What can you expect from your Credit Union
Our aim is to provide our members with the best member experience through individual attention in a safe, empathic environment.
We want to help you, our member, to save and borrow for your future.
We are committed to providing you with clear information on products that meet your needs.
We will always endeavour to put ourselves in “our Members shoes” to make sure we are providing the best possible experience.
Safe, Strong & Secure
Gurranabraher Credit Union was founded in 1963 in the basement of the Church of the Ascension Gurranabraher. From small beginnings Gurranabraher Credit Union has grown to a current membership of 15,000 members.
Gurranabraher Credit Union has grown over the years to an asset size of €97 million in September 2017. Over the 10 years since 2008 Gurranabraher has generated a surplus of over €16 million, and Gurranabraher Credit Union has distributed just over €10 million of this surplus back to the members in this period in the form of dividends and interest rebates.
Gurranabraher Credit Union also has a very strong capital base. Gurranabraher Credit Union maintains the required 10% regulatory reserve, and in addition has prudently accumulated an additional €8 million, or over 8%, in additional reserves. Gurranabraher Credit Union now has a very strong overall capital level of 18.27 % in total reserves, with a value of €17.75 million.
Gurranabraher Credit Union operates from two modern premises on Bakers Road in Gurranabraher and Harbour View Road in Knocknaheeny. In addition, members can access their accounts 24/7 via our internet banking facilities and on their smart phones. All member accounts at Gurranabraher Credit Union are IBAN enabled which allows members to utilise extensive electronic payment services such as receiving wages and state payments and making electronic payments. Members can access their accounts and transact online at www.gcul.ie
Gurranabraher Credit Union operates an extensive community sponsorship programme which provides support to many local clubs, societies, individuals and schools in the local community. Gurranabraher Credit Union has provided €0.5 million in sponsorship support to the local community in the last 10 years. Gurranabraher Credit Union is very proud of the role it plays in supporting the local community and sees this programme as an integral part of the Credit Unions role in the local community.
Thank you for choosing Gurranabraher Credit Union to be your trusted financial partner. Together, as a cooperative, we can make a difference in the lives of our families and the health of our communities.
More than 50 years in the making.
Your Credit Union in Gurranabraher has been a trusted neighbour and the financial partner of choice for our members since 1963. With all that has evolved since our founding, one thing remains constant – our central focus is our members and the communities in which we serve.
Join us for a nostalgic look at notable milestones
- 1963 – Founded in basement of the Church of Ascension. Those present included Mr. Sylvester Murphy Snr, Mr. Sylvester Murphy Jnr, Mr. Jerry Nagle, Mr Denis Burke, Mr Denis O Sullivan, Mr. Denis Murphy, Mr. Paddy Ford, Mr. Jim Hessey, Mr. Jerry Maloney, Mr. Michael Maloney, Mr. Hugh McCarthy & Mr. Michael Baldwin
- 1970 – Moved to current address in Bakers Road
- 1988 – First computerisation of member accounts
- 1992 – To accommode the increase in services, new building completed on Bakers Road
- 2006 – Building upgraded again improve services to members
- 2007 – Knocknaheeny/Hollyhill Office opened
- 2009 – First Electronic Payments processed
- 2013 – Celebrated 50th Anniversary
- 2014 – Upgraded IT System
We thank our members for joining us on this journey and we look forward to serving you for generations to come!
To provide a friendly, courteous and complete financial service at competitive rates to our members for the overall benefit of our community, and to promote best practice in everything we do.
Our vision is to be the most preferred and trusted financial services provider in Cork.
Why Gurranabraher Credit Union is different than a bank.
The terms ‘credit unions’ and ‘banks’ are often used interchangeably. Although both are financial institutions, there are unique differences between the two.
The credit union motto is “Not for Profit – Not for Charity – but for service” and this philosophy extends to the communities in which credit unions operate. Credit unions and their employees get involved in community charitable activities by donating money, time and resources.
Not for Profit
Credit unions exist to help people, not make a profit. They are not-for-profit cooperatives, owned by the members who save and borrow there. Credit unions are an economic democracy with each credit union member having equal ownership and one vote, regardless of how much money a member has on deposit. At a credit union, every account holder is both a member and an owner.
Banks are community, regional, or national for-profit business corporations owned by private investors and governed by a board of directors chosen by stockholders. Credit unions seek to promote the financial well-being of their members through a system that is cooperative and volunteer directed. Unlike banks, they do not pay stockholders. Instead, earnings are returned to members in the form of dividends or interest rebates if approved by the Credit Unions board of directors. Each credit union is governed by a volunteer board of directors, elected by and from the credit union’s membership.
Membership is available to people who live, work, or attend school in the common bond of the Credit Union. Gurranabraher Credit Union is community based which means if you live, work, attend school or do business in Gurranabraher, Hollyhill, Knocknaheeny, Shanakiel & Sundays Well area – you are eligible for membership.
Mon 9:30am – 5:00pm
Tues 9:30am – 5:00pm
Wed 9:30am – 5:00pm
Thurs 9:30am – 5:00pm
Fri 9:30am – 5:00pm(Open until 7 for New Loan Applications)
Sat 9:30am – 1:00pm
Wed 9:30am – 1:00pm | 2:00pm – 5:00pm
Thurs 9:30am – 1:00pm | 2:00pm – 5:00pm
Fri 9:30am – 1:00pm | 2:00pm – 5:00pm
Sat 9:30am – 1:00pm
Volunteering at the Credit Union
The Credit Union spirit of co-operation and community development is perhaps best demonstrated through the incredible contributions of thousands of volunteers at director, committee and local Credit Union level, who selflessly give their time and energy to the Credit Union movement. Gurranabraher Credit Union exists for the benefits of its members.
It is staffed by members for members. We rely a great deal on the services of our valued volunteers who commit tirelessly to the success and sustainability of our Credit Union. These volunteers sit on the various Committees and our Board of Directors, so they are fundamental to our past, present and future. An individual can develop both personally and professionally by volunteering. The benefits of Credit Union volunteering include:
- Gaining skills and experience with a professional financial service provider
- Education and training
- Personal development
- Meet new people from the community
- Work on developmental and business projects
- Give something back to the community
Finance, information technology, management and communications skills are particularly welcome. However, any ability to make a contribution is appreciated. There are policies and training in place to support volunteers in their roles. In addition to the induction training programme for all new volunteers, ongoing training is available and people are encouraged to develop various skills. Credit Union committees offer an excellent starting point for new volunteers. These committees provide experience, learning and an active role within the credit union. Once a volunteer has served the Credit Union at committee level for a period of time, and training needs have been identified and addressed, you can move into a director or supervisor position.
The Credit Union reserves the right to refuse a person as a volunteer and where appropriate will give a reason for that refusal as Gurranabraher Credit Union is bound by the standards of Fitness & Probity, issued by the Central Bank of Ireland.
Talk to us and find out what your potential contribution could be. We need people like you!
Apply online today, or phoning 021 4303394.
People helping people
Being part of this community, we understand the unique challenges our people face and we remain ready to support our community through ongoing sponsorship of local charities and organisations.
How to request sponsorship
- Complete our online application or download an application form and submit completed form
- The Community Development Committee will review your application
- A decision will be communicated to your group
- Payment will be made by EFT to either your Credit Union Account or financial institution of your choice (BIC & IBAN required)
Please note only completed sponsorship requests form active Credit Union Members will be considered. Sponsorship request packages may be submitted in person at any of our branches, via our online application process or to email@example.com, or via mail to:
Gurranabraher Credit Union
We welcome inquiries from the media and are happy to provide additional information, visits, and interviews with our knowledgeable and experienced staff for news articles.
Gurranabraher Credit Union
Phone: 021 4330394
A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. Data collection, processing and use are conducted solely for the purpose of carrying out the abovementioned objectives.
These Privacy Notices provide you with information regarding the processing of information about you for account related purposes and other general purposes. If you apply for a loan with us, you will be provided with our Lending Privacy Notice to take account of further processing that may be necessary. For clarity we have broken down our Privacy not into 3 clear sections
- Privacy Notice of Gurranabraher Credit Union Limited – General
- Privacy Notice of Gurranabraher Credit Union Limited – Lending
- Account Opening Privacy Notice of Gurranabraher Credit Union Limited
Please click on any of the links above to view the appropriate section
Our contact details are:
Address: Gurranabraher Credit Union Ltd, Bakers Road, Cork T23 AW26
Phone: 021 4303394
Data Protection Officer: Data Protection Officer, Gurranabraher Credit Union Ltd, Bakers Road, Cork. Email: firstname.lastname@example.org & mark for the attention of Data Protection Officer.
Gurranabraher Credit Union is committed to protecting the privacy and security of your personal information. This privacy notice describes how we collect and use personal data about you during and after your relationship with us.