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January board meeting

Your board meets each month to look at how we are progressing against our business plan and to plan development. Some of the highlights from this evening include.

  1. We agreed to simplify our web presence, around the much simpler “” It reflects what we are (a co-operative) and is easier to type. The existing addresses will still work – but will connect to this domain in the background.
  2. We welcomed the latest management information – our total assets now stand at £649,992. We made 23 loans in December (a short month) totalling £23,150. This takes our lending to members to £346,982
  3. Several of us have completed data protection training – in advance of major new regulations that take effect in May this year.
  4. Our team answered 1,394 telephone calls in the month, helping members apply for loans, transfer funds onto pre-payment cards or just answering questions individuals might have.
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Back to School Loans

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:


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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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