Inishowen Credit Union Limited

Inishowen Credit Union Limited is a member-owned co-operative providing retail financial services to the Inishowen area of County Donegal. Membership is limited to people within its common bond, generally those who live, work, or study locally, and requires standard identification and address verification. Core services include share (savings) accounts and unsecured personal lending for purposes such as car purchase, home improvement, and education; loan decisions are subject to affordability and credit assessments, interest is charged on a reducing balance, and product-specific APRs are set and published by the credit union. Returns on savings, if any, are paid as a dividend or interest when declared by the board and are not guaranteed. The credit union is regulated by the Central Bank of Ireland, and eligible member savings are covered by the Deposit Guarantee Scheme up to €100,000 per person per institution. Access is provided through branch services and digital channels, with any fees and the availability of additional services—such as current accounts or debit cards—outlined in its schedule of charges. Governance is through a board elected by members, with audited financial statements presented at the annual general meeting and filed with the relevant authorities. The organisation’s common-bond eligibility and product set are narrower than those of a full-service bank.