Why is a Credit Union loan better?

A credit union loan has some very special features:

  • Loans are insured at no direct cost to the eligible member.
  • No hidden fees or transaction charges.
  • Reasonable interest rates.
  • Repayment terms to suit your particular circumstances.
  • You can repay the loan earlier with no penalty.
  • Additional lump sum repayments accepted with no penalty.
  • Flexibility to make larger repayments than agreed with no penalty.


How much does a Wicklow Credit Union loan cost?

Current interest rate 9.41% APR


How do I apply for a loan?

Only credit union members can apply for a credit union loan.

If you are a member and like the personal touch speak to any member of the credit union staff  about making a loan application or complete the online application form. (You must register for an online account to access the online loan application service)

If you’re not already a member, call in for more details on how to apply for membership.

It is the Credit Union’s policy to consider the creditworthiness of each loan applicant.  The general factors used for establishing creditworthiness include:

1. Income: The applicant’s income must be sufficient to repay the loan according to its term.
2. Debt Repayments: All monthly debt payments including those for the loan being considered will be taken into account.
3. Credit History: Past credit history with this credit union and other credit grantors.  A credit check with the Irish Credit Bureau will be used to establish any history with other credit grantors.


Where loans reach €5,000, we ask members to recognise that proving ability to pay the loan will necessitate the need to request additional information and paperwork. (Loans from €5,000 will require 2 payslips or other proof of income and loans reaching €10,000 will require 2 payslips or other proof of income and up to date bank statements covering a minimum of three months transactions – to include mortgage/rent & utility payments, and payslips or other proof of income) to facilitate the assessment of the loan and ability to repay.

For loans from €8,000 the member will be required to complete a Declaration of Health Form. (This form is available form a member of staff)

So, whatever you’re borrowing for — a car, home improvements, a special occasion, holiday, school or college fees — Wicklow and District Credit Union Ltd will give you a fair deal.


Loan Protection Insurance is payable on the death of the eligible member, subject to policy terms and conditions.

  • The insurance benefit payable is the amount of the member’s outstanding loan balance.
  • Cover ceases on the member’s 85th birthday.


Loans are Subject to Approval. Terms and Conditions Apply

WARNING – If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.