Safe, Strong & Secure

St. Anthony’s & Claddagh Credit Union is safe and secure and continues to serve its members well regardless of the economic constrains of the wider financial sector. Since our foundation in 1963, membership has grown consistently and there are now over 33,000 members, and a very high quality asset base of 167m.

These are excellent indicators of the trust and confidence that you as a member have in your Credit Union and its continuous prudent development. Rumours of Credit Union closures, mergers and take-overs are being spread in a sensationalist manner at present and may be causing unnecessary concern to some of our members. Credit Unions have been at the heart of Ireland’s economic development for more than 50 years. The original ethos is still inherent in the Credit Union model, and is more relevant today than ever before. Credit Unions are not immune from the current economic difficulties and, as a consequence, some may be facing a challenging financial situation.

However, each Credit Union is a separate entity, managed and directed completely independently, and St. Anthony’s & Claddagh Credit Union can assure all its members that their credit union remains a strong and vibrant business. We continue to follow a prudent business strategy focusing on low risk core products and services. Our sole source of funds is from members savings, and any funds we do not lend out, are in 100% capital guaranteed investments.

We are regulated by the Central Bank of Ireland and subject to an annual audit by an independent external auditor and continuous internal audits by the member elected Supervisory Committee. There is also the additional peace of mind provided by the Government Guarantee on savings of €100,000 per member.

We wish to thank all members for their continued support, and reassure them that their Credit Union is strong, in safe hands, and does not require any external support. We look forward to continuing to serve you in each of our three branches.