Termonfeckin Credit Union

The modern Credit Unionmovement traces its origins to Germany and to Friedrich Willhelm Raiffeisen, the Mayor of a small town in southern Germany, who in 1849 formed societies, which later evolved in to Credit Unions. The purposes of these Credit Unions was to enable people to help themselves in relieving debt and poverty.
A Credit Union is a democratic, financial co-operative owned and controlled by its own members. Each Credit Union is run only to benefit its members, all of whom have something in common - the common bond.
The Credit Unionmovement was introduced into Ireland in 1958 by Nora Herilhy with the support of a number of other dedicated pioneers.
In Ireland 2.9 million members have recognized the value of credit unions, and have savings in excess of €11.9 billion with their credit unions. There are thousands employed in the sector and many more thousands are volunteers involved in the movement.