Termonfeckin Credit Union Limited

Termonfeckin Credit Union Limited is a community credit union based in Termonfeckin, County Louth, operating under the Credit Union Act 1997 (as amended) and supervised by the Central Bank of Ireland. Membership is confined by a local common bond, and new members are required to provide proof of identity, address and PPS number to meet anti-money laundering rules. It offers core credit union services, primarily share (savings) accounts and personal loans for purposes such as car purchase, home improvement and general use, with lending decisions based on affordability and standard credit checks, including reporting to the Central Credit Register. Member savings are held as shares rather than bank deposits; any annual dividend on shares and any loan interest rebate are not guaranteed and, if approved, are set at the annual general meeting. Eligible savings are protected up to €100,000 per member under the State Deposit Guarantee Scheme. Savings limits and withdrawal notice periods can be applied depending on liquidity and risk policies, and certain transactions may attract fees, while basic share accounts typically do not carry ongoing maintenance charges. Governance follows the one-member-one-vote model, audited financial statements are provided to members, and unresolved complaints fall within the remit of the Financial Services and Pensions Ombudsman. Rates, terms and eligibility are published by the credit union and can change, so applicants should review current documentation before proceeding.