Thomastown Credit Union Limited

Thomastown Credit Union Limited is a member-owned co-operative serving individuals within its defined common bond in and around Thomastown, Co. Kilkenny. It operates under the Credit Union Act 1997 (as amended) and is authorised and regulated by the Central Bank of Ireland. The business model centres on share (savings) accounts and consumer loans, typically for purposes such as personal expenses, car purchase, or home improvement; loan interest is charged on a reducing balance and rates are published by the credit union and may change. Savings are held as shares rather than bank deposits; any annual dividend or loan interest rebate is not guaranteed and depends on surplus and approval at the AGM. Eligible member savings are covered up to €100,000 per person by the Irish Deposit Guarantee Scheme. Membership is limited to those who live, work, or otherwise qualify within the common bond, and standard ID, address verification, and PPS number are required under anti-money laundering rules. Governance is by an elected board of directors and a board oversight committee, with audited annual accounts and regulatory reserve requirements set by the Central Bank. Lending decisions are subject to affordability checks and credit assessment; fees or charges may apply for specific services, and withdrawal or transaction limits can apply in certain cases. Prospective and existing members should review current interest rates, terms and conditions, opening hours, and any available service channels directly with Thomastown Credit Union Limited, and note that unresolved complaints can be referred to the Financial Services and Pensions Ombudsman.