Midleton Credit Union Limited

Midleton Credit Union Limited is a member-owned financial cooperative serving individuals within a defined common bond centred on Midleton, County Cork. It provides core credit union services, notably share (savings) accounts and unsecured personal loans for purposes such as car purchase, home improvements, education, and general personal borrowing, with interest rates and maximum loan amounts set by the board and published in its product disclosures. Dividends on share accounts are not guaranteed and are proposed annually based on available surplus; any distribution is typically subject to Deposit Interest Retention Tax unless an exemption applies. Membership and account opening are subject to Irish anti-money laundering rules, including verification of identity, address, and PPS number. Access is through branch services and digital channels for account management and loan applications, with operating hours and processing cut-off times determined locally. The credit union is authorised and regulated by the Central Bank of Ireland, and eligible savings are covered up to €100,000 per person under the State Deposit Guarantee Scheme. Fees can apply to specific services, and additional offerings such as a current account and debit card are available only where the credit union has the relevant arrangements in place; full terms, charges, and eligibility criteria are published by the institution. Governance is through a member-elected board, audited financial statements are produced annually, and lending decisions are based on affordability and credit checks in line with regulatory standards; savings limits per member may also be in place to manage capital and liquidity.