A Credit Union is a Not-For-Profit financial co-operative owned by, and run for the benefit of, its members. Credit Unions offer members the chance to have control over their own finances by making their own savings work for them. Every credit union is owned by its members – the people who save with it and borrow from it.
Members savings are used to fund loans to other credit-worthy members in the credit union. So that way the money in the credit union always remains in the local community or ‘common bond’ that it serves.
Over 3.6 million people in Ireland are members of a credit union today. If you’re not a member already, why not think about joining today?