St Albans Community Bank
in the United Kingdom 🇬🇧
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About St Albans Community Bank in the United Kingdom
St Albans Community Bank is a local not-for-profit credit union serving Hertfordshire, United Kingdom. Operating as the trading name of St Albans District Credit Union Limited, it is a member-owned financial cooperative that provides affordable loans and secure savings to residents and workers throughout Hertfordshire.
The credit union operates on a cooperative model with no external shareholders, meaning any surpluses generated are reinvested into services or distributed as dividends to members. Run almost entirely by unpaid volunteers, the institution is authorized and regulated by both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).