about us

Newry Credit Union is a not-for-profit financial organisation. We currently have 16,000 Members, making us the second largest Credit Union in the North of Ireland.

Newry Credit Union is owned by it’s Members who each possess shares in the organisation. Each year after running cost are accounted for, any ‘profit’ is returned to Members in improved services and in dividends on savings and in interest rebates on loans.

In 2006, Members agreed at the Annual General Meeting (AGM) that a dividend of £2.3 million be paid out. To individual Members this equated to a return of 4.25% on savings and an interest rebate of 25% on loans.

our volunteers

Although the day to day management and administration of Newry Credit Union is undertaken by paid staff, Newry Credit Union, in common with other Credit Unions, is dependent on local volunteers, who are elected every year at the Annual General Meeting.

The Board of Directors of Newry Credit Union, the Supervisory Committee and the Credit Committee are all volunteers who generously give their time, skills and experience to ensure that Newry Credit Union maintains its high regard, not just in the local community, but amongst other Credit Unions.

It’s a tribute to the commitment of our volunteers that some of the members of the Board of Directors today were founder Members of the Credit Union in 1963.