Rowlagh Credit Union Limited

Rowlagh Credit Union Limited is an Irish member-owned financial cooperative authorised and regulated by the Central Bank of Ireland under the Credit Union Act 1997. It operates on a common-bond basis, limiting membership to individuals with a qualifying connection to its local area through residence, employment, study, or eligible family ties. Core services focus on savings held as shares and consumer lending; dividends or interest on savings are declared annually at the discretion of the board and are not guaranteed, and loans are approved subject to affordability, credit checks, and the credit union’s lending policies. Eligible member savings are protected by the Deposit Guarantee Scheme up to €100,000 per person per institution. Governance is through a volunteer board elected by members at the AGM, and the credit union produces audited financial statements and submits prudential returns to the regulator. Pricing, fees, loan rates, dividend policy, and any additional services (such as current accounts, payment cards, or digital banking) are set locally and can change, so applicants should confirm current terms directly with the credit union before opening an account or applying for credit. Standard compliance requirements apply, including proof of identity and address under anti-money-laundering rules, and loans may be secured by members’ shares or subject to arrears controls. Financial strength and risk metrics, including regulatory capital and loan arrears, are outlined in the most recent annual report and regulatory disclosures.