Member First Credit Union Limited

Member First Credit Union Limited is an Irish member-owned financial co‑operative serving a defined “common bond” area in Dublin’s northside, meaning eligibility to join is typically based on living, working, or studying within specified local communities and meeting minimum share requirements. It is regulated by the Central Bank of Ireland under the Credit Union Acts and eligible member deposits are covered by the State’s Deposit Guarantee Scheme up to €100,000 per person. The credit union’s core services include share savings accounts and consumer lending (e.g., personal, car, home improvement, education), with loan pricing, maximum amounts, and underwriting criteria set out in its lending policy and published schedules; interest is charged on outstanding balances and may vary by product and risk, and early repayment terms should be confirmed before borrowing. Depending on availability, it may also provide a current account with a debit card through the national credit union platform, which typically carries a monthly maintenance charge and per‑transaction fees, alongside direct debits, standing orders, SEPA transfers, and online/mobile banking for account access and loan applications. Dividends on shares or loan interest rebates are not guaranteed and are determined annually based on surplus and board recommendation at the AGM. Like many Irish credit unions, savings caps per member and withdrawal notice periods on larger balances can apply, and there are internal limits on maximum loan size and loan‑to‑savings ratios. Governance is by an elected volunteer board, with day‑to‑day operations led by management; audited financial statements and annual reports are published for members. Service is delivered through branches in its common bond area and remote channels during stated business hours. Complaints follow an internal process with recourse to the Financial Services and Pensions Ombudsman if unresolved. Prospective and existing members should review the latest rate sheets, fees, eligibility rules, and product terms on the credit union’s website or in‑branch, as offerings and conditions are subject to change under regulatory and policy updates.