First South Credit Union Limited

First South Credit Union Limited is a member-owned cooperative financial institution regulated by the Central Bank of Ireland and operating under a defined common bond, meaning membership is limited to people who live, work, or study in its specified area or meet other eligibility rules it sets. It offers core credit union services including savings (held as “shares”) and consumer lending such as personal, car, education, and home-improvement loans, with interest typically calculated on the reducing balance and lending subject to affordability checks and standard documentation (photo ID, proof of address, PPS number). Dividends on savings are not guaranteed and depend on annual surplus and board decisions at the AGM. Payment services, online access, and mobile functionality are available, though the scope and fees for current accounts, cards, and transfers vary by product and are subject to change; members should review the latest schedule of charges and terms before opening or switching accounts. Eligible deposits are covered by the Irish Deposit Guarantee Scheme up to €100,000 per person per institution, and the credit union publishes audited financial statements annually, with governance exercised on a one‑member‑one‑vote basis. As with any lender, credit approval, loan amounts, and rates depend on individual circumstances, and early repayment is generally permitted without penalty. Prospective members should compare published APRs, any account fees, service availability across branches and digital channels, and the credit union’s common bond to confirm eligibility.