Banbridge Credit Union serves members living within 4 miles of its premises. It was set up in 1969 by a discussion group who met regularly at St. Patrick’s Hall. They wanted to replicate the credit unions in neighbouring towns like Armagh, Newry and Lurgan.
The discussion group invited Jack O’Hare the President of Armagh Credit Union to speak at a meeting in March 1969 and from that meeting a working group was established to study the feasibility of setting up and running a Credit Union in Banbridge, bearing in mind that there would be no paid staff and that all the work would be done by volunteers.
On the 24th May 1969 a public meeting was held and it was agreed unanimously that a Credit Union be formed. Election to the Board of Directors was by secret ballot and the first board of directors were elected. The Credit Union opened for business in June 1969. Banbridge Credit Union grew new premises were acquired and with continued expansion over the years offices were subsequently acquired in different locations. With continued growth it was decided to purchase a green field site and build premises fit for purpose which will hopefully serve Credit union members for generations to come.
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