Roscrea Credit Union Limited

Roscrea Credit Union Limited is a community-based, member-owned financial co‑operative serving the Roscrea area and its common bond, operating under the Credit Union Act and supervised by the Central Bank of Ireland. Membership typically requires living, working, or studying within the defined common bond and providing standard anti‑money‑laundering documentation. Core services focus on savings (“shares”) and personal lending; loan pricing is variable and calculated on a reducing balance, subject to regulatory caps on credit union interest rates, with approvals based on affordability and credit checks that include reporting to and querying the Central Credit Register. Savings dividends or interest are not guaranteed and depend on annual financial performance and member approval at the AGM; shares may be subject to caps, withdrawal limits, or notices if required for liquidity management or where pledged against a loan. Member savings are protected by the statutory Deposit Guarantee Scheme up to €100,000 per person per institution. Non-personal accounts for local clubs and societies are generally permitted within the bond. Access is through branch and remote channels, with electronic payments (SEPA transfers, standing orders, and direct debits) commonly supported; specific digital features, fees, and transaction limits vary and should be confirmed directly with the credit union. Complaints can be escalated to the Financial Services and Pensions Ombudsman if not resolved through internal processes.