Credit Union Ethos
As a Not for Profit Financial Co-Operative our services aim to incorporate the Credit Union Motto “Not for Profit, Not for Charity, but for Service” by
- Encouraging thrift
- Creating a source of credit at reasonable interest rates
- Educating members on the wise use of money
- Promoting the welfare of the Credit Union community
Credit Union Philosophy
The philosophy of the Credit Union Movement is grounded in the co-operative values of:
- Equality
- Mutual Self Help
- Equity
“People helping People” is at the cornerstone of this philosophy. By working together through co-operation, people can achieve far more together than individually on their own.
Credit Union Operating Principles
The Credit Union Movement has adopted a common set of Operating Principles based on our Ethos and Philosophy
Credit Union Operating Principles are:
- Open and Voluntary Membership
- Democratic Control
- Limited dividends on equity capital
- Return on savings and deposits
- Return of surplus to members
- Non discrimination in race, religion and politics
- Services to members
- On-going education
- Co-operation among co-operatives
- Social responsibility
Credit Union Links
Killarney Credit Union is affiliated to the Irish League of Credit Union. Visit www.creditunion.ie for more details
We are part of World Council of Credit Unions www.woccu.org
