Berehaven Credit Union Limited

Berehaven Credit Union Limited is a member-owned financial co‑operative based in Castletownbere, County Cork, serving people who live, work or study within its common bond across the Beara peninsula and nearby areas. It is regulated by the Central Bank of Ireland, and eligible member savings are protected under the Deposit Guarantee Scheme up to €100,000 per person per institution. Core services typically include share (savings) accounts and personal lending for purposes such as car purchase, home improvements, education and general expenses, with loan decisions based on affordability and credit assessment and rates set and published by the credit union. Returns on savings, where applicable, are usually paid as a year‑end dividend or interest if declared and are not guaranteed; fees or charges may apply to certain services. Access is provided through its office network and supported by remote or online channels for day‑to‑day account management subject to the credit union’s terms. Membership requires proof of identity, address and PPS number in line with anti‑money‑laundering rules. Governance is via an elected volunteer board and an annual general meeting, with audited financial statements made available to members, and unresolved complaints can be referred to the Financial Services and Pensions Ombudsman. As a local credit union, eligibility is limited to the defined common bond and the product range is narrower than a full‑service bank, so applicants should check the current list of services, fees and any savings or loan limits directly with the credit union.