Changing credit unions

[sinead76]

Does anybody know the rules regarding credit unions and living in the area? If i live in galway, can i open an account in a cu in say, cork or do i have to live in cork?

 

[Guest]

CUs normally require that you have some "common bond" with them before you are allowed join - e.g. you live in the neighbourhood or are in an employment served by the CU in question. Normally people will only have a choice of one or two (e.g. a neighbourhood and/or employment) CUs to choose from. Other than that you can't generally choose an arbitrary CU to join. Just curious as to why this is an issue? Perhaps based on dividends/interest paid in the past by certain CUs?

[broken link removed]

1. Open and voluntary membership

Membership is a credit union is voluntary and open to all within the accepted common bond of association that can make use if its services and are willing to accept the corresponding responsibilities.