Ballyshannon & Killybegs Credit Union Limited

Ballyshannon & Killybegs Credit Union Limited is a member-owned financial cooperative in County Donegal that serves individuals within its defined common bond around Ballyshannon and Killybegs. It is authorised and regulated by the Central Bank of Ireland under the Credit Union Act 1997 (as amended), and eligible savings are protected by the statutory Deposit Guarantee Scheme up to €100,000 per person per institution. The credit union’s activities centre on savings and consumer lending for common purposes such as personal, car, education, and home improvement needs; loan approvals are subject to affordability assessments and credit checks, and interest rates are set by the board within regulatory limits. Member share accounts do not pay a fixed rate; any dividend is discretionary, decided annually at the AGM based on performance and reserves, and is not guaranteed, and any loan interest rebate is also discretionary. Membership typically requires living, working, or studying within the common bond and providing standard identification and proof of address in line with anti–money laundering requirements. Governance is through an elected volunteer board and oversight committees, with audited annual financial statements published and regulatory reserves maintained. Access is provided through branch services and remote channels such as phone and online information, though service features, fees, and transaction limits depend on current policies. Prospective members should review the latest membership criteria, product terms, interest rates, and charges as published by the credit union and consult the Central Bank’s consumer guidance where relevant.