History of the Credit Union movement
The credit union movement began in Germany in 1847. There are currently over 55,000 credit unions across the globe serving 93 million members in 84 different countries.
The World Council of Credit Unions represents the movement, and supports them in countries across the world. The Irish League of Credit Unions is the Irish member of the world council.
History of Credit Unions in Ireland
Credit unions were introduced to Ireland in 1958. Pioneers introducing the mutual self-help philosophy in credit unions couldn’t have foreseen that today there are nearly 400 active credit unions in the Republic of Ireland.
Over 2.9 million people in Ireland are a member of a credit union in Ireland and, collectively, have close on €11.9 billion in savings. More than 3,500 people are employed by credit unions in Ireland and a further 9,200 people actively volunteer in their community’s credit union.
Blackrock Credit Union was founded in 1970 with 12 members in a premises on Temple Road.