---
title: "Award Notice for Contract for a Credit Union to Underpin A Community Banking Offer"
ocid: "ocds-b5fd17-55cfdaff-4413-4c74-8718-0221391aef2e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-55cfdaff-4413-4c74-8718-0221391aef2e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-55cfdaff-4413-4c74-8718-0221391aef2e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-55cfdaff-4413-4c74-8718-0221391aef2e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LONDON BOROUGH OF BARKING AND DAGENHAM"
published: "2022-07-28"
---

# Award Notice for Contract for a Credit Union to Underpin A Community Banking Offer

Buyer: LONDON BOROUGH OF BARKING AND DAGENHAM  
Current stage: Award  
OCID: ocds-b5fd17-55cfdaff-4413-4c74-8718-0221391aef2e

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## Summary

The London Borough of Barking and Dagenham has issued an Award Notice for a contract titled "Credit Union to Underpin A Community Banking Offer". This procurement serves the financial services industry and is centred in Barking, UK. The contract was awarded on 4th February 2022, with an effective contract period running from 11th July 2022 to 10th July 2027. The total value of the contract is £500,000, although the initial budget is set at £250,000, with potential additional funds available throughout the partnership to enhance service offerings. This was conducted through an open tender process.

This contract provides significant opportunities for Credit Unions, particularly those with a strong digital presence and comprehensive service offerings that meet a diverse range of customer needs. The ideal candidates will be credit unions capable of demonstrating financial health, organisational strength, and a commitment to innovative partnership work with the council. Moreover, those that can deliver services to both digitally connected and excluded customers stand to benefit from this contract, which aims to enhance the local community banking experience in Barking and Dagenham.

## Notice

This is an Award Notice for the following published Contract Notice: London Borough of Barking & Dagenham are seeking an innovative and forward-thinking Credit Union partner who is up for the challenge of developing a Community Banking offer with us. Our vision is that fair, affordable and appropriate financial products and services are available to everyone who lives or works in Barking and Dagenham. We are looking for a Credit Union partnership to drive this forward and help us achieve our goals. The Credit Union does not have to be London based, we welcome applications from any Credit Union with excellent digital delivery. Full details can be found in the tender documents. What we are looking for in a partnership: - Organisational strength and ability to grow: a credit union that can demonstrate its financial health and ability to grow an innovative offer with us in Barking and Dagenham to meet local needs. - Products and Services: a credit union with a well-established comprehensive range of products and services that can meet different customer needs, including savings accounts, instant loans and transactional banking facilities at minimum. - Partnership working: a credit union that can demonstrate propensity and willingness to work innovatively with the council and borough partners over the course of the contract. - Service delivery: a credit union with a strong digital offer and can provide full, remote access to products and services via the web and/or mobile app. Other forms of engagement for those who are digitally excluded should also be available i.e. telephone - Impact and performance: a credit union with ambitious but realistic expectations of joint performance targets and a vision for the change we aim to see in Barking and Dagenham, as well as the ability to evidence the wider social, wellbeing and local economic impact of provision The contract is for 3 years with the option to extend for up to a further period of 1+1 years. London Borough of Barking and Dagenham will provide a number of investments to ensure the productivity of the partnership. The contract is advertised at PS500,000 however, PS250,000 is the budget envelope for the duration of the contract. Additional funds over the budget envelope to grow the offer may become available during the contract, including potential capital investment. There is no commitment to additional funds at this stage. We invite Credit Unions who meet the specification to submit a response to the Tender.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7a36cf51-bb41-446c-accc-80b518774c30 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Jul 2022 |
| Submission deadline | 18 Jan 2022 |
| Future notice date | Not specified |
| Award date | 4 Feb 2022 |
| Contract period | 10 Jul 2022 - 10 Jul 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £500,000 |
| Lots value | Not specified |
| Awards value | £500,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF BARKING AND DAGENHAM |
| Locality | BARKING |
| Post town | Ilford |
| Postcode | IG11 7LU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI5 Outer London - East and North East |
| ITL 3 | TLI52 Barking & Dagenham and Havering |
| Local authority | Barking and Dagenham |
| Electoral ward | Abbey |
| Westminster constituency | Barking |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LEEDS CITY CREDIT UNION |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66113000 - Credit granting services

## Release History

- 28 Jul 2022 at 09:00 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7a36cf51-bb41-446c-accc-80b518774c30

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7a36cf51-bb41-446c-accc-80b518774c30
  28th July 2022 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-55cfdaff-4413-4c74-8718-0221391aef2e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-55cfdaff-4413-4c74-8718-0221391aef2e.json.