Latest News

24 Sep 2022

Junior Savers Week- 26th September

Encouraging and educating young people on the importance of saving.

23 Sep 2022

New PCU sign at Annagh United F.C

Portadown Credit Union are thrilled to see our new sign up at Annagh United F.C

21 Sep 2022

Change in Opening Hours- Saturday 24th September

The office will only be open 9am-10.45am on Saturday 24th September.

21 Sep 2022

PCU Sponsors Annaghmore Running Festival 2021

Portadown Credit Union are delighted to sponsor the Annaghmore Running Festival 2021 which takes place on Saturday 24th September 2021. 

14 Sep 2022

How to Improve your Credit Score

View PCU's tips for improving your credit score.

14 Sep 2022

Credit Union Art Competition 2022

The Credit Union Art Competition is now live. It is open to all and FREE. Deadline is Friday 14th October.

13 Sep 2022

Office Closure: Tuesday 20th September

The office will be closed on Tuesday 20th September 2022.

10 Aug 2022

New PCU sign at Tír na nÓg GFC

Portadown Credit Union are thrilled to see our new sign up at Tír na nÓg GFC

29 Jul 2022

Facebook £200 School Uniform Member Giveaway- Winner

Our Facebook £200 School uniform voucher member winner announced

27 Jul 2022

Portadown Credit Union scores with St. Mary's YCFC

Portadown Credit Union support local football club St. Mary's YCFC by contributing to the funding of their new training kit


Save with your Credit Union

Save with your Credit Union

Portadown Credit Union actively encourages its members to save. Every £1 of savings a member holds, equals a share in the Credit Union. The more shares you hold, the greater the return you receive when the annual dividend is being paid. A member can hold up to £15,000 pounds in their account.

Benefits of Credit Union savings

  • Easy access to your money once it is not used as security against a loan
  • No hidden charges or fees on any transactions
  • Life savings insurance for eligible members (Terms & Conditions apply)
  • Nomination of account proceeds

As of 1st May 2021, Portadown Credit Union have introduced monthly savings limits. These limits are:

Adult accounts£1000 per calendar month
Minor accounts£250 per calendar month

This decision was taken in the best interest of all members of the credit union.

In recent years, Portadown Credit Union has experienced a significant increase in the average level of savings held by individual members. We welcome this display of confidence by our members in our financial strength and commitment to the community.

However, due to the very changed regulatory environment in which credit unions around the country are now operating, there are downsides to such an increase.  Under financial regulations, we must maintain reserves.  Reserves are what protect the credit union from risk.  The credit union’s reserves are taken from the credit union’s yearly surplus.

This can have the effect of depleting the amount available to pay a dividend at year end (please note there is never any guarantee of a dividend or a rebate being paid by the credit union and is always dependent on a number of internal and external factors).  It also reduces the amount we can afford to invest in new services and new technology options that can benefit all of our members.

The Board of Directors has therefore taken the difficult decision to put in place a monthly savings limit on the amount that members can lodge with the credit union.

If you have any questions, please do not hesitate to contact our office.


What is a minor account?

A minor account is an account held by a member of Portadown Credit Union, who is under sixteen years of age. These accounts can be set up from birth and require a parent/guardian as signatory, as well as the minor after the age of seven. A minor account also earns a interest on an annual basis, again at a performance based rate. The maximum amount permitted in a minor account is £5000.


What’s a Dividend?

A Dividend is the same as interest on your savings, but because you are a shareholder in the Credit Union, it’s known as a dividend.

In 2021, members agreed at the Annual General Meeting (AGM) on the dividend and interest rebate to be paid out. To individual members this equated to a dividend return of 0.50% on savings and an interest rebate of 20% on loans.

Are my savings secure?


Credit union members can rest easy in the assurance that their savings are safe. Credit Unions in Ireland, which are affiliated to the Irish League of Credit Unions, are secured in several ways:

  • All officials of credit unions, whether volunteers or staff, must be fidelity bonded.
  • Members savings within certain limits are insured through Life Savings Insurance.
  • All monies received in the credit union are properly recorded and lodged regularly.
  • Full financial statements are prepared and can be examined by members.
  • Annual independently audited returns are lodged with the relevant authority, FCA/PRA.

Financial Services Compensation Scheme

From 31 March 2012, when authorisation and regulation of Portadown Credit Union passed to the Financial Services Authority, our member’s shares became eligible for protection under the Financial Services Compensation Scheme (FSCS).

Your eligible deposits are now protected up to a total of £85,000.00 by the FSCS, the UK’s deposit protection scheme.

The FSCS is a statutory compensation fund at last resort for members of an authorised credit union (or customers of any authorised financial service firm) in the unlikely event that the credit union (or financial service firm) stops trading or is declared in default.

The maximum amount protected under the FSCS is £85,000 per member. Any deposits you hold above the £85,000 limit will not be covered. Further information is available at