What Wexford Credit Union does

Wexford Credit Union Ltd is a member-owned cooperative financial institution headquartered at Luke Wadding House, Anne Street, Wexford, Ireland. Founded in 1960 and regulated by the Central Bank of Ireland under the Credit Union Act 1997 (Registration Number 130CU), it operates within a defined common bond covering residents and employees of the Wexford, Glynn, and Barntown parishes. The credit union reports assets exceeding €306 million and a membership of nearly 45,000, positioning it among the larger credit unions in Ireland. It is governed by a volunteer board drawn from the local community and operates on a not-for-profit basis, returning surplus to members through annual dividends and loan interest rebates approved at the AGM.

The core product portfolio comprises five loan products — Personal Loan (9.6% APR 11.00%), Car Loan (7.5% / APR 7.76%), Home Improvement Loan (9.6% / APR 10.03%), Student Loan (4.9% / APR 5.01%), and Community Development Loan (up to €900,000 at 4.9%) — alongside a full-service Current Account with a €5.00 monthly fee, a Visa debit card (transitioned from Mastercard in mid-2026), Apple Pay and Google Pay compatibility, and Visa Secure online authentication. Members receive free Loan Protection Insurance, Life Savings Insurance, and a €2,600 Death Benefit. Service delivery runs through a single physical branch, CU Online+ web banking with 24/7 account access and bill-pay functionality, a mobile app with biometric login, and phone banking. Open Banking integration via CRIF Neos (PSD2 AIS) enables digital financial-data sharing for loan origination without paper statements.

The revenue model is interest-driven, anchored on lending spreads across consumer and community loan books, supplemented by recurring fees from the Current Account (€5/month, €2.50 paper-statement charge), transactional income from foreign exchange commissions through a FEXCO partnership, overdraft interest at 12% variable plus a €25 approval/anniversary fee, and €5 Members Prize Draw entries. Distribution partnerships extend the product surface without capital deployment: JustCover for travel insurance, Allianz for car/home/pet insurance, and Irish Life Financial Services for protection, retirement, savings, and investment reviews. Marketing relies on community engagement — local sponsorships (notably Wexford FC), the Schools Quiz, social media presence on Facebook, Twitter, Instagram, and LinkedIn, and word-of-mouth referrals generated through member satisfaction — with the not-for-profit, community-focused cooperative identity as the primary differentiator against retail banks.

Name

Wexford Credit Union

Legal name

Wexford Credit Union Ltd

Website

https://wexfordcreditunion.ie

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Wexford Credit Union is a member-owned cooperative credit union in County Wexford, Ireland, serving nearly 45,000 members across the Wexford, Glynn, and Barntown parishes with loans, current accounts, digital banking, and insurance under Central Bank of Ireland regulation.

Ownership category

akta.pro rank

Product category

Community Credit Union Banking and Lending

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

akta.pro secondary industries

Home Improvement Personal Loans (Unsecured Installment) (FSAKAAAE), Large Purchase & Lifestyle Personal Loans (Unsecured Installment) (FSAKAAAG)

Keywords

• Community credit union
• Personal lending services
• Current account banking
• Member financial services
• Cooperative savings loans

Headquarters

HQ city

Wexford

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Loan Interest: Interest income from personal loans, car loans, home improvement loans, student loans, and community development loans at competitive rates ranging from 4.9% to 9.6% APR.
2. Current Account Fees: Monthly fee of €5.00 for current account covering unlimited transactions, with additional fees for paper statements (€2.50) and overdraft facilities.
3. Foreign Exchange Services: Commission fees on currency exchange services provided through FEXCO partnership.
4. Dividend and Loan Interest Rebate: Returns profits to members through annual dividend payments and loan interest rebates as approved at AGM.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Wexford Credit Union provides personal loans (personal, car, home improvement, student, community development), a full-service Euro current account with a Visa debit card, savings facilities, and member insurance benefits to its registered members within the Wexford common-bond area. Members are served through a single branch in Wexford, the CU Online+ web platform, a biometric mobile app, and phone services, with Open Banking integration for loan applications.

Product overview

Wexford Credit Union is a not-for-profit, community-focused financial institution offering a comprehensive suite of banking and financial services. The core product portfolio centers on loan products (Personal Loan, Car Loan, Home Improvement Loan, Student Loan, Community Development Loan) and a full-service Current Account with Visa Debit Card. Digital access is provided through CU Online+ (web banking) and a Mobile App with biometric login. The credit union provides member insurance benefits including Death Benefit Insurance, Loan Protection Insurance, and Life Savings Insurance at no extra cost. Additional services include Open Banking (powered by CRIF Neos), travel insurance (JustCover partnership), car/home/pet insurance (Allianz partnership), financial planning (Irish Life Financial Services partnership), foreign exchange (FEXCO partnership), nomination services, and a Members Prize Draw. With assets exceeding €306 million and nearly 45,000 members, Wexford Credit Union is one of Ireland's largest credit unions.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Loan General-purpose unsecured personal loan for members to fund holidays, home upgrades, education costs, or debt consolidation. Maximum €25,000 over a 5-year term, priced at 9.6% per annum (APR 11.00%), with no hidden fees and no early-repayment penalties.
• Car Loan Dedicated vehicle finance product for members purchasing cars. Maximum €40,000 over a 5-year term at 7.5% per annum (APR 7.76%), available to members meeting the credit union's lending criteria.
• Home Improvement Loan Secured-style loan for members funding home renovation and improvement projects. Maximum €75,000 over a 10-year term at 9.6% per annum (APR 10.03%).
• Student Loan Low-interest education loan for parents and students funding third-level education costs, covering full-time and part-time third-level courses, apprenticeships, PLC courses, and student cars. Priced at 4.9% per annum (APR 5.01%), requires minimum €100 in pledged shares; guarantor may be needed for full-time students.
• Community Development Loan Larger-scale loan product for established community or voluntary organisations advancing social, economic, or environmental well-being across sport, recreation, culture, heritage, arts, community health, youth, welfare, amenities, or natural environment. Maximum borrowing €900,000 at 4.9% per annum.
• Current Account Day-to-day Euro transactional current account for members, bundled with a Visa debit card (with Apple Pay, Google Pay, and Google Wallet compatibility), contactless payments, standing orders, direct debits, and access via CU Online+ and the mobile app. Monthly fee €5.00 covers unlimited Euro point-of-sale and contactless transactions, unlimited mobile/online banking, unlimited standing orders and direct debits, and up to five Euro ATM withdrawals per month; overdraft facility available from €200 to €5,000 at 12% variable plus €25 approval/anniversary fee.
• Members Prize Draw Recurring quarterly prize draw open to members at €5 per entry per draw, with the entry fee auto-deducted from the member's savings account. Prizes: 1st €17,500, 2nd €2,500, and five prizes of €500 each (3rd-7th).
• Foreign Exchange (Bureau de Change) Bureau de change service provided in-branch through the FEXCO partnership, offering competitive exchange rates and low commission fees on foreign currency transactions for members, with a minimum of two working days' notice required for larger orders.

Quantifiable outcome

• Death Benefit Insurance of €2,600 paid to assist with funeral expenses
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Wexford FCcoreGTM or Marketing Partner · 1 January 2026Community-focused partnership supporting youth development, grassroots football, and inclusive programmes. Wexford Credit Union sponsors Wexford FC including the Down Syndrome Team, aligning with their community-focused values.
• CRIFcoreTechnology or IntegrationOpen Banking partner providing account information services (AIS) for loan applications. CRIF enables secure connections between member bank accounts and Wexford Credit Union using advanced encryption, secure cloud infrastructure, and multi-factor authentication. CRIF RealTime Ireland Limited is regulated by the Central Bank of Ireland.
• JustCoverminorGTM or Marketing PartnerTravel insurance partner offering simple, affordable travel cover to members. Rated 4.8 on Trustpilot with over 20 years experience. Wexford Credit Union members receive 5% off base price of any travel insurance policy.
• AllianzminorGTM or Marketing PartnerInsurance partner offering car, home, and pet insurance products. Allianz has decades of experience and operates in Ireland for over 100 years, trusted by over 500,000 customers in Ireland.
• Irish Life Financial ServicesminorGTM or Marketing PartnerFinancial planning partner providing protection, retirement, savings, and investment reviews. Irish Life Financial Services is tied to Irish Life Assurance and offers full financial reviews with Qualified Financial Advisers.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• N26: Pan-European digital bank with mobile-first current accounts and consumer credit offerings, active in the Irish market. Targets the same digitally native consumer segment as Wexford CU's mobile app proposition but with a wider European footprint.
• Revolut: UK-headquartered digital challenger bank with a large Irish customer base offering fee-free current accounts, FX, and consumer credit through a mobile-first app. Competes with Wexford CU for younger Irish members seeking low-fee, app-led banking experiences.

Broad incumbents

• Bank of Ireland: Largest Irish retail bank offering current accounts, savings, mortgages and personal loans through a national branch network. Provides the dominant incumbent benchmark for product pricing, digital capability, and branch experience against which Wexford CU competes locally.
• Nationwide Building Society: UK's largest building society, member-owned mutual offering current accounts, savings, mortgages and consumer lending at national scale. Comparable cooperative ownership model to a credit union but at substantially larger scale and broader product scope.
• Allied Irish Banks (AIB): One of Ireland's largest retail and commercial banks with full nationwide branch coverage, current accounts, mortgages, and consumer lending. Much broader geographic and product scope than Wexford CU but competes directly for the same household financial relationships in County Wexford.

Regional players

• Leeds Building Society: UK mutual building society offering savings accounts, mortgages and personal lending to members on a cooperative basis. Comparable mutual/member-owned structure and product mix to Wexford CU, but operating in the UK rather than Irish market.
• Skipton Building Society: UK mutual building society with savings, mortgage and personal lending products held by members on a cooperative basis. Similar mutual governance and consumer lending franchise to Wexford CU, though based in the UK market.

Direct peers

• Permanent TSB: Irish retail bank offering current accounts, savings, mortgages and personal loans to Irish consumers with a community-bank positioning. Closest like-for-like incumbent competitor in the Irish retail deposit and consumer lending market where Wexford CU operates.
• EBS (Educational Building Society): Irish building society (now part of AIB Group) focused on savings accounts, mortgages and personal lending to Irish consumers. Comparable mutual-style retail deposit and consumer credit franchise in the same Irish market as Wexford Credit Union.
• An Post (An Post Money / Financial Services): State-owned postal financial services provider offering current accounts, savings, FX and consumer credit across Ireland through a national branch and post office network. Directly competes with Wexford CU for everyday retail banking members in Ireland.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/WexfordCU
• Facebookfacebook.com/wexfordcreditunion
• LinkedInlinkedin.com/company/wexford-credit-union
• Instagraminstagram.com/wexfordcreditunion

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wexford Credit Union