About Us
About Us
The Mission of the Credit Union is to promote the financial well being of its members. To achieve this purpose the Credit Union is committed to providing a range of financial products.
The Credit Union Mission Statement
These services will be administered in accordance with sound management practices to maintain the financial strength of the Credit Union.

What is a Credit Union?
A credit union is a group of people, connected by a 'common bond' based on the area they live in, the occupation they work in, or the employer they work for, who save together and lend to each other at a fair and reasonable rate of interest. Credit unions offer members the chance to have control over their own finances by making their own savings work for them. Every credit union is owned by its members — the people who save with it and borrow from it.
Credit unions exist only to serve members — not to profit from their needs. Surplus income generated is returned to the members by way of a dividend and/or is directed to improved or additional services for members. Members' savings are used to fund loans to other credit-worthy members of the credit union. So, the money in a credit union always remains in the local community or 'common bond' that the credit union serves.
Ongoing success of Inishowen
The ongoing success of Inishowen Credit Union Limited is a testament to the community in which we operate: the members, the savers, the borrowers, the volunteers and all those who have supported our organisation down through the years and continue to use our services.
We now have 3 branches, one in Buncrana, one in Carndonagh, and one in Moville.
Currently we have a Board consisting of 9 Directors, 10 committees, and 33 staff, offering a wide range of services including Loans, Savings Accounts, Life Savings Assurance and Loan Protection Insurance

Board of Directors
The Board of Directors are elected by the members at the Annual General Meeting of Inishowen Credit Union. The Board are responsible for the general control, direction and management of the Credit Union. The Board are unpaid volunteers who give their time and commitment to Inishowen Credit Union, furthering the longstanding Credit Union philosophy of people helping people.
| Colm McColgan | (Chairperson) |
| Aeidin McCarter | (Vice-chairperson) |
| Nadean Cavanagh | (Secretary) |
| Paul Brogan | |
| Victoria Coleman | |
| David Doherty | |
| Catherine Gillespie | |
| Brid McGinley | |
| Michael Farren |
Our History
The mission of each Credit Union is to provide specific services to its members, mainly in the areas of savings and loans.
The Mission of the Credit Union is to promote the financial well being of its members. To achieve this purpose the Credit Union is committed to providing a range of financial products supported by the excellent service of a dedicated and professional staff. These services will be administered in accordance with sound management practices to maintain the financial strength of the Credit Union. The Board of Directors, Management and Staff of the Credit Union hereby affirm that the efforts of the Credit Union will be consistently and professionally dedicated to the accomplishment of this mission.
The Credit Union Story
The modern Credit Union movement traces its origins to Germany and to Friedrich Willhelm Raiffeisen, the Mayor of a small town in southern Germany, who in 1849 formed societies, which later evolved into Credit Unions. The purposes of these Credit Unions was to enable people to help themselves in relieving debt and poverty.
A Credit Union is a democratic, financial co-operative owned and controlled by its own members. Each Credit Union is run only to benefit its members, all of whom have something in common - the common bond.
The Credit Union movement was introduced into Ireland in 1958 by Nora Herilhy with the support of a number of other dedicated pioneers.
Since then, the Credit Union philosophy of mutual self-help has proven very popular, and there are now approximately 500 Credit Unions affiliated to the Irish league of Credit Unions, which is an umbrella body representing the vast majority of credit unions in Ireland.
Our Story
Inishowen Credit Union (Carndonagh)was established in 1967.
Buncrana Credit Union Limited was established in 1969 and operated from a rented room on St Marys Road, Buncrana. At that time the Credit Union consisted of 11 Directors, a Credit Committee, a Supervisory Committee and a number of other volunteers. The Credit Union was only open for a few hours each weekend and the directors staffed the office. At the end of the first financial year there were 662 members.
In 2015 Buncrana Credit Union merged with Inishowen Credit Union in Carndonagh to then have over 18,000 members, and our common bond was expanded to include all of the Inishowen peninsula.
Foyle Credit Union in Moville was established in 1990.
In 2021 Buncrana merged with Foyle Credit Union and became Inishowen Credit Union.
The ongoing success of Inishowen Credit Union Limited is a testament to the community in which we operate: the members, the savers, the borrowers, the volunteers and all those who have supported our organisation down through the years and continue to use our services.
We now have 4 branches, one in Buncrana, one in Carndonagh, one in Moville and one in Muff.
Currently we have a Board consisting of 9 Directors, 10 committees, and 33 staff, offering a wide range of services including Loans, Savings Accounts, Life Savings Assurance, Loan Protection Insurance, Quick Lodge, Credit Transfers, Payroll Deduction, Online and Mobile bank
The mission of each Credit Union is to provide specific services to its members, mainly in the areas of savings and loans. The main focus of the Credit Union is to provide those services, rather than to make profits. Any surplus is either reinvested in the credit union to improve services to members or is returned to members by way of an annual dividend and/or interest rebate.
All services are designed by the members with the members needs in mind. There is no distraction by the needs of distant shareholders. All funds stay within the community without any leakage to outside investors or overseas interests.
Values include fairness, equality, dignity, thrift, confidentiality and a concern for community. There is also an interest in building “social capital” (skills and talent in the community to manage local issues) and in generating leadership and development opportunities for members. Surveys show that members appreciate the local, friendly and accessible nature of Credit Unions.
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Finance Manager Opportunity
Inishowen Credit Union Ltd.
September 2026
An Exciting Leadership Opportunity
Are you a driven and ambitious finance professional looking to make a real impact in a purpose-led organisation? Inishowen Credit Union is seeking to recruit an experienced and ambitious Finance Manager to lead the finance function and support the ongoing strategic direction of the Credit Union. This is a rare opportunity to join a progressive, community-focused financial institution at a pivotal stage of its growth - working directly with the CEO and Board to influence strategy, drive performance, and deliver value for members across Inishowen.
About Inishowen Credit Union
Inishowen Credit Union (ICU) is a progressive financial services provider with over 27,000 members and total assets of over €120 million. Our main offices are located across Inishowen in Buncrana, Carndonagh and Moville. Our core purpose is to promote the financial wellbeing of our members, while also helping to develop healthy communities that are socially, economically and environmentally sustainable.
The Role
With the support of a Team, the successful candidate will have responsibility for the day-to-day financial control of the Credit Union, financial reporting and analysis; management of internal controls; compliance and regulatory returns; budgeting; asset, liability and investment management; and oversight of the credit control function.
Working closely with the CEO and the Board, you will help shape the Credit Union’s strategic agenda and drive the business forward to achieve our ambitious growth targets. The successful candidate will embrace the Credit Union’s values while delivering best-practice financial control and reporting.
Salary & Benefits
ICU offers a competitive and comprehensive package commensurate with the seniority of this role including:
- Salary Scale: €60,000-€70,000
- 10% employer pension contributions
- 5 X Death-in-Service benefit
- Annual Tax-Free Bonus
- Enhanced annual leave entitlements
- Flexible Hybrid working
Candidate Requirements
Qualifications & Experience
- A professional accounting qualification is essential (ACA, ACCA, CIMA or CPA is preferred).
- Industry experience in a Finance Management role, ideally in financial services.
- Previous Credit Union or regulated financial services experience is a distinct advantage.
Skills & Competencies
- Strong leadership skills with the ability to motivate and develop a team.
- Strong Excel skills, with a high level of attention to detail and accuracy.
- Ability to plan, forecast, budget, and oversee the implementation of financial strategies.
- Excellent report writing and presentation skills.
Location & Working Arrangements
The primary office location is Buncrana. Some travel across our branch network in Inishowen will be required. We offer a flexible hybrid working arrangement to support a healthy work-life balance.
How to Apply
To apply, please submit your CV and cover letter by email to: recruitment@inishowencu.ie Please clearly state the reference number ICU FM 2026 in the subject line of your email.
Role is subject to Central Bank Fitness & Probity Regime Assessment.
Inishowen Credit Union is an equal opportunities employer.
MEMBER SERVICES OFFICER
Inishowen Credit Union is a large credit union with over 26,000 members across the Inishowen Peninsula and offices in Buncrana, Carndonagh and Moville. We are currently seeking a frontline Member Service Officer to work across our branch network. Reporting to the Operations Manager, the Member Service Officers will be responsible and accountable for providing an excellent service to members.
The Member Services Officers duties will include:
- Acting as a Teller by processing lodgments and withdrawals.
- Dealing with member queries and new member applications.
- Undertaking filing and other general administrative tasks.
- Carrying out back-office processing functions; and
- General administrative duties, including telephone calls.
The successful candidates should possess the following qualifications and skills:
- Leaving Certificate (or equivalent).
- Have at least one years’ experience in a cash handling role.
- Possess excellent communication skills, both written and oral.
- Possess excellent organisational and interpersonal skills.
- Have strong IT application skills, Excel in particular.
- Can work on their own initiative and meet targets and deadlines; and
- Can work independently and in a team.
Credit union experience is an advantage but is not essential.
This is a temporary Full-time contract for one year (includes Saturday working). Successful candidates will be required to work at the various office locations.
A competitive salary and benefit package will be on offer.
If you feel you can meet the requirements of these roles, please submit your C.V to info@inishowencu.ie. C.Vs must be received by ICU via the method stated on the website on or before 2.30pm on Saturday 19th September 2026.
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Inishowen Credit Union Limited is an equal opportunities employer. Further screening criteria may be applied.