A Quick Hello!
Thank you for visiting Drogheda Credit Union’s website. We hope you find it informative and easy to navigate.
Full details of our products and services can be found in the ’Available Services’ section. Our ’Credit Union News’ section will keep you up to date on what’s happening in the credit union from events taking place to new product launches. Other important sections include the ’Loan Calculator’ for calculating sample loan repayments and a ’Questions & Answers’ section which should hopefully answer some of your queries.
We encourage everyone to become part of this co-operative organisation and if you have any other queries don’t hesitate to contact us (click here).
Drogheda Credit Union Ltd was established in 1968 for the purpose of providing the people of Drogheda with financial security and independence. Since then we have grown from strength to strength, with a membership of almost 40,000 and savings in excess of €110 million. We currently have €54 million of those shares out on loan to our members and this is steadily increasing.
| Monday |
9.30 a.m. - 5.00 p.m. |
| Tuesday |
10.00 a.m. - 5.00 p.m. |
| Wednesday |
Closed |
| Thursday |
9.30 a.m. - 5.00 p.m. |
| Friday |
9.30 a.m. - 7.00 p.m. |
| Saturday |
9.30 a.m. - 12.30 p.m. | |
Benefits of Membership
Members of Drogheda Credit Union enjoy many benefits including;
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Control over their own finances
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Encouragement and advice on a regular savings program
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Excellent service
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Loans at a very competitive rate of 7.9% (APR 8.2%) subject to terms and conditins
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Security of savings through the Credit Union’s fidelity bond and through the Irish League of Credit Unions’ Savings Protection Scheme.
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Loan Protection and Life Savings Insurance, under most circumstances, at no direct cost to the member.
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The confidence that the Credit Union has no hidden charges or penalties for early loan repayment.
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A wide and growing range of services
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Directly contributes to the economic development of the local community.
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The Credit Union “Mission Statement”
The Mission of the Credit Union is to promote the financial well being of its members. To achieve this purpose the Credit Union is committed to providing a broad range of innovative financial products supported by the excellent service of a dedicated, well-trained staff. These programs will be administered in accordance with sound management practices to maintain the financial strength of the Credit union. The Board of Directors, Management and Staff of the Credit Union hereby affirm that the efforts of the Credit Union will be consistently and professionally dedicated to the accomplishment of this mission.
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 proved very popular, and there are now over 530 Credit Unions affiliated to the Irish league of Credit Unions throughout the country.
In Ireland over two million members have recognised the value of credit unions, and have savings approaching several billion euro with their credit unions. There are thousands employed in the sector and many more thousands are volunteers involved in the movement. | 
08 September 2010
