A financial co-operative, owned and controlled by its members, for its members

To service the financial needs of your community, on a not-for-profit basis, and to retain members’ savings in your community for the benefit of all the members.

The members own the credit union.

First Choice Credit Union is run by a voluntary board of directors who are elected by members at First Choice Credit Union AGM.

To be considered an active or full member you must have at least €10.00 in your share account.

The common bond is the factor which unites the members of a Credit Union together i.e. those living or working in the same area may join a credit union. It defines the area in which a credit union can operate. The common bond ensures that the savings of members of the community are available to fellow members as loans. The common bond is essentially people doing it for themselves. Our Common Bond centers on the townloands of Achill, Balla, Ballyhaunis, Castlebar, Kiltimagh and Swinford.

All savings are called Shares in First Choice Credit Union. Each share represents €1 in value. So if a member has €5,000 saved, they in effect, hold 5,000 shares. Each year-end, the credit union pays a Dividend on the shares held by each member throughout the year. This dividend is credited into the members share account.

Please go to our Savings webpage for up to date information. Click here

Members are encouraged to continue saving at all times, even when repaying a loan. When you save on a regular basis no matter how small the amount, you will be surprised how quickly your savings/shares can grow. Remember your savings/shares and your loan are protected by Loan Protection/Life Savings Insurance (LP/LS) at no extra cost.