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The Story of Douglas Credit Union Limited.
Douglas Credit Union Limited was founded in 1964 to give monetary support to local people, protecting them from loan sharks who were rife throughout Douglas. The establishment proved to be popular and allowed people take control of their finances and gave them fair access to credit.
Douglas has changed a lot since then. However, the ethos of Douglas Credit Union has remained the same; to serve our members. Douglas Credit Union is unique in the sense that it is a not for profit financial institution, which works for its members. When you join Douglas Credit Union, you essentially become a part owner.
Due to a demand for services, a second branch was opened in Grange in 2007. This office has thrived over the past number of years, with a quarter of all our members coming from this area.
In 2016, Douglas Credit Union completed its first merger, joining with Passage West/Monsktown Credit Union. This move expanded the common bond, the area in which anyone living or working can become a member. Our common bond now stretches from Douglas to Ringaskiddy.
The primary function of Douglas Credit Union has always been to provide accessible financial services to our members. Due to progression within the commercial sector and member needs, we have altered and advanced our available services to stay relevant to members throughout the years. We constantly strive to provide our members with the best possible service and keep them at the center of everything we do.
