Portarlington Credit Union Limited

Portarlington Credit Union Limited is a member-owned financial co‑operative serving people within its defined common bond around Portarlington in Ireland, providing core retail services including share-based savings and personal loans for typical purposes such as car purchase, home improvement, and education; lending decisions are subject to affordability and creditworthiness, interest is charged on a reducing balance, and APRs and terms can change. The credit union operates under the Credit Union Acts 1997–2021 and is regulated by the Central Bank of Ireland, with requirements on capital, liquidity, governance, and reporting; audited annual financial statements are published and can be reviewed for items such as capital ratios, loan-to-asset mix, and arrears. Savings eligible under the Irish Deposit Guarantee Scheme are protected up to €100,000 per person per institution; savings are not covered by the Investor Compensation Scheme. Returns on share accounts are not guaranteed, and any dividend or loan interest rebate depends on annual surplus and approval at the AGM; dividends/interest on savings may be subject to DIRT at the prevailing rate unless the member has a valid exemption. Membership is restricted to those who live, work, or study within the common bond and generally requires proof of identity, address, and PPS number; withdrawals of shares can be limited in certain circumstances to protect regulatory reserves. Day-to-day access is typically via branch services and electronic payments; the availability of online banking, mobile app features, and card or current account facilities varies by credit union and may attract separate fees and government charges (including stamp duty on payment cards, where applicable), so current service availability and pricing should be confirmed directly with the credit union. Unresolved complaints can be referred to the Financial Services and Pensions Ombudsman. Prospective members and borrowers should review current APRs, representative cost examples, and any service charges and compare them with alternative providers before applying.