British Credit Union Historical Society

Cloughfern Community Credit Union Ltd

Cloughfern Community Credit Union began operating as a Credit Union in 1990 following a successful examination by the Registrar from the Department of trade and industry. The initial Board of Directors consisted of 22 people both male and female but due to resignations and deaths now stands at 12. One of the early successes of Cloughfern Credit Union was the development of its own computer software programme developed by one of its Directors Ray Perry. The programme was so successful that it was distributed widely accross Northern Ireland. Another major success came in 1994 when, with the help of a grant from the Belfast Action Teams working within the 'Making Belfast Work' programme, the credit union was able to purchase and erect its own office building on its current site. The Credit Union has grown rapidly over the years and due to demand has opened sub-offices in Monkstown and Ballyclare where it operates on Saturday mornings. Due to the success of our Junior Member Accounts, the credit union is considering expanding these accounts into local schools. It is hoped to do this in the near future with the help of The Ulster Federation of Credit Unions which Cloughfern is an affilliated member of.


Larne Credit Union Ltd

The principles of CO-OPERATION and SELF HELP, with a view to helping families and individuals in the Larne area to improve their quality of life, were the motivating factors in the setting up of Larne Credit Union. In 1971a study group was set up to study the principles of Credit Union and to discuss the rules. 1973 the credit union began operating with a small number of members. Premises were rented in Main Street, Larne before moving to Dunluce Street and then back to Main Street again. 1979 they purchased a small house in Circular Road, Larne and used it as the office. The following year they purchased an adjoining house and these two houses were knocked into one and rebuilt, mostly by VOLUNTARY labour. As business developed the need for larger premises was obvious. The year 2000 established a branch office in Carnlough, in rented premises. Five years later Mrs Arlene Clements was appointed as Office Manager of Larne Credit Union Limited. 2006 A site was purchased in Carnlough for a new sub office. Mr Uel Adair President of the Irish League of Credit Unions, officially opened the new sub office in 2007. The credit Union continues to grow 


Lurgan Credit Union Ltd

Lurgan Credit Union Limited held its first meeting on the 11th December 1963 at St Anthony’s Hall in the town. After just one year in operation, the membership had swollen from 18 to 170, with loans issued for the year equal to £3216.00. The shares lodged for the year were £3350.00. In February 1970 we moved to new premises at 12 North Street, Lurgan. By 1977 membership stood at 5,000 and share balances stood at £1,000,000. In 1982, we had reached unprecedented levels of growth and as a result we began to search for larger premises. 14 North Street was purchased and extensive renovation carried out, without any interruption in service. The end of 1982 had provided Lurgan Credit Union with a fully operational building. Growth followed steadily throughout the 1980s the levels of membership grew to 9,202 members in our 25th year 1988 and a share balance in access of £3.5 Million. It was decided in 1994 that our premises were not sufficient because of the growth in membership so by 1996 we found ourselves after renovations of the whole building back where we started in 1963. At present we have 24,198 members with our members loans standing at £25,355,497 and our members shares at £61,163,157. The Future of Lurgan Credit Union Limited is strong with the introduction of our new website which we completed in 2013.

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18.08 | 14:55

I am very proud to be a part of the credit union and the ethos of people helping people.

Congratulations to No1 CopperPot.

14.07 | 04:57

A very inspiring and educational experience. It awaken my interest to serve the community.

01.07 | 13:06

As schools Development Worker for Unify Credit Union, I found the schools project resources very useful.... some really good ideas, Thank you x

23.11 | 16:41
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