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Apply now and you may have a chance to win one of three exciting cash prizes!

Interest starts at 1% per month and you only pay interest on the outstanding balance! You can even pay your loan off earlier at no extra cost.

*Terms and conditions apply.
Lending is subject to status. This promotion is valid until 31st August (incl). Members must apply and be approved a loan of at least £500 to be eligible. Three winners will be selected randomly on 5th September and will be notified by email. The prizes of £100, £75 & £50 will be paid on the same day (5th September) into members’ bank accounts and will take 3-5 working days to clear.

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Oxfordshire Credit Union at Westmill Wind and Solar AGMs

Oxfordshire Credit Union is delighted to have a stand at the Westmill Wind and Solar co-operatives joint AGM at the Cornerstone Arts Centre in Didcot on Saturday 20th May. We will be at the event with leaflets and application forms for Oxfordshire Credit Union, to increase awareness of the savings and loans we are able to offer to people living or working in Oxfordshire. We hope to see you there!

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We’ve lent £403,000 in 18 months

We’ve completed a review of what we’ve lent to members since 1st October 2015. We’ve made 413 loans since then, totalling £403,000. The majority of members borrowing funds are women, and the average loan was just under £1,000 each.

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New chair for Oxfordshire credit union

The OCU board met this week for its first monthly meeting since Saturday’s AGM. The new Chair in place Mark Luntley has been a board member since 2006, and previously led the board for several years.

Mark thanked the outgoing Chair David Soward for his service over the last year not least overseeing a year of good progress in service growth. All the board wished David the best for the future.

 

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Annual general meeting agrees 1% dividend

Our annual general meeting took place at the Quaker meeting hour at St Giles. Members heard about the good progress over the last year, member share capital is up 11%, loans up 59% and bad debts down by 43%. Members agreed the accounts, and elected three new board members.

As a result of the rapidly improving finances the AGM agreed to pay a 1% dividend to savers. This will be added to members’ accounts in the coming weeks.

The AGM thanked the outgoing Chair David Soward for his work over the last 12 months and welcomed Mark Luntley as the new Chair.

The keynote speaker was Steve Eyre from neighbouring Swan credit union, who explained how they have grown membership with a decentralised “community bank” approach.

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OCU and Unison City, Oxford

OCU was delighted to be invited to the Oxford City Branch of Unison’s AGM at Oxford Town Hall, recently.  You can see two members of the OCU team in the picture below, listening carefully to proceedings! One of our board members, Mark, gave a short presentation about what OCU offers.  Then, during the breaks, we chatted to Unison members, who gave us a warm welcome.

OCU works closely with Unison at Oxford City branch, as Oxford City Council staff can sign up for payroll deduction to their OCU accounts, something Unison helps to promote to their members. There are more details about the Oxford City branch of Unison here: www.oxfordcityunison.com

 

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OCU at the John Radcliffe Hospital

OCU were at the John Radcliffe Hospital on 15th March, to raise awareness of the OCU in particular, and credit unions generally, with JRH staff and members of the public, and we had a lot of good conversations.  Anyone employed by the Oxford University Hospitals Trust can sign up via payroll deduction, making both saving and repaying loans really easy.   The option of paying in by standing order is of course also open to all those who meet our common bond criteria of living or working in Oxfordshire.

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AGM set for Saturday 22nd April 2017

Members will shortly receive their official Calling Notice for the Annual General Meeting and the Board of OCU will be inviting all members to join us at the Friends’ Meeting House in St Giles in Oxford on Saturday, April 22nd at 11.30.  This is a welcome opportunity for all of us to meet in the flesh, for the Board to report back to members, and for members to give their views or ask questions.  This year the Board will be recommending that a dividend be paid to members and this will require the approval of members present.

We also look forward to welcoming Steve Eyre, chair of Swan Credit Union, who will give us an overview of how this neighbouring credit union – also part of the CUS ‘family’ – operate and how we can learn from each other.

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