Black Raven Credit Union Limited

Black Raven Credit Union Limited is a member-owned financial cooperative that operates within a defined local “common bond,” meaning membership is generally limited to people who live, work, or study in the eligible area and can provide standard identification and address verification. It focuses on core credit union services: share-based savings, junior and club accounts where offered, and personal lending such as car, home improvement, education, or share-secured loans, with rates and maximum loan amounts set by its published lending policy. Dividends or interest on savings are not guaranteed and can vary year to year; individual savings caps or lodgement limits may apply. Depending on participation in national service platforms, it may also provide online banking, card or payment services, and electronic transfers; fees and charges, if applicable, are set out in its schedule. Loan pricing, terms, and eligibility are assessed on affordability and credit checks; Irish credit unions typically charge interest on a reducing balance and generally allow early repayment without penalty, but applicants should confirm current terms. The credit union is authorised and regulated by the Central Bank of Ireland under the Credit Union Acts, with deposits eligible for protection under the Deposit Guarantee Scheme up to €100,000 per person, per institution; it must maintain regulatory reserves and liquidity and publish audited financial statements to members. Complaints follow the internal process first and may be escalated to the Financial Services and Pensions Ombudsman. Prospective members should review the latest rates, fees, common bond map, savings limits, and loan terms on the official channels and compare with alternatives if seeking features such as business banking, higher-value mortgages, or broader digital functionality.