

Yes, you can. However, you will need to save regularly for a minimum of 8 weeks before you can apply for a loan. After 8 weeks, you can apply for 3 times the amount you have saved or £500 on top, whichever figure is lower. For example, if you have saved £500, you can apply for £1000. If you have saved £100, you can apply for £300.
You can call in at the Chesterfield office or call us on 01246 278833 to find out more information.
Just like any bank CNEDCU is regulated and authorised by the Financial Conduct Authority (FCA) and are members of the Financial Services Compensation Scheme (FSCS), so your money is completely safe.
"Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority"
No. You can apply for an alternative bank account here.
Most people pay their loans back by setting up standing orders, or you can call into our main office, or one of our remote collection counters (see below) and pay in cash. The loan repayments can be paid weekly, fortnightly or monthly. Payments can be made from 6 months up to 3 years depending on the loan amount and your budget.
Our Remote Collection Counters
You can also pay cash for your loan repayment or saving in one of these collection counters.
North Wingfield Area Housing Office
Clay Cross Area Housing Office
- We have been operating successfully since 1998 and offer a friendly and experienced service. With the support of people like you within our community we will continue to grow.
- We will be paying a dividend at the end of September this year.
- With the availability of low interest loans, you will gain from a competitive financial product.
- CNEDCU is not a faceless service. You can come in and speak to us, our aim is to benefit our local community, not share holders in far away places.
- Our products are tailored to suit individual budgets.
- Interest is paid only on the decreasing balance of your loan.
- No early repayment fees.
- No set up fees.
Many of our savers find it more convenient to set up a standing order from their Bank accounts, others prefer to call into our main office in Chesterfield town centre. If at anytime you need to draw out your savings, you need to let us know by 4.00pm on Tuesday for payment to be ready on or after Thursday the same week.
Payments can be made by bank transfer or by prepaid debit card.
The interest rate on all loans is variable dependent upon the size of your loan, call us to find out more.
You should aim to save on a regular basis, this can be as little or as much as you like, we have members who save from £1.00 a week upwards .
- You must become a member before you can apply for a loan.
- If applying for the family loan scheme, we will require details regarding your child benefit, including your child benefit number
To find out more, please visit our loans page.
See the membership page to find out more.
To qualify to be a member you must be 16 years old to save and over 18 years old to borrow, you must live or work within Derbyshire.
See the membership page to find out more.

