Roscommon Credit Union Limited products, services and reviews

About Roscommon Credit Union Limited

Roscommon Credit Union Limited is a member-owned financial cooperative based in County Roscommon, Ireland, providing retail financial services to individuals who live, work, or study within its defined common bond. It is regulated by the Central Bank of Ireland, and eligible member savings are protected up to €100,000 per person under the Deposit Guarantee Scheme. Core services typically include share (savings) accounts and unsecured personal lending (for example, car, home improvement, education, or general purposes), with loan approvals subject to affordability and credit assessment and reported to the Central Credit Register; interest is usually quoted as an annual percentage rate and charged on the reducing balance. Dividends on shares or interest rebates, if any, are at the discretion of the board and depend on annual performance; they are not guaranteed. Members can usually transact in branch and through digital channels for account access, transfers, direct debits, and standing orders, and payments use IBAN/BIC within SEPA. Opening an account generally requires proof of identity, proof of address, and a PPS number, and fees may apply for certain payment or administrative services; current account and debit card availability varies by credit union and should be confirmed directly. Governance is by an elected board of directors, with audited financial statements and annual general meetings. Complaints are handled under the credit union’s procedures with recourse to the Financial Services and Pensions Ombudsman.