Foyle Credit Union Limited products, services and reviews

About Foyle Credit Union Limited

Foyle Credit Union Limited is a member-owned financial co‑operative that serves individuals who meet its common bond, typically tied to residence, work, or association within its defined local area; applicants are required to provide identification and proof of eligibility. As a UK credit union, it is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the PRA, and eligible deposits are protected by the Financial Services Compensation Scheme up to the statutory limit. Core services usually include savings (shares) that may receive a dividend or interest depending on the account type and financial performance, and personal loans priced on a reducing‑balance basis following affordability checks; loan pricing and terms must comply with statutory caps and internal lending policies. Some ancillary services may be available, such as junior savings, budgeting or bill‑payment facilities, and insurance features linked to savings or loans where offered; availability, eligibility, and terms are set out in the credit union’s own documentation. Account rules can include membership or account fees, withdrawal conditions, and notice requirements depending on the product. Access is primarily through branch services and standard communication channels, with any online applications or portals subject to the credit union’s current systems and service scope; opening hours and processing times are published by the institution. Governance is by a member‑elected board of directors, with audited financial statements, capital and liquidity metrics, and other regulatory disclosures made available to members in line with UK requirements. Complaints are handled under the credit union’s internal process and, if unresolved, may be referred to the Financial Ombudsman Service. Prospective and existing members should review the latest terms, rates, eligibility criteria, and service availability directly with Foyle Credit Union Limited, as products and limits can change.