Malahide and District Credit Union Limited

Malahide and District Credit Union Limited is a member-owned financial co‑operative based in Malahide, County Dublin, operating under the Credit Union Act 1997 and supervised by the Central Bank of Ireland. Membership is restricted to individuals who fall within its common bond (typically those living, working, or studying in the defined local area) and requires opening a share account; standard anti‑money‑laundering identification and address verification apply. The credit union’s core services are savings (member shares) and consumer lending; loan applications are assessed against affordability, credit history, and internal lending policies, with interest quoted on an APR basis and charged on a reducing balance. Any dividend or interest on savings is discretionary and depends on annual surplus and board approval; it is not guaranteed. Eligible deposits are protected by the Irish Deposit Guarantee Scheme up to €100,000 per person, and the credit union may operate internal savings caps or other account limits as part of its risk management. Payments functionality generally includes lodgments, withdrawals, and electronic transfers and standing orders where available, though specific channels, fees, and service hours are determined locally and can change. Governance follows a one‑member‑one‑vote model with a volunteer board elected at the AGM, audited financial statements, and statutory reporting; complaints must first go through the credit union’s procedures and can be escalated to the Financial Services and Pensions Ombudsman if unresolved. Prospective and existing members should confirm current common‑bond eligibility, documentation requirements, rates, and product terms directly with the credit union before opening an account or applying for a loan.