Each year, we come together as a community to reflect on how Northern Community Bank has performed and to decide what comes next. One of the most important moments in that process is our Annual General Meeting (AGM).
When is the AGM?
Our AGM will take place on 27th February 2026. At the AGM, we’ll confirm whether we’re able to share our success with account holders. All account holders are welcome to attend either in-person or virtually.
The Agenda for anyone who would like to attend the AGM can be found here. We are also proposing a change to the Rulebook which can be viewed and downloaded here. If you have any questions of comments regarding the Rulebook changes, please email them to us at hello@northerncb.uk before the AGM.
If approved, a share of the profits and any loan interest rebate will be paid during the week commencing 9th March 2026.
We know many people look out for this, so here’s a simple explanation of what it means, how it works, and who’s eligible.
What is a share of the profits?
A share of the profits is our way of saying thank you for saving with Northern Community Bank.
Savings held in Northern Community Bank’s accounts are used to support fair and affordable borrowing across the communities we serve. The interest paid on those loans helps cover our running costs and build reserves to protect the future of the community bank.
If, after doing all of this, we make a surplus, the Board of Directors propose how we share those profits with our account holders.
Your share is paid as a percentage of the savings you held during the financial year.
It isn’t guaranteed, it depends on how the community bank has performed, but when we’re able to pay it, it’s a meaningful reward for being part of our community.
Interest-bearing savings accounts
Some savings accounts earn interest instead of a share of the profits.
The Fixed Term Savings Account and the Northern Saver Account are interest-bearing accounts and are not eligible for a share of the profits.
This is because the interest rate is agreed upfront and paid regardless of the community bank’s overall performance.
What is a loan interest rebate?
If you’ve had a loan with us, you may also be eligible for a loan interest rebate.
The interest you pay on loans helps fund the community bank and support our communities. When we’ve had a strong year and made a surplus, we may return some of that interest back to you as a rebate.
In simple terms, it means you could receive a portion of the interest you’ve paid back into your account – one of the benefits of borrowing in a fair and affordable way.
Any loan interest rebate approved at the AGM will be paid directly into eligible accounts shortly afterwards.
Important: who is eligible?
This part is really important.
Only accounts that are up to date and active will receive a share of the profits and/or a loan interest rebate.
That means:
- Savings accounts must be active
- Loan accounts must be up to date and not in arrears
- Dormant accounts (no activity for over a year) are not eligible
- Closed accounts are not eligible
- Fixed Term Savings and Northern Saver accounts are not eligible for a share of the profits, as they earn interest instead
This helps us share profits fairly and responsibly, while protecting the long-term strength of the community bank.
Why we do this
Northern Community Bank exists to serve people, not external shareholders. When we do well, we believe it’s right to share that success with the people who make it possible – our account holders.
A share of the profits and loan interest rebates is just one of the ways we stay true to our values: fair, transparent, and rooted in our communities.
To learn more or see what’s been paid in previous years, visit: northerncommunitybank.co.uk/share-of-profits
The Agenda for anyone who would like to attend the AGM can be found here. We are also proposing a change to the Rulebook which can be viewed and downloaded here. If you have any questions of comments regarding the Rulebook changes, please email them to us at hello@northerncb.uk before the AGM.
If you have any questions relating to the share of the profits, our friendly team is always happy to help.
