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About FAQ

Frequently Asked Questions

What is Douglas Credit Union? Douglas Credit Union is a not for profit financial institution whose members can save with and borrow from at low interest rates.


What is a common bond? The common bond is the area which Douglas Credit Union can acquire members from. Every credit union has their own common bond. The Douglas common bond stretches from Douglas to Ringaskiddy, taking in Grange, Frankfield, Donnybrook, Maryborough Hill, Rochestown, Passage West, Monkstown and Shanbally. If you would like to become a member of Douglas Credit Union but are unsure if you are within the common bond, you can check here.


What are members? Members are those who choose to use the services of Douglas Credit Union. We work for our members, not for profit. Therefore, when you become a member of Douglas Credit Union, you essentially become a part owner. Being a member of Douglas Credit Union gives you a fantastic range of benefits.


What benefits do I get from being a member of Douglas Credit Union? As mentioned, the main benefit of being a member of Douglas Credit Union is that you essentially are an owner. Every year we hold an AGM which all members are invited to. It is here that business for the year is discussed and members have the chance to voice their opinions. If during the year we make a profit, we pay a percent this back to members in the form on a dividend. The bigger your shares in the Credit Union, the bigger your dividend can be. We also offer members a full range of financial products and services including Online Banking, Foreign Exchange and Death Benefit. Your can view the full range of services and benefits here.


What are shares? Share are what we call savings. For example, every €1 saved is equivalent to 1 share in Douglas Credit Union. All shares are pooled together into a common fund.


What is a common fund? A common fund is all the money that members have in shares. As the amount of shares builds up, the common fund grows. This is then available for providing loans to members. Saving regularly means that this pool grows and the amount available to members to borrow grows.


What happens to my shares if I were to pass away? Every member over the age of 16 is entitled to nominate a person, or persons, to receive their shares in Douglas Credit Union should they pass on.

Douglas Office
  • Tel:
  • Fax:
  • Email:
  • Web:
  • 021 489 4555
  • 021 489 4733
  • www.douglascu.ie
  • Douglas Credit Union Limited West Douglas, Cork
Opening Hours
  • Mon, Tues, Thurs & Fri: 9.30am - 5pm
  • Wed: Closed
  • Sat: 9.30am - 12.30pm
Grange Office
  • Tel:
  • Fax:
  • 021 489 0355
  • 021 489 0367
  • Unit 3, Supervalue S/C, Grange Road,Douglas, Co. Cork
Opening Hours
  • Mon, Tues: Closed
  • Wed, Thur, Fri: 9.30am - 5pm
  • Sat: 9.30am - 12.30pm
Passage West / Monkstown Office
  • Tel:
  • Fax:
  • 021 484 1317
  • 021 486 3084
  • Chapel Square, Passage West, Co. Cork
Opening Hours
  • Mon, Tues, Thurs & Fri: 9.30am - 5pm
  • Wed: Closed
  • Sat: 9.30am - 12.30pm
Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears.
This may affect your credit rating which may limit your ability to access credit in the future.
Douglas Credit Union Limited is regulated by the Central Bank of Ireland. Reg No. 46CU