Templemore Credit Union Limited

Templemore Credit Union Limited is a member-owned financial cooperative based in Templemore, Co. Tipperary, operating under the Credit Union Act 1997 (as amended) and regulated by the Central Bank of Ireland. Membership is restricted to individuals within its defined common bond, and prospective members are typically required to provide proof of identity, address, and PPS number before opening an account. Core services center on share (savings) accounts and personal lending for purposes such as car purchase, home improvement, education, or general use, with interest rates set locally and charged on the reducing balance; loan approval depends on affordability and credit assessment, and loans are reported to the Central Credit Register. Surpluses, if any, may be returned to members as dividends or loan interest rebates, but such distributions are discretionary and not guaranteed; rates and terms can change without notice. Eligible savings are covered by the Irish Deposit Guarantee Scheme up to €100,000 per person per institution, while credit facilities are not covered by that scheme. Access is provided through the branch, with additional service channels and any digital functionality published by the credit union; fees and charges are set out in its schedule of fees. As with many Irish credit unions, availability of a full current account, payment card, or instant payments depends on whether the credit union participates in sector-wide payment services; where offered, associated account and transaction fees typically apply. Operational policies, including savings caps, loan size limits, collateral requirements, and documentation standards, are determined by the board within regulatory constraints and can vary over time. Governance is by a volunteer board elected by members at the AGM, with audited financial statements produced annually; complaints follow the internal process first and can be escalated to the Financial Services and Pensions Ombudsman if unresolved. Prospective and existing members should confirm current eligibility, product availability, rates, opening hours, and service channels directly with Templemore Credit Union Limited before making decisions.