Dundrum Credit Union was founded in March 1966 with assets hardly amounting to £1. Members enrolled from within the parish of Dundrum. The first ever office was a room over the Dundrum Library, where the Credit Union would open for business each Friday night.
Since then, we have moved premises on many occasions, the final move being in 1986, to Pembroke Lodge on the Main Street in Dundrum, where the building stands as a focal point in the village. We also have offices in Knocklyon, Ballinteer and Sandyford.
Dundrum Credit Union is run by a Board of Directors, appointed at the AGM, who oversee all the operations of the Credit Union, and the day-to-day managing is conducted by a team of efficient, dedicated full-time, part-time and volunteer workers.
Now, Dundrum Credit Union has assets of over €100 million and the membership is continuing to grow at a tremendous rate. It stands as a testament to the dedication and work of volunteers, directors, staff and managers over the years who helped to make it what it is today.
Board of Directors 2013/2014
The Credit Union movement began in Germany, back in 1847. There are over 55,000 Credit Unions serving over 93 million members in over 84 different countries.
The Credit Union movement is a complete success story, each one usually parochial-based, or work-based, with a common bond of membership. Starting out as mutual societies, helping people to get out of debt and poverty, they have become a strong force and have developed and prospered greatly.
Credit Unions were introduced to Ireland in 1958, by pioneers such as the late Nora Herlihy. The philosophy of mutual self-help has proven an enormous success; there are now almost 400 credit unions in the Republic of Ireland.
In Ireland over 2.9 million members have recognised the value of credit unions and have savings approaching €11.9 billion. There are over 9,200 active volunteers involved in the movement, and over 3,500 people are employed.