Ballyconnell Credit Union Limited products, services and reviews

About Ballyconnell Credit Union Limited

Ballyconnell Credit Union Limited is a member-owned financial co-operative serving the Ballyconnell area in County Cavan, Ireland, operating under authorisation and supervision from the Central Bank of Ireland. It provides core retail services typical of Irish credit unions, notably savings (often held as “shares”) and unsecured personal loans for purposes such as car purchase or home improvement, with lending decisions based on affordability assessments and credit checks in line with consumer protection requirements. Membership is restricted to individuals within its common bond (for example, by living, working, or studying in the area), and applications generally require proof of identity, address, and PPS number; specific eligibility rules and documentation should be confirmed before applying. Savings may earn a dividend or interest depending on the product and annual performance, and returns are not guaranteed. Loan interest rates are set by the credit union within regulatory limits and vary by amount and term; fees or charges can apply to certain services. Eligible member savings are protected by the Deposit Guarantee Scheme up to €100,000 per person per institution, subject to the scheme’s terms. Access is typically via the branch, and some credit unions also offer online and mobile services or additional features such as bill payments or insurance distribution; the availability and scope of any digital channels or ancillary services at Ballyconnell Credit Union depend on its current product set and should be checked directly. Governance is overseen by a volunteer board elected by members at the annual general meeting, and statutory financial statements are published annually. Complaints are handled through the credit union’s internal process and can be escalated to the Financial Services and Pensions Ombudsman if unresolved. Prospective and existing members should review the latest schedule of fees, interest rates, and terms and conditions on the credit union’s official materials before making decisions.