Farranree Credit Union Limited

Farranree Credit Union Limited is a member-owned co‑operative serving individuals who live, work, or otherwise fall within its common bond around Farranree in Cork. It focuses on straightforward retail financial services for members, principally share (savings) accounts and unsecured personal loans for common purposes such as car purchase, home improvement, education, or emergency expenses. Loan approval is subject to affordability and underwriting checks, with fixed rates set by product; repayments are usually made by standing order, payroll deduction where available, or in-branch. Eligible deposits are protected by Ireland’s Deposit Guarantee Scheme up to €100,000 per person, per institution. The credit union operates under the Credit Union Acts and is regulated by the Central Bank of Ireland; unresolved complaints can be referred to the Financial Services and Pensions Ombudsman. Governance is via an elected volunteer board, with members voting at the AGM; any dividend on savings or loan interest rebate depends on annual surplus and is not guaranteed. Services commonly include in‑branch transactions, cash lodgements and withdrawals, and online account access; availability of current accounts, debit cards, insurance add‑ons, or electronic payment services varies and should be confirmed directly. New members and borrowers should expect to provide proof of identity, address, PPS number, and income documentation. Fees are generally limited but can apply for specific services such as transfers, returned payments, or account statements; a current schedule is published by the credit union. Prospective users should review the latest rates, eligibility criteria, opening hours, and financial statements before applying.