Monaghan Credit Union 3.41

The Credit Union movement was introduced into Ireland in 1958 by Nora Herilhy with the support of a number of other dedicated pioneers.

Since then, the Credit Union philosophy of mutual self-help has proved very popular, and there are now over 530 Credit Unions affiliated to the Irish league of Credit Unions throughout the country.

In Ireland over 2.9 million members have recognized the value of credit unions, and have savings approaching €11.9 billion with their credit unions. There are over 9,200 active volunteers involved in the movement, and over 3,500 people are employed (ILCU – Jan 2010).