Mohill Credit Union Limited products, services and reviews

About Mohill Credit Union Limited

Mohill Credit Union Limited is a member-owned financial cooperative based in Mohill, County Leitrim, operating under the Credit Union Act 1997 (as amended) and regulated by the Central Bank of Ireland. Membership is limited to individuals and entities that meet its common bond criteria, typically connected to the local area, and account opening requires standard identification and address verification in line with anti-money laundering rules. Core services are share savings and unsecured personal lending; loan rates are set locally and quoted as a monthly rate with an equivalent APR, while any dividend or interest on savings is discretionary and depends on annual performance and board approval. Eligible deposits are covered by the Irish Deposit Guarantee Scheme up to €100,000 per member per institution. Governance is by a member-elected board, with audited financial statements and regulatory disclosures produced annually and members holding voting rights at the AGM. As with many Irish credit unions, policies may include savings limits, notice requirements for large withdrawals, and defined lending criteria, and fees can apply to certain payment or account services if offered. Operating scope is local and branch-led, with digital access and payment features determined by the credit union’s own service arrangements. Prospective and existing members should review current rates, fees, opening hours, any savings caps, and eligibility requirements directly before applying or transacting.