Community Loans

Community Loans

We understand the very real social impact local clubs, societies and other not-for-profit organisations have on our local community and the great work they do on a continuous basis to build a better future for everyone in our community.

In recognising this, Blackrock Credit Union is now accepting applications for Community Loans from community groups within our common bond.

A Community Loan means a loan to a community or voluntary organisation which is established for the express purpose of furthering the social, economic or environmental well-being of individuals within the common bond of Blackrock Credit Union in any of the following areas:

(a) Sport and recreation

(b) Culture and heritage

(c) The arts (within the meaning of the Arts Act 2003)

(d) Health of the community

(e) Youth, welfare, and amenities; and

(f) Natural environment.

In general, these are loans made to community-based organisations such as community-based clubs, associations and groups established for the express purpose of furthering the social, economic or environmental wellbeing of individuals within our common bond. It is a requirement that the majority of the members of the club, association or group will hold the common bond of our credit union in their own right ie live, work or study within the Blackrock Credit Union common bond. For details of the Blackrock Credit Union bond please click here.

Applications for community loans must be accompanied by a comprehensive business plan and credible financial projections covering the term of the proposed loan. We will advise you of all the details of what to include in your plan.

Loan Purposes that can be considered under Community Loans projects include

  • Purchase/renovation/refurbishment of buildings used for community purposes
  • Social projects with a local government/lotto funding guarantee
  • Purchase of fixtures and fittings/equipment for use by a community based organisation
  • Purchase of land for community purposes

When you take out a Community Loan from Blackrock Credit Union, you help us give back to support a variety of community activities including local sports clubs, events and community groups.

Why choose Blackrock Credit Union for your Community Loan

. Very competitive interest rates

. A loan based on your ability to repay

. No hidden fees

. No penalties for early repayment

. Flexible repayment terms

. Free online banking

. Friendly professional staff

. Excellent personalised customer service

Your first step if you’re considering applying for a Community Loan:

Contact Ken Gleeson, the general manager of Blackrock Credit Union to establish whether the group/society falls within the allowable category of borrowers and the purpose of the loan is consistent with the allowable criteria under this policy.

How To Apply for a Community Loan

Use the Community Loan Enquiry form here or call us on 012831034 if you are interested in applying for a Community Loan. We would be delighted to meet with you to chat about your needs, provide further information on Community Loans and proceed with a loan application to Blackrock Credit Union if eligible. We will also advise you what you can afford to borrow and what your potential repayments will be.

Community Loan for Avoca Hockey Club

Blackrock Credit Union recently provided Avoca Hockey Club with a Community Loan.  We supported this local club to fund the design and build of a new hockey pitch. The new high performance, premium, high spec Edel ID Astro hockey pitch is located in Newpark School in Blackrock.  Young and old members alike love the new pitch and we love that we could help a local club to upgrade its facilities with great value financing.


Blackrock Credit Union image promoting Community Loan featuring hockey goal on new Avoca Hockey Club pitchBlackrock Credit Union image promoting Community Loans showing new Avoca hockey pitch expanse






Blackrock Credit Union promoting community loans featuring new Avoca hockey club new pitch


Loans are subject to approval. Terms & Conditions apply.

Please note 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.