About Waterford Credit Union

Established in 1963 at a public meeting in City Hall attended by 110 people, now almost 50 years later, Waterford Credit Union is one of the largest in the country with almost 30,000 members and over 40 staff (full time, part time and voluntary). It has two offices, one on Parnell Street and the other in Upper Grange.

What exactly is a credit union?

• A credit union is a group of people who save together and lend to each other at a fair and reasonable rate.
• A credit union offer's members the chance to control their own finances by making their savings work for them.
• Every credit union is owned by its members – the people who save and borrow with it – people like you.
• When you become a member and start saving with us, you will have access to a fair and reasonable rate of interest.
• Your savings contribute to your credit union’s loan fund so your savings are helping other members - members like you.
• A credit union only exists to serve its members, not to profit by them. Any surplus income is returned to its members by way of a dividend or is reinvested for future requirements.
• Credit unions are non-sectarian, non-political, and continue that Irish tradition of co-operative self-help.
• It has been shown throughout history that people can achieve far more through cooperation than individual effort.