Clones Credit Union Limited

Clones Credit Union Limited is a member-owned financial cooperative based in Clones, County Monaghan, serving individuals within a defined common-bond area (typically those who live, work, or study locally). It is regulated by the Central Bank of Ireland under the Credit Union Act 1997 (as amended). Eligible member savings (including share and deposit accounts) are covered by the Irish Deposit Guarantee Scheme up to €100,000 per person per institution. Core services generally include savings accounts and consumer lending, such as personal, car, education, or home-improvement loans, with approval subject to affordability and credit assessment; interest rates, terms, and lending limits are set by the credit union and can change. Returns on savings, where offered, are not guaranteed and depend on annual financial performance and decisions made at the Annual General Meeting. Joining requires meeting the common bond and providing identification and proof of address to satisfy anti-money-laundering requirements; additional documentation may be needed for specific products. Access is typically provided through branch services, and online or mobile functionality may be available; prospective members should verify current channels, fees and charges, opening hours, and product availability directly with the credit union. Governance is by an elected board of directors with oversight structures required by law, and audited financial statements are presented to members annually. Complaints can be raised through the credit union’s internal process and, if unresolved, may be referred to the Financial Services and Pensions Ombudsman.