About Us

Carnglen Credit Union Ltd was established in 1977 with the amalgamation of Maghera Credit Union and Glenshane Credit Union.

Owned by its members, Carnglen Credit Union is a group of people who save together and lend to each other at a fair and reasonable rate of interest.

Carnglen Credit Union is a local, not for profit financial organisation specialising in providing a safe place for savings and loans in our community. We offer members the chance to have control over their own finances by making their savings work for them.

Credit unions exist only to serve their members- not to profit from them.
Any profit or extra income generated is returned to the members by a dividend and /or is directed to improve services or provide additional services required by the members.

Why not become a member today – Please call in, ring us or click here.

Online Banking

We now have Online Banking available to Members, you can now transfer funds, pay a bill, and check you account balances all from the comfort of your home.

WHAT IS The Credit Union Difference

  • Each credit union is an independent, ‘not-for-profit’ organisation that exists solely for the benefit of its members, not stock markets. Decisions are therefore made at a local level.
  • No matter how much you have saved, all members aged 16 or over, have equal voting rights on issues affecting their credit union.
  • We offer members the chance to have control over their own finances by making their own savings work for them. Carnglen Credit Union is owned by the members — the people who save and borrow with it — people like you.
  • When you become a member and start saving with Carnglen Credit Union you will have access to fair and reasonable rates on savings and loans.
  • Your savings contribute to your credit union’s loan fund. So your savings are helping other members. Members like you.
  • Carnglen Credit Union exists only to serve its members — not to profit from their needs. Surplus income generated is returned to members by way of a dividend and/or is directed to improved or additional services required by the members.

What Services Does Our Credit Union Offer?

We provide important financial services to our local community in a variety of ways.


We provide various loan types such as personal loans and car loans to our members. All profits are used to fund loans for other members.


Most of our members choose to save with our credit union through means such as a monthly direct debit.


We offer supporting services such as insurance to our members.


Our members are entitled to nominate a person to receive their savings in the event of their death. This is done at no extra cost to the member.

Thinking about joining? Give us a call.

Contact us

Latest News

12 May 2022

Updating Records

To comply with the Money Laundering Regulations, Carnglen Credit Union is required to obtain and hold up to date photo identification and proof of residential address for all its members. This information must be kept up to date.

12 Oct 2021

Carnglen Credit Union is ‘Stepping Up’ for Sierra Leone

From 11th-20th October, staff and volunteers from the Irish credit union movement will virtually walk from the Leagues office on Mount Street, Dublin to the Foundations office on Fort Street, Sierra Leone.

29 Sep 2021

The 2021 Credit Union Art Competition

All you have to do is IMAGINE! Carnglen Credit Union is delighted to announce that entries are now open for the 2021 Credit Union Art Competition.

20 Sep 2021

Carnglen Credit Union Launches Junior Savers Week 2021

Carnglen Credit Union is encouraging children in our common bond to start saving with their local credit union! The credit union launches its ‘Junior Savers Week’ this week (September 20th – 26th).

15 Jun 2021

Member Notice

Following due consideration and deliberation, the Board of Directors of Carnglen Credit Union has reluctantly decided to introduce a monthly lodgement cap on shares of £500 per month per member, effective as of 1st May 2021.