Ballyfermot Inchicore Credit Union Limited

Ballyfermot Inchicore Credit Union Limited is a member-owned financial cooperative serving the Ballyfermot and Inchicore communities in Dublin through a common-bond membership model. It is regulated by the Central Bank of Ireland under the Credit Union Act 1997 and associated regulations, and eligible savings are protected by the State Deposit Guarantee Scheme up to €100,000 per person per institution. Its core services center on share (savings) accounts and personal loans for purposes such as car purchase, home improvement, and education, with interest quoted as APR and calculated on the reducing balance; loan approvals are subject to affordability, credit checks, and required documentation, and terms and rates can change. Any annual surplus may be returned to members by way of a dividend on shares or a loan interest rebate, at the discretion of members at the AGM, and these are not guaranteed. Governance is via a member-elected board with oversight structures and regulatory requirements including a minimum 10% regulatory reserve. Access typically includes branch services and payment facilities such as standing orders and direct debits; availability of online or mobile banking and any current account or debit card facilities should be confirmed directly with the credit union. Complaints are handled under the internal complaints procedure with the right to escalate to the Financial Services and Pensions Ombudsman. Prospective members should review the current schedule of fees, lending rates, savings terms, and any maximum savings limits, and confirm eligibility under the common bond before opening an account.