Dunboyne and District Credit Union Limited products, services and reviews

About Dunboyne and District Credit Union Limited

Dunboyne and District Credit Union Limited is a member-owned financial cooperative serving the common bond around Dunboyne, County Meath. Membership is limited to people who live or work within the defined area and requires standard identification and address verification; a small minimum share balance is typically required, and per‑member savings caps may be applied to manage liquidity and regulatory ratios. Core services include share-based savings and consumer lending (such as personal, car, home improvement and education loans), with pricing set by product and subject to the statutory cap for standard credit union loans of 1% per month (12.68% APR); affordability assessment, income verification and checks of the Central Credit Register form part of underwriting. Returns on savings are discretionary (dividend or interest), are not guaranteed, and are subject to Deposit Interest Retention Tax where applicable; shares can be held as security against loans, which may restrict withdrawals while a loan is outstanding. Account access generally includes branch services and electronic payments (e.g., SEPA transfers, standing orders and direct debits); availability of online banking, mobile apps, current accounts or debit cards depends on the credit union’s service rollout and should be confirmed directly. Early loan repayment is typically permitted and interest is charged on a reducing balance; fees can apply for certain payment or card services, and statutory government charges may arise. The credit union is regulated by the Central Bank of Ireland and eligible deposits are covered by the Deposit Guarantee Scheme up to €100,000 per person per institution. Governance follows the Irish credit union framework, with an annual general meeting at which members receive audited financial statements and vote on matters such as the board and any dividend or loan interest rebate. Complaints are handled under the Central Bank’s Consumer Protection Code, with unresolved cases eligible for referral to the Financial Services and Pensions Ombudsman. Services are available only to those within the common bond; individuals outside the area cannot join.