Lucan District Credit Union Limited products, services and reviews

About Lucan District Credit Union Limited

Lucan District Credit Union Limited is a member-owned financial cooperative serving individuals within its common bond around Lucan, Co. Dublin. It offers core credit union services including share (savings) accounts and personal lending for purposes such as car purchase, home improvement, and education, with repayments calculated on a reducing-balance basis and rates quoted as APR. Access is available through branch and online channels for account management, transfers, and loan applications. Membership is generally open to those who live, work, or study in the area; opening an account requires standard identification, proof of address, and a Personal Public Service Number for tax compliance. Governance follows a one-member-one-vote model with directors elected at the annual general meeting; audited financial statements are published annually. The credit union is authorised and regulated by the Central Bank of Ireland, is subject to capital and liquidity requirements under the Credit Union Act and related regulations, and participates in the Deposit Guarantee Scheme, which protects eligible deposits up to €100,000 per person per institution. Loans are issued subject to affordability and credit assessment, and terms, conditions, and fees are set out in the published schedule; shares or other security may be required for certain facilities. Any dividend or interest return on members’ savings, if paid, is determined annually based on financial performance and board approval. Prospective and existing members should review current rates, product terms, and regulatory disclosures before opening an account or applying for credit.