Oldcastle Credit Union Limited products, services and reviews

About Oldcastle Credit Union Limited

Oldcastle Credit Union Limited is a member-owned financial cooperative based in Oldcastle, County Meath, serving individuals who live, work, or study within its defined common bond. It operates under the Credit Union Act 1997 (as amended), is authorised and regulated by the Central Bank of Ireland, and eligible deposits are covered by the Irish Deposit Guarantee Scheme up to €100,000 per member per institution. The credit union’s core services are share-based savings and personal lending, with loan types typically segmented by purpose (for example, car, home improvement, or education) and priced at variable rates set by the board and published in its schedule of interest; lending decisions are assessed on affordability and credit history, supporting documentation may be required, and early repayment is generally available without penalty under standard Irish credit union practice. Savings do not pay a fixed rate; any annual dividend depends on surplus and member approval at the AGM and is not guaranteed. Membership requires proof of identity and address and usually a minimum opening balance; accounts for minors within the common bond are commonly available. Delivery is primarily branch-based during business hours; where online or mobile services are provided, functionality (such as balance viewing, transfers, or loan applications) depends on the systems the credit union uses and should be confirmed directly. Fees on basic savings and loans are limited, but specific charges can apply to ancillary services, and statutory levies may be payable; a schedule of fees and charges is made available to members. Governance is local, with a volunteer board elected by members, and audited financial statements and AGM materials outline reserves, capital ratios, and any dividend or loan interest rebate declared. As with Irish credit unions generally, products and limits are narrower than those of full-service banks, and features such as international payments, multi-currency services, business banking, or high-value credit may be limited; prospective and existing members should review the credit union’s published terms, interest rates, opening hours, and complaints process (including access to the Financial Services and Pensions Ombudsman) before relying on its services.