Why Save with Us

A better way to save

Opening a Share Account with Mountmellick Credit Union is a better way to save. You are not just another ‘customer’ – but an active member of a highly successful financial co-operative. We encourage financial inclusion and promote financial well-being to members of our communities by offering fair access to savings accounts and low-cost loans.

Not for Profit

Credit Union’s differ from banks, in that they exist only to serve members – not to profit from their need...

Read More

Credit Union’s differ from banks, in that they exist only to serve members – not to profit from their need.

As not-for-profit financial institutions, Credit Unions are the ethical choice. Members savings and income generated are used to fund loans to other credit-worthy members within the community for productive purposes. The Credit Unions also promote social, cultural and education activities in the local community by providing financial assistance to local groups and clubs where possible.

Mountmellick Credit Union is a financially strong and stable credit union. We are regulated by the Central Bank of Ireland. Reg. No. 159CU. Our member’s savings, up to a limit of €100,000, continue to be guaranteed by the Government Deposit Guarantee Scheme. More information on the scheme can be found on the Central Bank of Ireland’s website.

No transaction fees or charges

There are no transaction fees or charges, and we also provide life insurance...

Read More

There are no transaction fees or charges

We also provide life insurance cover up to a maximum of €20,000 for eligible members at no direct cost to them, and as an additional incentive for them to save regularly. The amount of insurance benefit to which a member is entitled is in proportion to the amount of savings the member has and depends on the members age at date of lodgement.


Once your savings are not being held as collateral for an active loan, they are available to withdraw on demand. You can also set up multiple linked share accounts if you are saving for different purposes.


All share accounts you hold with Mountmellick Credit Union Limited are eligible for a dividend. A dividend is the return on your shares, and it is paid by your credit union out of any surplus. The amount of your dividend will depend on the amount of shares you have saved and the surplus income available for distribution to members.

No waiting period

You can join Mountmellick Credit Union and apply for a loan on the same day once all of the relevant supporting documentation has been provided to activate your account. You can apply to borrow as much or as little as you need. All loan decisions are based on affordability, taking into account your income, expenditure, and credit history.

Annual interest rebate

Depending on funds available, Mountmellick Credit Union may also process an annual interest rebate for eligible members paying active loans. This means that our members may get a refund of some of the loan interest they paid during the year.

Loan Protection Insurance

We also provide Loan Protection Insurance the loans of eligible members at no additional cost...

Read More

We also provide Loan Protection Insurance the loans of eligible members at no additional cost.

Should an eligible member with an outstanding loan balance die, the balance is repaid in full, subject to applicable terms and conditions and certain cover limits. If you are an eligible member, this means that you can borrow from your credit union in the full confidence that your dependents will not be obliged to repay the outstanding loan balance in the event of your death.

Not a Member?

We put people first.

Joining the Credit Union means you will be part of a financial co-operative that puts your financial wellbeing above all else.