Cleariestown Credit Union Limited

Cleariestown Credit Union Limited is a community-based, member-owned financial cooperative serving individuals connected to the Cleariestown area of County Wexford through a common bond, typically residence, employment, or association. It operates under the Credit Union Act framework and is regulated by the Central Bank of Ireland; eligible savings are protected by the Irish Deposit Guarantee Scheme up to €100,000 per member per institution. The core offering is straightforward retail credit union services, notably savings held as “shares” and unsecured personal loans, with loan pricing and lending criteria set locally within regulatory parameters. Any dividend on members’ shares is not guaranteed and depends on annual surplus and board recommendations approved at the AGM. Availability of additional services—such as current accounts with debit cards, electronic payments, insurance partnerships, or online and mobile access—varies by credit union and should be confirmed directly, along with current loan rates, fees, and any savings limits the credit union may apply. Governance is by a volunteer board elected by members, with audited financial statements and regulatory reporting required; members can attend the AGM and vote on key matters. As with many smaller Irish credit unions, branch access and service hours are localised, and the product set may be narrower than that of full-service banks, so prospective and existing members should review service scope and digital functionality against their needs before opening an account or applying for credit.