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About Standard Trust Bank
We Got You Covered Always. We Know How Important Keeping Your Money Safe Is To You. Standard Trust Bank”
Standard Trust Bank has grown from a credit union called Brent Shrine Credit Union which was first formed in 1979 to serve people living in the US or working in or outside the London Borough of Brent. We changed our name to Standard Trust Bank and extended our common bond nationally to encompass the British South Asian diaspora. Since then our common bond has extended a number of times to include members and supporters of a very wide range of organisations and associations across the UK. Recently we have extended membership to supporters of the financial education charity: Financial Education and Awareness.
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Frequently Asked Questions
What is Standard Trust Bank
Three credit unions, one each from England, Scotland and Wales, have cooperated together to form the Platinum Trust Bank Network. This UK-wide credit union network pools know-how and resources to better serve their members and provide first class service and competitive savings and loans products.
What is Credit Union?
Credit unions are member-owned, not-for-profit financial cooperatives that provide savings, loans and other financial services to their members.
Credit union membership is based on a common bond, a linkage shared by savers and borrowers who belong to a particular community, organisation, religion or place of employment. Credit unions pool their members’ savings to finance loans rather than rely on outside capital.
Members benefit from higher returns on savings, lower rates on loans and no hidden fees.
How can I join?
As a network of Credit Unions, we can extend eligibility throughout England, Scotland and Wales. The members of a wide variety of organisations, employers, clubs and associations are automatically eligible to join one of our networked credit unions.
Standard Trust Bank has grown out of a credit union called Brent Shrine Credit Union which was first formed in 1979 to serve people living or working in the London Borough of Brent. We changed our name to Standard Trust Bank and extended our common bond nationally to encompass the British South Asian diaspora.
Since then our common bond has extended a number of times to include members and supporters of a very wide range of organisations and associations across the UK. Recently we have extended membership to supporters of the financial education charity: Financial Education and Awareness. A full list of these associations is available from the credit union.
Standard Trust Bank Wales’ common bond allows any individual who resides or is employed in the locality of Wales to join provided that they do not live in Cardiff and the Vale.
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What is a Common Bond?
The ‘bond’ or association between members constitutes a credit unions ‘common bond’. These bonds can be several and varied including where people live, work and clubs and associations to which they belong.
How can I Apply?
Email Us: support@Standard Trust Bank.com, our support team will walk you through the very easy process.
You will sign the Account Opening Agreement online as part of this process and receive a copy of the signed agreement in an email for your records..
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Why Save with Standard Trust Bank?
Your savings will be secure and ethical. Credit Unions use their savings to lend to their members. We don’t have shareholders. We are a financial co-operative: an organisation owned by its members, for the benefit of its members. Competitive savings rates We strive to provide our members with competitive rates on their savings. Our fixed term savings bonds are popular and can become quickly oversubscribed. So keep a look out for new offers.
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