Phibsboro and District Credit Union Limited

Phibsboro and District Credit Union Limited is an Irish member-owned financial co‑operative serving individuals within a defined common bond around Phibsboro and nearby districts of Dublin; eligibility typically depends on living, working, or studying in the area and proof of this is required at account opening. As an Irish credit union, it is authorised and regulated by the Central Bank of Ireland, and eligible member savings are protected under the State Deposit Guarantee Scheme up to €100,000 per person per institution. The organisation’s core offering is straightforward savings (share) accounts and unsecured personal lending for common purposes such as car purchase, home improvements, or education; loan approvals are subject to credit assessment, rates are quoted as APR, and interest is charged on the reducing balance. Dividends or interest on savings, if any, are determined annually and are not guaranteed. Credit unions may also set internal savings limits and other risk controls, so prospective and existing members should confirm any cap on lodgements, withdrawal rules where loans are outstanding, and the current schedule of fees or charges for payment services, if offered. Compared with banks, the proposition is narrower in scope and membership-restricted, but deposit protection is the same €100,000 DGS ceiling; decisions on joining or borrowing should be based on the credit union’s published rates, representative examples, and up-to-date terms available directly from the institution.