135 Hatfield Road, St Albans, Herts. AL1 4JX :
Phone 01727 859135 : Fax 01727 859135 :
Email: Office@stadcu.org
Phone 01727 859135 : Fax 01727 859135 :
Email: Office@stadcu.org
©St Albans District Credit Union 2004.
St Albans District Credit Union is authorised and regulated by the Financial Services Authority (FRN 213794)
St Albans District Credit Union is authorised and regulated by the Financial Services Authority (FRN 213794)
The Credit Union encourages members to take a part in its management by serving on the Board and Committees and in other voluntary capacities. Currently there are over 30 volunteers.
The Credit Union also has the benefit of a part time paid office manager responsible to the Board for the day to day running of the office.
Management of the Credit Union
Every Credit Union has a formal management structure which is required to report regularly to the Financial Services Authority and to prepare audited accounts.
There is an Annual General Meeting at which every member can vote.
The meeting elects members of the Credit Union Board and main committees. Members of the Board and of the Credit Committee and Supervisory Committee are all “approved persons” authorised to act by the Financial Services Authority.
There is an Annual General Meeting at which every member can vote.
The meeting elects members of the Credit Union Board and main committees. Members of the Board and of the Credit Committee and Supervisory Committee are all “approved persons” authorised to act by the Financial Services Authority.
The Credit Union Board is responsible for the management of the Credit Union. It is assisted by various committees, especially the Credit Committee - responsible for approving all loans and the Supervisory Committee which is responsible for internal audit. All Board and Committee members are unpaid volunteers.