About Us
About Us
Killarney Credit Union is a local, not for profit financial institution. We specialise in providing a great place for savings and loans in our community.
Our Story
Established in July 1970, Killarney Credit Union is proud of its heritage and continues to be governed by our members and voluntary Board of Directors.
Membership of Killarney Credit Union stands at over 37,000 members and we currently employ 28 staff (full time/part time) in our branch offices in Killarney, Kenmare and Cahersiveen.
A credit union is a group of people who save together and lend to each other at a fair and reasonable rate of interest. We offer members the chance to have control over their own finances by making their own savings work for them. Killarney Credit Union is owned by the members — the people who save and borrow with it — people like you.
We are affiliated to the Irish League of Credit Unions. We are governed by the Central Bank of Ireland. We celebrated our 50th anniversary in 2020.
The Credit Union Difference
Our Mission Statement
"Our mission is to be a financial cooperative owned and controlled by our members, for the benefit of our members and the community. Consistent with the principals , philosophy and values of the credit union movement. We aim to provide a safe, superior, financial service in a friendly and professional manner with respect for the worth and dignity of our members. We aim to meet the needs of our members- owners, enhancing lives and financial well being while maintaining the strength of Killarney Credit Union". Adopted 2017
Credit Union Ethos
As a Not for Profit Financial Co-Operative our services aim to incorporate the Credit Union Motto “Not for Profit, Not for Charity, but for Service” by
- Encouraging thrift
- Creating a source of credit at reasonable interest rates
- Educating members on the wise use of money
- Promoting the welfare of the Credit Union community
Credit Union Philosophy
The philosophy of the Credit Union Movement is grounded in the co-operative values of:
- Equality
- Mutual Self Help
- Equity
“People helping People” is at the cornerstone of this philosophy. By working together through co-operation, people can achieve far more together than individually on their own.
Credit Union Operating Principles
The Credit Union Movement has adopted a common set of Operating Principles based on our Ethos and Philosophy
- Open and Voluntary Membership
- Democratic Control
- Limited dividends on equity capital
- Return on savings and deposits
- Return of surplus to members
- Non discrimination in race, religion and politics
- Services to members
- On-going education
- Co-operation among co-operatives
- Social responsibility
