Cooley Credit Union Limited

Cooley Credit Union Limited is a member-owned financial cooperative serving a defined common bond in the Cooley Peninsula area of County Louth. It is authorised and regulated by the Central Bank of Ireland, and eligible deposits are protected by the Irish Deposit Guarantee Scheme up to €100,000 per depositor. The credit union provides core services including share (savings) accounts and personal loans; loan pricing is set locally within the statutory cap of 1% per month on the reducing balance (12.68% APR), interest is charged on a reducing basis, and early repayment is generally permitted without penalty. Membership is restricted to those who live, work, or study within the common bond and typically requires proof of identity, proof of address, and a PPS number; savings caps may apply depending on risk and regulatory considerations. Any dividend or interest on savings is not guaranteed and is subject to DIRT. Access channels usually include branch services and online facilities for account management and loan applications; availability of a current account and debit card via the industry CurrentAccount.ie platform varies by credit union and should be confirmed directly with Cooley Credit Union. Loan assessments consider affordability and Central Credit Register data, and applicants are commonly asked for supporting documents such as payslips and bank statements. Governance operates on a one‑member‑one‑vote basis with surplus allocation decided through the board and member approval at the AGM, and a schedule of interest rates and fees for services (such as certain payments or special requests) is published by the credit union. Unresolved complaints can be escalated to the Financial Services and Pensions Ombudsman.