Question 1

What is Slieve Gullion Credit Union?

Accepted Answer

Slieve Gullion Credit Union is a community-based financial cooperative serving members in Northern Ireland. As a member-owned, not-for-profit organization, it provides savings accounts and affordable loans to residents within its common bond area. The credit union operates on cooperative principles to promote financial wellbeing and provide accessible alternatives to high-cost lending in the local community.

Question 2

When was Slieve Gullion Credit Union founded?

Accepted Answer

[Information not publicly available about the specific founding date]. Like many credit unions in Northern Ireland, Slieve Gullion Credit Union was established to serve a local community by providing accessible financial services based on the cooperative model that first emerged in Derry in 1960.

Question 3

Where is Slieve Gullion Credit Union headquartered?

Accepted Answer

[Information not publicly available about the specific headquarters location]. The credit union serves the Slieve Gullion area in Northern Ireland, taking its name from the prominent mountain and surrounding region.

Question 4

Where does Slieve Gullion Credit Union operate?

Accepted Answer

Slieve Gullion Credit Union operates in the Slieve Gullion region of Northern Ireland. The credit union serves members who live or work within its designated common bond area, which encompasses the communities around the Slieve Gullion mountain area in County Armagh.

Question 5

What services does Slieve Gullion Credit Union offer?

Accepted Answer

Slieve Gullion Credit Union provides savings accounts and personal loans to its members, operating on the cooperative principle where members' savings deposits fund loans to other members. The credit union emphasizes building financial security and providing affordable credit.

Digital services include a mobile app developed by Progress Systems, available on both iOS and Android platforms. Through the app, members can view account balances and transactions, transfer money between credit union accounts and to external bank accounts, pay bills, and upload required documents for loan applications. The app requires a valid, verified mobile phone number and uses secure login with member number, date of birth, and PIN. All external accounts must be pre-registered through online banking before use in the app.

Question 6

What makes Slieve Gullion Credit Union unique?

Accepted Answer

Slieve Gullion Credit Union serves a specific geographic community in Northern Ireland, providing localized financial services with personal attention that larger institutions may not offer. The credit union's name reflects its connection to the Slieve Gullion area, demonstrating strong roots in the local community.

The mobile app provides convenient, 24/7 access to credit union services, allowing members to manage their finances on-the-go while maintaining the security and member-focused values of the cooperative model. As a mutual organization, all surplus is returned to members or invested in improved services.

Question 7

What type of financial institution is Slieve Gullion Credit Union?

Accepted Answer

Slieve Gullion Credit Union is a credit union, a type of financial cooperative regulated under UK financial services legislation applicable to Northern Ireland. As a mutual society, it is owned by its members and operates on a not-for-profit basis.

The credit union is authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and PRA, with registration number NO000063 under Northern Ireland company law. Member deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per member (increased to £120,000 from December 2025), providing the same level of deposit protection as banks and building societies in the United Kingdom.

Slieve Gullion Credit Union

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About Slieve Gullion Credit Union in the United Kingdom