Frequently Asked Questions

Have a question? See if it’s answered below in our Frequently Asked Questions.

Membership FAQs

You can become a member if you live, work, or study within our common bond area – check your eligibility on the map here or get in touch with us! You can see a map of the LDCU Common Bond here.

You need to present 1 Form of Identification, 1 Form of Proof of Address an Official Correspondence with your PPS Number. We cannot accept a PPSN Card as proof of PPSN.

To open an account, members lodge €10. The €1.27 affiliation fee is deducted that evening, and a minimum balance of €6.35 must always remain in the account.

A once off joining fee of €1.27 and a yearly affiliation fee of €1.44

Gerneral FAQs

A full overview of our branch opening hours can be found here.

Outside of these hours, you can email reception@lcu.ie and we will respond to your query in due course.

Once you have signed up for Online Banking with Limerick and District Credit Union, you can transfer funds from this account online.

All Limerick and District Credit Union accounts are eligible for free online access. You can register for online access to your account here.

Yes. Your total savings are protected up to the value of €100,000 covered by the Deposit Guarantee Scheme.

Up to €100,000 per member.

Insurance FAQs

  • Loan Protection Insurance
  • Life Savings Insurance
  • Death Benefit Insurance

More information is available on our Insurances page.

Current Account FAQs

It is a full-service account that allows you to access a range of facilities, such as receiving your salary, paying bills setting up direct debits and standing orders to make regular payments. You can operate your account online and using the mobile app.

With Current Account you get a dedicated IBAN (International Bank Account Number). You also get a Visa Debit Card with Contactless payments which allows you instant access to your money so you can make a payment or withdraw money whenever or wherever you need.

You can open a Current Account in your sole name or in joint names with another person if you are a member of the Credit Union.

If you are registered online with your credit union, you can open a Current Account in your sole name online. Simply click here.

If you are not registered online or wish to open a joint account, you will both need to drop into your credit union office.

Proof of Identity (A valid Passport or Drivers licence (Provisional or Full).) and Proof of Address dated in the last 6 months.

Yes, once you are registered online you can:

  • View your balance & account transactions
  • Transfer money within your CU or externally (SEPA)
  • Manage Standing Orders & Direct Debits
  • Download eStatements and recent transaction reports

You will automatically receive an eStatement for free on your Current Account every quarter, in April, July, October and January. If you have opted to receive quarterly paper statements, a charge of €2.50 will apply.

You also have the option to request a paper statement for a fee of €2.50 per statement.

Our Current Account has a set monthly maintenance fee of €4. For more information on fees and charges, please see our Fees and Charges.

Online Banking FAQs

Members can fill out the form here to register for online banking. A member of staff may contact you on the telephone number provided to verify your identity and complete the registration process.

Note: Once registration is complete and your online account has been approved you will be issued a PIN via SMS. You will require your Username, PIN and Password to log in.

You can call our office on 061-455831 during office opening hours, and our team will be happy to re-set your password.

Members will not be charged for the service.

Video coming soon.

Video coming soon.

Video coming soon.

Loan FAQs

You can apply for a loan by calling into any of our branches, phoning our friendly and experienced Loans Officers on 061-455831 or, if you have online access, you can apply online or via our App.

For personal applications the following documents are required:

  • Most Recent Payslip
  • Bank account statement for 3 previous months
  • Proof of rent or other liabilities if not evident on your bank statement
  • Statements for your Revolut account if it’s an active account
  • Alternatively, you can use our open banking facilities which allow you to share bank statements with the lending team online which speeds up the process.

If Self-employed/director of a company, you will also need to provide:

  • Most recent set of financial accounts
  • Corresponding notice of assessment / Form 11
  • Tax Clearance Certificate / letter from your accountant confirming tax affairs are up to date
  • Bank account statements for 3 previous months

Straight away! Limerick & District Credit Union welcomes loan applications from our members, regardless of how long they have been a member.

Contrary to popular belief, you do not need to have 25% of the amount you wish to borrow in savings/shares. Each application is dealt with on its own merit. You need to show you have the capacity to make repayments as well as having enough left to live on.

After you submit your form online, there will be a notice highlighting that your loan application is ‘Awaiting Review’. The Loans Team has received all relevant documents – please do not resubmit your application form. If any more information is required, we will be in touch with you, even if the status has changed.

Apply for the amount you need, and the Lending Officer will make their decision based on the information you have supplied. Your loan will be based on your affordability to repay the proposed loan amount. A credit check will also be carried out on the Central Credit Register to ensure you are not over-indebted or have a poor credit history. We will fairly assess your application and always look for reasons to say “Yes.”