Clonmel Credit Union
Clonmel Credit Union is a member-owned cooperative financial institution founded in 1962, serving the Tipperary and West Waterford region of Ireland through three branches and a digital banking platform, offering savings, diversified loan products including mortgages, current accounts, and community-focused programs.
- Company typePrivate
- Founded1962
- HeadquartersClonmel, Ireland
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Clonmel Credit Union does
Clonmel Credit Union Ltd is a member-owned cooperative financial institution founded in 1962 and headquartered on Parnell Street in Clonmel, County Tipperary, Ireland. The institution operates three physical branches serving the Tipperary and West Waterford common-bond area: the Clonmel headquarters, a Mullinahone branch on Killaghy Street, and a Fethard branch on Main Street. Its regulated status under the Central Bank of Ireland (Reg No. 14CU) governs its membership eligibility and lending framework.
The core product offering centers on member savings and a diversified loan book spanning consumer, automotive, home improvement, eco, student, agricultural, business, and tax loans, alongside mortgage products and ancillary services including current accounts, foreign exchange, and insurance. The digital infrastructure is built on a third-party platform from Progress Systems, comprising a member-facing online banking portal, iOS and Android mobile applications, an interactive loan calculator, and a debit-card-based online payment system. The end-to-end online loan application enables members to apply and digitally sign for loans without branch interaction. Member-facing community programs include a €12,000 student bursary scheme (six awards of €2,000) and a New Entrant to Farming Award with a €5,000 top prize.
The business model is grounded in cooperative member ownership with no external shareholders. Revenue is generated primarily through net interest income on the loan portfolio, supplemented by transaction fees on current account and debit card activity, commission income from insurance product sales, and foreign exchange margins. Customer acquisition relies on community-led engagement through physical branch presence, local events, educational bursaries, and agricultural awards, rather than paid performance marketing. The institution reports assets or loan portfolio exceeding €100 million as of mid-2026, with growth supported by product line expansion into mortgages and deepening penetration of the agricultural and student segments.
Clonmel Credit Union firmographics
Firmographics- Name
- Clonmel Credit Union
- Legal name
- Clonmel Credit Union Ltd
- Website
- https://clonmelcu.com
- Company type
- Private
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Clonmel Credit Union is a member-owned cooperative financial institution founded in 1962, serving the Tipperary and West Waterford region of Ireland through three branches and a digital banking platform, offering savings, diversified loan products including mortgages, current accounts, and community-focused programs.
- Ownership category
- akta.pro rank
Clonmel Credit Union industry classification
Industry- Product category
- Retail Banking (Credit Union Services)
- NAICS
- Credit Unions (522130), Credit Unions (52213)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
Keywords
Where Clonmel Credit Union is headquartered
LocationHeadquarters
- HQ city
- Clonmel
- HQ country
- Ireland
- HQ region
- Europe
Offices3 records
Markets served
Clonmel Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Loan Interest Income: Interest income from various loan products including standard loans, eco loans, car loans, home improvement loans, agri loans, business loans, student loans, tax loans, share covered loans, and mortgages
- Member Deposits/Savings: Member savings deposits that form the basis of the credit union's lending pool and generate fee income
- Current Account Services: VISA debit card services providing transaction fee income
- Insurance Products: Sale of insurance products to members
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Variable rate loans with repayment flexibility |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Clonmel Credit Union product offering
Product offeringCore offering
Clonmel Credit Union is a member-owned cooperative financial institution that provides savings accounts, current accounts with VISA debit cards, and a broad range of loan products (consumer, agricultural, business, mortgage) to members across Tipperary and West Waterford. Services are delivered through three physical branches combined with an online banking portal, mobile applications, and an end-to-end digital loan origination process built on a Progress Systems platform.
Product overview
Clonmel Credit Union offers a comprehensive suite of financial products and services through a single unified platform. The core offerings include loan products (Eco Loan, Car Loan, Home Improvement Loan, Standard Loan, Share Covered Loan, Home Energy Scheme, Student Loan, Agri Loans, Business Loan, Tax Loan), mortgage products, and banking services (Mobile App, Savings, Current Accounts, Foreign Exchange, Insurance). Digital services include Online Banking and Online Payments accessible via the web platform and mobile application. Additional member services include the Bursaries 2026 educational grant program and the New Entrant to Farming Award. The portfolio is built on a Progress Systems platform and is regulated by the Central Bank of Ireland.
Differentiator
Problem solved
Functional benefit
Products and services
- Standard Loan A general-purpose loan product for credit union members for everyday borrowing needs.
- Car Loan A loan product for purchasing vehicles, available in amounts under and over €20,000.
- Home Improvement Loan A loan product for home improvement projects, available in amounts under and over €25,000.
- Eco Loan A loan product for environmentally friendly purchases or upgrades.
- Home Energy Scheme Loan A loan product for home energy upgrades and energy-efficiency improvements.
- Share Covered Loan A loan secured by the member's shareholdings in the credit union.
- Student Loan A loan product designed to support students with education-related expenses.
- Agri Loan Under €100k A loan product for agricultural purposes with a maximum amount of €100,000.
- Agri Loan Over €100k A loan product for agricultural purposes exceeding €100,000.
- Business Loan A loan product for business purposes and commercial needs.
- Tax Loan A loan product for paying tax obligations.
- Mortgages Mortgage products for purchasing or switching home loans, including a "switch & save" proposition aimed at borrowers leaving non-community lenders.
- Savings Savings account services for members, forming the lending pool for the credit union.
- Current Accounts Current account services providing instant access to funds anywhere VISA is accepted.
- Foreign Exchange Currency exchange services for members.
- Insurance Products Insurance products offered to members, generating commission income.
- Mobile Banking App A mobile banking application for iOS and Android providing account access and management on the go.
- Online Banking Secure online banking platform for members to access and manage their accounts.
- Online Payments Online debit-card payment service allowing members to make payments to their own accounts or transfer to other members. Payments are processed twice daily and not in real time.
Quantifiable outcome
- €100+ Million in assets and growing
- +2 more outcomes
Companies that use Clonmel Credit Union
Customer profileSegments4 records
Ideal customer profiles4 records
Clonmel Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Clonmel Credit Union partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Progress SystemscoreTechnology platform provider for online banking, mobile application, and payment processing systems. Developed the credit union's digital banking infrastructure including member login portal, loan calculator, and online payment functionality.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Clonmel Credit Union competitors and assessment
Company assessmentBroad incumbents
- EBS (Irish Building Society): Irish building society owned by AIB, historically a mutual lender focused on mortgages and savings. Comparable cooperative/mutual heritage and similar mortgage-and-savings-centric product mix.
- Permanent TSB: Irish retail bank offering current accounts, savings, mortgages, and personal loans across Ireland. Larger incumbent competing for the same household banking relationships, but with a national footprint and broader product suite.
- Allied Irish Banks (AIB): One of Ireland's largest retail and commercial banks, offering mortgages, loans, savings, and current accounts nationwide. Competes with Clonmel for member deposits and mortgage/loan customers across Tipperary.
- Bank of Ireland: Major Irish retail bank with full-service consumer and small-business banking. Overlaps with Clonmel on mortgages, savings, current accounts, and small-business lending across Ireland.
Emerging players
- Revolut: Digital-bank challenger operating in Ireland with current accounts, payments, savings, and consumer credit. Emerging competitor targeting the same digitally-engaged members Clonmel serves, with a much stronger technology roadmap.
- N26: European digital bank with an Irish presence offering mobile-first current accounts and lending products. Represents the fintech disruption risk to traditional credit unions' member relationships.
Direct peers
- An Post Credit Union: Ireland's national postal-service-linked credit union offering similar member-owned savings and loan products to a broad Irish member base. Most directly comparable cooperative financial institution operating in the same regulatory environment.
- First Tech Credit Union: One of Ireland's largest credit unions, offering comparable consumer loans, mortgages, savings, and digital banking. Directly comparable business model and product suite within the same Central Bank of Ireland regulatory framework.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Clonmel Credit Union social profiles
Digital presenceClonmel Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clonmel Credit Union leadership team
Management profileNumber of profiles
Clonmel Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clonmel Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clonmel Credit Union
What does Clonmel Credit Union do?
Clonmel Credit Union is a member-owned cooperative financial institution that provides savings accounts, current accounts with VISA debit cards, and a broad range of loan products (consumer, agricultural, business, mortgage) to members across Tipperary and West Waterford. Services are delivered through three physical branches combined with an online banking portal, mobile applications, and an end-to-end digital loan origination process built on a Progress Systems platform.
Is Clonmel Credit Union a public or private company?
Clonmel Credit Union is a private company. It is classified as management employee owned and is currently operating.
When was Clonmel Credit Union founded?
Clonmel Credit Union was founded in 1962. It employs 11 to 50 people.
Where is Clonmel Credit Union based?
Clonmel Credit Union is headquartered in Clonmel, Ireland, in the Europe region.
How does Clonmel Credit Union make money?
Four revenue lines are on record. Loan Interest Income is the primary driver. The others are member Deposits/Savings, current Account Services and insurance Products.
Who are Clonmel Credit Union's main competitors?
Broad incumbents on record are EBS (Irish Building Society), Permanent TSB, Allied Irish Banks (AIB) and Bank of Ireland. Emerging players are Revolut and N26. Direct peers are An Post Credit Union and First Tech Credit Union.
Does Clonmel Credit Union have an API?
No public API is recorded for Clonmel Credit Union.
What industry is Clonmel Credit Union in?
Clonmel Credit Union's product category is Retail Banking (Credit Union Services). Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus). Its NAICS code is 522130 and its SIC code is 6141.