You’ll get friendly and welcoming service from Micheal and the Virginia Credit Union staff.

Virginia Credit Union - a financial institution with personality

Virginia Credit Union has been serving the financial needs of the local community for over 30 years and during that period it has grown from strength to strength. While many credit unions throughout the country have merged into larger entities, VCU has remained independent and standalone and it is this structure that its Board believes is the primary reason for its continuing positive performance.

2021 was another very successful year for VCU.

“We have grown our membership by a further 296 new members and provided €4.7m in new loans to the local community. That's an increase of 18% on the previous year,” according to CEO, Micheal McDermott.

VCU’s primary business is the provision of a safe and secure place for its members to place their hard-earned savings and the provision of a wide range of lending products to allow members to borrow for various reasons. However, it’s not quite as straightforward as VCU strives to be the best in the market at what they do.

“When you walk into VCU, or call on the phone, you will always be greeted in a polite, welcoming, warm and professional manner by a member of staff. We strive to ensure that the member experience is one that will be remembered and talked about positively in the local community and beyond. It is this member experience that results in further business opportunities for VCU. We believe in going the extra mile for all our members and whether you are a child lodging your small weekly savings, a borrower with a requirement for a large loan or a borrower with a requirement for a small loan, you will be treated in the same exceptional manner by all our staff,” enthused Micheal.

Extensive loan book

VCU currently has in excess of €28 million in assets and the loan book continues to grow year on year shown in its 18% increase last year.

“We have a wide range of innovative loan products to suit our member needs and we continually strive to introduce new loan products to our range. We have recently launched our VCU – First Loan to our range which offers a competitive/reduced interest rate for new members who wish to borrow or for existing members who wish to borrow for the first time (terms and conditions apply). Please contact us for further information on our exciting new product and all our other innovative loan products,” stated Micheal.