclusion Centre looking at the attitudes and behaviours of existing credit union members found significant approval for the services offered by these local financial cooperatives. The largest ever survey of credit union members that spoke to over 12,500 users in 29 different cre...

Continue Reading ...

CEO meets Labour Leader, Jeremy Corbyn

CEO meets Labour Leader, Jeremy Corbyn Our CEO, Sara Osborne was invited to take part in an event planned for International Women’s Day on Thursday 8th March by the Labour Party, involving the Labour Leader, Jeremy Corbyn, who was keen to meet women in business. The event was an opportunity to look at what business owners need from Government as well as championing some of our fantastic Derb...

Continue Reading ...

Save as you borrow

Save as you borrow - credit unions creating good habits In February 2017, the Fairbanking Foundation released a report that concluded that credit unions as a result of the practice whereby you have to save as you borrow (SAYB) created good savings habits. The practice encourages their members to put an amount into a savings account as part of making a loan repayment.  The SAYB model of lend...

Continue Reading ...

5 myths busted about borrowing from credit unions

Derbyshire Loans There are a lot of myths about borrowing from credit unions so to set the record straight, here are a few Myth Busters for you. 1. We are NOT a “poor man’s bank”. Derbyshire Community Bank has savers and borrowers from all walks of life. This creates a pot of money that not only covers our running costs but can be used again and again as affordable loans for the p...

Continue Reading ...

Loan for funeral costs

Loan for funeral costs Funeral costs vary significantly from one provider to another but the average is around £4,000 which for many would come as an unexpected shock on top of the loss of a loved one, especially if the estate is unable to cover the cost. Some people are organised for such an event by paying into a funeral plan so that their family do not have the unnecessary worry of sudd...

Continue Reading ...

Emergency fund

Emergency Fund So the big question is do you have a fund in case of emergencies? When the washer breaks; the cooker goes kaput; the car splutters and breaks down or worse case scenario your made unemployed or suffer illness and lose pay or benefits; do you have an emergency fund that you can fall back on? No? Whilst having an emergency fund makes sense, it's not always that easy to find spar...

Continue Reading ...

How to cut back!

Have you woken up in 2018 with a financial hangover? Many of us will have. From over indulging in present buying at Christmas, to enjoying one two many boozy nights to celebrate the New Year, this time of the year can leave you feeling worried or anxious about your finances. And if you're not in the right financial situation to be taking out a loan, we've got some great tips to help you cut ba...

Continue Reading ...