Shercock Credit Union Limited products, services and reviews

About Shercock Credit Union Limited

Shercock Credit Union Limited is a member-owned financial cooperative serving a defined common-bond area centered on Shercock, County Cavan. It provides core credit union services, including share (savings) accounts and unsecured personal lending to members, with loan approvals based on affordability and credit checks and subject to statutory interest caps applicable to Irish credit unions. Membership is restricted to individuals who live, work, or otherwise qualify within the common bond and typically requires proof of identity and address and a small minimum share balance set by the credit union. As with other Irish credit unions, governance is by a volunteer board elected by members at the annual general meeting, and the institution is regulated by the Central Bank of Ireland. Member savings held in shares and eligible deposits are protected by the State Deposit Guarantee Scheme up to €100,000 per member per institution. Dividends on shares and any loan interest rebates are not guaranteed and depend on annual surplus and board decisions, so returns can vary year to year. Fees, lending limits, and product features are determined locally within the regulatory framework, and terms can change, so applicants should review current schedules and documentation before applying. Complaints follow the internal complaints process first, with the Financial Services and Pensions Ombudsman available if a matter remains unresolved.