Castlerea & District Credit Union Ltd
Monday & Tuesday 9:30 am-4 pm
Wednesday 10:30 am-4 pm
Thursday 10:30 am-4 pm
Friday 9:30 am -8 pm* (*Closed from 4 pm to 5:30 pm)
The Credit Union “Mission Statement”
The mission of Castlerea and District Credit Union Limited is to remain loyal to our operating principles and continue to remain relevant to our members as a Not-for-Profit Financial Co-operative. In this respect, the Credit Union is committed to:
Providing a professional and friendly service to our members.
Encouraging thrift among our members and ensuring their savings are secure.
Making loan finance available to members at competitive interest rates.
Exploring ways of being more relevant to members and implementing change, if required, where financially feasible to do so and where compliant from a legislative / regularity perspective.
The Credit Union Story
The modern Credit Union movement traces its origins to Germany and to Friedrich Willhelm Raiffeisen, the Mayor of a small town in southern Germany, who in 1849 formed societies, which later evolved in to Credit Unions. The purposes of these Credit Unions was to enable people to help themselves in relieving debt and poverty.
A Credit Union is a democratic, financial co-operative owned and controlled by its own members. Each Credit Union is run only to benefit its members, all of whom have something in common – the common bond.
The Credit Union movement was introduced into Ireland in 1958 by Nora Herilhy with the support of a number of other dedicated pioneers.
Since then, the Credit Union philosophy of mutual self-help has proven very popular, and there are now approximately 300 Credit Unions affiliated to the Irish League of Credit Unions, which is an umbrella body representing the vast majority of credit unions in Ireland.
Castlerea and District Credit Union Ltd was formed in 1987 and celebrated its 30th anniversary in 2017. With assets of some €32m and Reserves of €5.7m (July 2019), we are well placed to serve the needs of our members now and well into the future.