About Waterford Credit Union
Established in 1963 at a public meeting in City Hall attended by 110 people, Waterford Credit Union is one of the largest in the country. We have over 30,000 members and 40 staff (full time, part time and voluntary). We also have two branches – one on Parnell Street in the city centre and one in Upper Grange near Tesco Ardkeen.
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 offers 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 a central loan fund so they’re helping other members - people like you.
- A credit union only exists to serve its members, not to profit by them. Any surplus income is returned to members by way of a dividend or is reinvested for future requirements.
- Credit unions are non-political, non-religious and continue that Irish tradition of co-operative self-help.
- It has been shown throughout history that people can achieve far more by working together than working alone.