Teachers' Union Of Ireland Credit Union Limited

Teachers' Union of Ireland Credit Union Limited is an occupational, member-owned credit union regulated by the Central Bank of Ireland that serves members of the Teachers’ Union of Ireland and others within its defined common bond. Membership requires proof of eligibility and standard identification checks, and member deposits are protected by the Irish Deposit Guarantee Scheme up to €100,000 per person per institution. The credit union provides share-based savings and unsecured personal lending for purposes such as car purchase, education, home improvement, and general use, with interest charged on the reducing balance; loan amounts, rates, and terms are subject to underwriting, income assessment, credit history, and any applicable lending limits or loan-to-savings requirements. Returns on savings are not guaranteed and may be paid as a dividend or interest on shares, determined annually based on financial performance and member approval at the AGM. Members can fund accounts and make repayments by electronic transfer and set up regular payments, including, where available, payroll deduction; early loan repayment is usually permitted, but the current credit agreement and any fees or charges should be reviewed. The credit union publishes audited financial statements and is required to maintain capital and liquidity in line with Central Bank rules, and its products, rates, and eligibility criteria are subject to change; prospective and existing members should check the official website or contact the credit union directly for up-to-date details on membership, loan rates, savings terms, and any applicable fees.