Regulated

regulated bankHow safe is my money?

We are authorised by the Prudential Regulation Authority (PRA) and regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) who regulate other financial institutions.

 

FSCS_MPU web banner_220x204pxWe are members of the Financial Services Compensation Scheme (FSCS) which protects Member’s savings up to £85,000.  However, all community banks have a limit on how much you can save or borrow and for Derbyshire Community Bank this is £15,000.

For more information on how you are protected please click here for the FSCS website, or find here a copy of the FSCS Information Sheet – FSCS-Info-2017

For a copy of the FSCS leaflet download here compensation leaflet

financial ombudsman service logoWe are also members of the Financial Ombudsman Service (FOS) should you be unhappy with any services or products we offer.  For more information on how they can help please click here for their website.

How safe is my information

One of the biggest changes to UK data privacy law comes into effect on 25 May 2018. The General Data Protection Regulation, also known as GDPR, means that you’ll have more control over how your data is used and it ensures that organisations protect your personal data better. To reflect these changes and new obligations, we’ve updated our privacy notice which now tells you what we do with your personal data, how it’s used and your rights as an individual under the new law.

The new privacy notice is available at www.dcbank.org.uk/privacy-notice/ or you can contact us and we’ll send you a copy of it.

The privacy notice makes sure we continue to comply with privacy law and regulation. There are no changes to our terms and conditions, including what we ask of you.

Governance

Derbyshire Community Bank is governed by a volunteer Board of Directors who are elected by the membership at our AGM.  In addition to the Board of Directors we have a volunteer Supervisory Committee who provide our internal audit function.

Auditors

We appoint external auditors to perform an annual inspection of the Credit Union’s business and to report to the membership at the Annual General Meeting.

 

 

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Staff Benefits

Responsible employers are always looking for ways to provide staff benefits to their employees. Financial worries are a huge concern to employers and workers alike. Debt can cause stress and depression which can lead to reduced productivity or even absences.

Staff benefits

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