Citysave – AGM 2026
AGM 2026 Update: A 2% Dividend for Our Members
Following our recent Annual General Meeting (AGM), we are pleased to share some of the key highlights from another positive year for Citysave. As we continue to grow and evolve, our commitment remains the same: providing straightforward, ethical financial services that put our members first.
A Rewarding Year for Our Members
The most exciting news from this year’s meeting is the approval of a 2% dividend on member savings. This is a significant increase from last year’s 0.15%, reflecting our strengthened financial position and our dedication to providing a sustainable return to those who save with us.
Strong Performance & Governance
Citysave has now grown to become officially recognised as a ‘large’ Credit Union, reflecting the continued growth of our membership and services.
Financial Highlights:
- Loan book income increased by 15%.
- Bank interest income increased by 44%.
- We maintain healthy regulatory ratios, strong capital, and low arrears through careful, balanced lending.
While we have seen an increase in administrative expenditure (approximately 34%), this represents a vital investment in our people, technology, and the future of the Citysave.
Our People and Partners
Our success is built on the hard work of our 9 paid professional staff, led by our CEO, Sean Lynch. Their expertise ensures the high level of customer care you’ve come to expect. We are also supported by the oversight of 8 dedicated volunteer Board Directors who ensure we continue to act in our members’ best interests.
This year, we were proud to welcome our newest Payroll Partners:
- Bid Services
- Queensbridge Academy
- Adullam Homes
It has been a fantastic year for membership growth, particularly across our supported NHS Trusts and existing partners like the West Midlands Combined Authority, Aston University, Citizen Housing, and Warwickshire County Council.
Looking to 2026 and Beyond
Our focus for the future remains on membership growth and modernising your experience. Our digital transformation continues as we continue implementing our new core banking system following the launch of our App and updated website. These improvements will make it even easier for members to manage their finances online and through the Citysave App.
Upcoming plans include:
- Introducing new products and services tailored to your needs.
- Creating more opportunities for members to engage with Citysave.
- Exploring opportunities that help strengthen Citysave and expand our community impact.
Thank you for being a part of Citysave. Your continued support allows us to grow, invest, and return more to our members every year. We look forward to continuing to work with existing partners, and welcoming more local employers and organisations who want to support their employees’ financial wellbeing.