Dromcollogher Credit Union Limited (Ireland)

Address

North Road, Dromcollogher,, Co Limerick, Ireland

BIC

DRRUIE21

Overview

Business Focus

savings and loans

Dromcollogher Credit Union is a local, mutual, non-for-profit financial institution. Dromcollogher Credit Union is owned by its members via share accounts. Dromcollogher Credit Union specializes in providing savings and loans at fair and reasonable interest rates as well as insurance products to its members, natural persons of local residence. Because Dromcollogher Credit Union is a non-for-profit organization, the surplus generated by Dromcollogher Credit Union is returned to the members as dividends and/or directed to improve services required by the members. Share and deposit accounts made with Dromcollogher Credit Union are covered by Irish Deposit Protection Scheme.

Dromcollogher Credit Union was merged with Mallow Credit Union.

Deposit Protection

Deposits up to 100,000 EUR are covered by Irish deposit guarantee scheme in Dromcollogher Credit Union Limited.

Clients

natural persons residing in the local community

Area Served

local community

Products

savings

loans

insurance

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Irish Deposit Guarantee Scheme (DGS)

Covered Accounts

any credit balance on an account with a bank

Eligible Depositors

natural persons
small companies

Dromcollogher Credit Union Limited protects deposits up to up to 100,000 EUR per depositor through Ireland's deposit guarantee scheme. The scheme applies to any credit balance on an account with a bank made by natural persons, small companies. The institution participates in the Irish Deposit Guarantee Scheme (DGS), making regular contributions into it.