What is a Credit Union?
A Credit Union is a financial
co-operative that provides savings and loan facilities for the benefit of its members. As a co-operative it is owned and controlled by those members, each of whom has one vote (once aged 16 and over).
How do I join?
New members will complete a new membership application form provided by the credit union supported by proof of address and photographic identification. Open our events page and click on the rule book, and on the final page you will find a list what you will need.
Once the application has been approved by the New Membership Officer you will be asked to pay a
one-off £ 1.00 membership fee and you will be issued with a passbook for your new account.
You are now a member, shareholder and saver!
You have a vote and say on how your credit union is run and you will be invited every year to attend the Slieve Gullion Credit Union Limited Annual General Meeting.
Who can join?
There are over 500 credit unions in the island of Ireland, each one an independent entity serving its members drawn from a particular area or group, known as the common bond.
For many credit unions the common bond is the area they live in.
Slieve Gullion Credit Union Limited operate a geographical bond. In order to join you will need to live within 7 miles of the credit union and within Co. Armagh.
Please note that in order to be a full member of the Slieve Gullion Credit Union Limited your account must have a minimum balance of £5.00 and you must be over the age of 16.
Credit Unions are run by members for the members.
At Slieve Gullion Credit Union Limited we are always looking for members who would be interested in being involved in the running of the credit union.
This could involve being on a committee or on the Board of Directors itself!
Build up an impressive CV by joining a committee at the Slieve Gullion Credit Union Limited.
There are lots of advantages to being a volunteer: you will be provided with training and experience on a wide spectrum of activities including finance, human resources, marketing, policy and procedures, team work, legal matters, lending money, credit control, compliance and legislation.