About

Our Story

Derry Credit Union is a local, not for profit financial institution. We specialise in providing a great place for savings and loans in our community.

The Credit Union Difference

Credit unions are different from banks and other financial institutions.

Each credit union is independent. We are not branches of a larger organisation.

We are a not-for-profit, member-owned local financial institution.

We have members, not customers. Our members are co-owners of Derry Credit Union.

We exist solely for the benefit of our members.

Members enjoy competitively priced loans, two share accounts and three insurance covers*.

We ask our members to save regularly to contribute to our loan fund, attend our AGM and encourage potential members to join.

*Terms & Conditions apply.

Our Story

On 16th October 1960, the first meeting of Derry Credit Union took place. Attended by our six founder members, they pooled their combined savings of £8.60. Six decades later, our credit union has a membership of 40,000 and our common bond covers the entire BT47 and BT48 post code areas. Our assets are £116 million. We have injected £650 million into the local economy in the form of loans, dividends, and interest rebate payments. We have two offices and offer our members ten loan types, two share accounts, three insurance covers, and a digital loan service. As a member of Derry Credit Union, you are part of this success story!

 

Our Vision, Mission, and Core Values

We make decisions at a local level. Our members and our community are at the heart of all we do. Our vision, mission and core values reflect this approach. For further information, contact us by clicking below.

Contact

Ten Operating Principles

Credit unions are ethical financial service providers. We put the needs of our members and community at the heart of everything we do. Our Ten Operating Principles show how we do this. For information on these, contact us.

Common Bond

The common bond is what unites our members.

Our common bond covers the BT47 and BT48 post code areas. If you live or work in one of these post code areas, you are eligible to apply for membership.

Click below for more information and to join.

Join Us

Our History

Progress Credit Union is non-sectarian and non-political, and continues that Irish tradition of co-operative self-help.

1959

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1965

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1967

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1972

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1985

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1993

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2001

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Testimonials

See what some of our valued members say about our credit union.

B McCrudden
B McCrudden, Derry CU Member

I would have been lost without Derry Credit Union when I was married with young children and needed money for Christmas and events like First Communion.

M Craig
M Craig, Derry CU Member

It was easy to get a loan at payments I could afford when I needed one to buy a car.

C Meenan
C Meenan, Derry CU Member

Excellent service and great family-friendly value.

S Boyle
S Boyle, Derry CU Member

Words that come to mind: Community spirit, people’s bank, borrowing for all needs, friendly staff.