Castlerea and District Credit Union Limited

Castlerea and District Credit Union Limited is a member-owned financial co‑operative serving people within its common bond around Castlerea, Co. Roscommon. It is authorised and supervised by the Central Bank of Ireland, and eligible deposits are protected up to €100,000 per person under the Deposit Guarantee Scheme. The credit union’s focus is on core retail services, notably share (savings) accounts and personal loans for common purposes such as car purchase, home improvement and education, with interest charged on the reducing loan balance and terms set by its board within regulatory limits. Loan assessments consider affordability and credit history, with checks made against the Central Credit Register and standard documentation required (proof of identity, address and income). Returns on savings, when paid, generally take the form of a dividend approved annually and are not guaranteed, and savings limits may be applied to manage concentration and liquidity risk. Access is primarily through the branch, with electronic transfers and online functionality commonly used in the sector, though the availability of features such as debit cards or current accounts varies and should be confirmed directly with the credit union. Governance follows a one‑member‑one‑vote structure, with members receiving annual financial information and the opportunity to attend the AGM and vote on matters such as board appointments and dividend proposals. Fees and charges for payment services, transfers and other transactions are set locally and published in the credit union’s schedule of fees.