North Longford and Arva Credit Union Limited

North Longford and Arva Credit Union Limited is a member-owned financial co‑operative serving communities in north County Longford and the Arva/Arvagh area of County Cavan. It is authorised and regulated by the Central Bank of Ireland, and eligible savings are covered by the State Deposit Guarantee Scheme up to €100,000 per member per institution. Membership is confined to people within its common bond (typically those who live, work, or study locally) and requires standard proof of identity, address, and PPS number. The credit union provides core savings (“shares”) and personal lending, commonly including car, home improvement, education, and general purpose loans; interest is charged on a reducing balance and early repayment is generally allowed without penalty. Dividends or interest on savings are not guaranteed and depend on annual surplus and member approval at the AGM. Loan decisions involve affordability assessments and consultation of the Central Credit Register, with supporting documentation required. Savings caps, daily or annual lodgement limits, and withdrawal conditions may apply, and shares linked as loan security may be restricted from withdrawal. Access is through branch services with phone and online facilities for account information, electronic lodgements, and loan applications, subject to the credit union’s current systems. Fees and charges can apply to specific services, and a schedule is typically published by the institution. Governance is by a volunteer board elected by members, with audited financial statements published annually, and the credit union must meet statutory capital and liquidity requirements. Prospective and existing members should confirm common bond boundaries, opening hours, product availability, rates, and any savings limits directly with the credit union.