About Us
Our Story
Run by the community, for the community
Founded in 1991 the Credit Union was formed by a group of local residents who felt that the time was right to offer savings schemes and low cost loans facilities to the local community.
Who We Are
Benburb Credit Union was formed on 21/02/1990 in Benburb Orange Hall and Killyman Credit Union was formed on 04/10/1990 in Killyman Orange Hall.
In 1992 we became a proper credit union authorised by the Registrar and became a limited company.
At a meeting on 06/04/1991, it was unanimously agreed to amalgamate both Credit Unions and become Benburb & Killyman Districts Credit Union Ltd that we know today. It was also agreed that Moygashel Orange Hall would be used as the central office.
Our current office was officially opened on 14/01/2000.
We are affiliated to the Ulster Federation of Credit Unions who represent our interests with our regulatory bodies such as the Prudential Regulation Authority and the Financial Conduct Authority.
Regulators
In 2012 the responsibility of regulation of credit unions was transferred from the Registrar, here in Northern Ireland, to the Financial Services Authority. The FSA was divided into two departments Financial Conduct Authority (FCA) and Prudential Regulation Authority. (PRA) We have to abide by all the rules that they lay down and furnish them with regular financial reports so they can keep a check on the viability of our business.
Become a Member
Joining the Credit Union is the best decision you could take for your money. Our Credit Union lets people in the community come together to save and borrow money at low rates, and is operated on a not-for-profit basis.
Why not become a member today?
Join Us Now
