Gurranabraher Credit Union Limited

Gurranabraher Credit Union Limited is a member-owned financial cooperative based in Cork that serves individuals within its defined common bond around Gurranabraher and nearby areas. It offers savings accounts (held as “shares”) and a range of personal lending options such as car, home improvement, education, and general purpose loans, with underwriting based on affordability and identification checks; interest on loans is charged on the reducing balance and early repayment typically does not attract penalties. Members may receive a dividend on shares or interest on deposits depending on annual performance, and dividends are not guaranteed; savings and lending limits, as well as fees for certain payment services, can apply. The credit union is regulated by the Central Bank of Ireland under the Credit Union Act and eligible member savings are protected by the Deposit Guarantee Scheme up to €100,000 per person per institution. Governance is through a volunteer board of directors with day-to-day operations managed by staff, and audited financial statements are published annually. Account opening generally requires proof of identity and address, and junior accounts are available with a parent or guardian. Services include in-branch support with electronic payments and account access where provided; prospective and existing members should confirm current loan rates, eligibility within the common bond, opening hours, and any service-specific terms directly with the credit union.