Cootehill Credit Union Limited

Cootehill Credit Union Limited is a member-owned financial co-operative based in Cootehill, County Cavan, serving individuals who meet its common bond criteria (typically residence, employment, or association within the local area). It offers core credit union services such as share (savings) accounts and personal loans for purposes including car purchase, home improvement, and education, with access limited to members. Dividends on savings are not guaranteed and depend on annual surplus; loan approval and limits are subject to affordability assessments and credit checks, and rates and terms can change. Payment facilities commonly include standing orders, direct debits, and electronic funds transfers, with in-branch service central and remote access options varying by product. The credit union is regulated by the Central Bank of Ireland under the Credit Union Act 1997 (as amended). Eligible deposits are protected by the statutory Deposit Guarantee Scheme up to €100,000 per person per institution. Identification and address verification are required to open an account under anti-money laundering rules. Savings caps may apply, and withdrawals can be restricted in specific circumstances to manage liquidity. Governance is through a board elected by members at the AGM, and audited financial statements are published annually. Prospective members should check current loan rates, fees, opening hours, and any savings limits directly with the credit union before applying.