Ervia Employees' Credit Union Limited

Ervia Employees' Credit Union Limited is a member-owned financial co‑operative established to serve a defined common bond linked to the Ervia group, typically encompassing current and former staff and certain eligible relatives. It operates under the Credit Union Act 1997 (as amended) and is regulated by the Central Bank of Ireland; member savings (shares) are covered by the State Deposit Guarantee Scheme up to €100,000 per person per institution. The credit union’s core offering centres on savings accounts and consumer lending, including general personal loans and purpose-specific loans such as car or home improvement facilities, with interest rates and lending criteria set by its board and published in its lending policy; all credit decisions are subject to affordability and underwriting checks, and borrowing limits apply. Dividends on members’ shares and any loan interest rebates are determined annually based on surplus and are not guaranteed; decisions are approved by members at the Annual General Meeting, where the volunteer board and auditors present financial results and regulatory metrics such as reserves and capital adequacy. Access is typically via a small office footprint supported by phone and online channels for account enquiries, electronic transfers, payroll deduction (for eligible employer groups), and loan applications; payment functionality is usually limited compared with a full-service bank, and business banking, foreign exchange, and investment products are outside its scope. Membership is restricted by the common bond, savings caps may be imposed to manage regulatory ratios, and fees or charges can apply for specific services, all of which are set out in its rule book and schedule of fees. Prospective and existing members should review the most recent financial statements, lending rates, savings limits, and service availability, and confirm current eligibility rules and identification requirements before opening an account or applying for credit.