About

Welcome to Dungannon Credit Union

For people. Not profit.

On this website we outline all the important information, products and services we offer and helpful tips so you get the most from your Credit Union membership.

About Us

Dungannon credit Union was founded in 1964 thanks to the initiative of the catholic charitable organisation “The Knights of Columbanus.”  President of that organisation at the time was Revd. Doctor McLernon. The official launch was held at a well-attended meeting in St. Patrick’s Hall on Thursday 20th August.

The message that the new directors tried to get over was exactly the same as to-day “Save a little and borrow a little.”   The Credit Union asks its members to save and these savings are loaned to other members who wish to borrow.  The interest members pay on their borrowing then goes back to the members in the form of a dividend at the end of the year. By the end of December 1964, savings totalled £1,819 and £1,776 had been given out in loans.

Since 1964 when Dungannon Credit Union was formed, it has gone from strength to strength, helping its members over the years to overcome the problems and pressures of everyday life. Unemployment, low wages, sickness and the many other causes that have lead to financial difficulties including the current cost of living increases that now exist but, as living standards have improved the Credit Union has grown with varying Member needs.

Nowadays members use DCU to fund their holidays, cars and home extensions. Since 1964, Dungannon Credit Union has grown into an organisation that currently has over 10,000 members, £32 million in savings and £7 million in loans to its members.

The Best Choice for You

Dungannon Credit Union is a community led and community serving organisation. We are owned by our members and work to financially help those in our common bond. This is the Credit Union Difference, making us the best choice for you and your family.

Credit Unions ranked as Number One in 2023 RepTrak®study

(Posted on: 15th May 2024)

Credit unions have been ranked as the most reputable organisation in Ireland, topping the Ireland RepTrak® 2024 study ranking for the second consecutive year. With an overall score of 84.2, ranking first in four out of seven of the key drivers of reputation - Citizenship, Conduct, Products & Services, and Workplace as well as taking first place in Trust to do the right thing, Fair in the way it does business, Ethical, Open & Transparent and other important reputation metrics.

With over 3.6 million members, credit unions are recognised as a crucial pillar of local communities. These results acknowledge the trust that members of the public place in their local credit union as well as the appreciation for the personalised, community focused approach.

Welcoming the first-place ranking for 2024, David Malone, CEO of the Irish League of Credit Unions said, “Topping Ireland RepTrak for the second year in a row is a significant achievement for the credit union sector. It is a recognition of the role that we play in communities across Ireland and the trust and esteem in which people hold credit unions. This recognition proves to us that our constant focus on improving both the face-to-face in branch experience and our digital and online engagements is delivering.
In more than 400 locations across the country, our 4,000 staff members, supported by more than 3,000 volunteer Directors, are the cornerstone of our organisation. They help build emotional connection and in turn our reputation amongst members every day through our products and services. We are immensely proud of the work they do every day.”

Common Myths Busted

  • Every credit union is owned by its Members-the people who save with it and borrow from it. Credit unions exist only to serve Members-not to profit from their needs. FACT
  • Credit unions also return all earnings back to members with their low fees and great dividend rates and give Members a vote in determining how the Credit union is managed. FACT
  • You need to be a Member for 3 Months before you can get a loan. MYTH
  • You can only get a Credit Union loan in the office. MYTH
  • You can transact online through the website or through the App. FACT
  • You can only borrow 3 times your shares in the credit union. MYTH
  • You can save a maximum of £15,000. FACT
  • Record approval rate on Loans, it's worth considering DCU! FACT

Need more Info?

Please contact us by phone on 028 8772 3729, you can fill our enquiry form or email your query to info@dungannoncu.com.

Contact Us