Limerick & District Credit Union Limited

Limerick & District Credit Union Limited is a community credit union in Ireland serving individuals within its defined common bond across Limerick city and surrounding areas. It offers core credit union services such as savings accounts and personal lending, with interest on loans generally charged on a reducing balance. Membership is restricted to those who live, work, or study in the eligible area and requires standard identification and verification under Irish anti-money-laundering rules, along with a small minimum share balance to maintain membership. Savings are held as shares; any return on savings (for example, a dividend) or loan interest rebate is decided annually by members at the AGM and is not guaranteed. Loan approvals are subject to affordability and credit checks, and security or additional documentation may be required for larger or higher-risk facilities; amounts, terms, and rates depend on individual circumstances and are subject to change. The credit union is authorised and regulated by the Central Bank of Ireland under the Credit Union Acts, and eligible deposits are protected by the Irish Deposit Guarantee Scheme up to €100,000 per person, per institution. Savings caps, transactional limits, and service charges may apply. Access is available through branches and online channels for routine account management, though specific features can vary over time. Governance is through an elected board and internal oversight structures, with complaints handled under the credit union’s procedures and, if unresolved, through the Financial Services and Pensions Ombudsman. Prospective members should confirm current products, rates, limits, and documentation requirements directly with the credit union before applying.