Ballinamore Credit Union Limited

Ballinamore Credit Union Limited is a member-owned financial co‑operative based in Ballinamore, County Leitrim, operating under the common bond model and regulated by the Central Bank of Ireland (Registry of Credit Unions). Membership is generally available to individuals who live, work, or study within the defined common bond area and requires standard anti‑money‑laundering documentation (photo identification, proof of address, and PPS number). Core services typically include share (savings) accounts and personal loans for purposes such as car purchase, education, or home improvement, with loan approvals subject to affordability assessments and credit checks; interest rates, terms, and eligibility criteria are set by the credit union and can vary by product. Savings are held as shares in the credit union rather than as bank deposits, and any dividend or loan interest rebate is not guaranteed and depends on annual surplus, regulatory requirements, and member approval at the AGM. Member savings eligible under the Irish Deposit Guarantee Scheme are protected up to €100,000 per member, per institution. The credit union is overseen by a board of directors elected by members and publishes audited annual financial statements in line with Irish credit union legislation. Complaints follow the credit union’s internal process and can be escalated to the Financial Services and Pensions Ombudsman if unresolved.