Lisduggan District Credit Union Limited

Lisduggan District Credit Union Limited is a member-owned financial cooperative serving the Lisduggan/Waterford area in Ireland and is authorised and regulated by the Central Bank of Ireland. Membership is based on a common bond, generally requiring residence, employment, or study within a defined local area. Core services focus on savings (“shares”) and consumer lending, including personal, car, home improvement, and education loans, with some facilities secured against members’ shares; loan applications are subject to credit assessment, affordability checks, and the statutory Irish credit union interest cap of 1% per month (12.68% APR). Any dividend on savings is not guaranteed and depends on annual performance and board recommendation at the AGM. Eligible savings are covered by the Deposit Guarantee Scheme up to €100,000 per person per institution, while investment services are not a feature of the credit union model. Payment and access channels typically include cash and electronic lodgements and withdrawals, standing orders and direct debits, and online account access for balances and transfers; available features, fees, and limits are set locally and can change. Many Irish credit unions provide loan protection and life savings insurance subject to age, balance, and policy limits; members should confirm eligibility and cover terms before relying on them. Governance is through an elected volunteer board with audited financial statements published annually, and capital and liquidity are maintained to meet regulatory requirements. Prospective and existing members should verify current common-bond boundaries, documentation required to join (usually photo ID, proof of address, and PPS number), opening hours, rates, and charges directly with Lisduggan District Credit Union Limited before applying or transacting.