Cloughfern Credit Union

Cloughfern Community Credit Union began operating as a Credit Union in 1990 following a successful examination by the Registrar from the Department of trade and industry. The initial Board of Directors consisted of 22 people both male and female but due to resignations and deaths now stands at 12.

One of the early successes of Cloughfern Credit Union was the development of its own computer software programme developed by one of its Directors Ray Perry. The programme was so successful that it was distributed widely accross Northern Ireland.

Another major success came in 1994 when, with the help of a grant from the Belfast Action Teams working within the ‘Making Belfast Work’ programme, the credit union was able to purchase and erect its own office building on its current site.

The Credit Union has grown rapidly over the years and due to demand has opened sub-offices in Monkstown and Ballyclare where it operates on Saturday mornings. Due to the success of our Junior Member Accounts, the credit union is considering expanding these accounts into local schools. It is hoped to do this in the near future with the help of The Ulster Federation of Credit Unions which Cloughfern is an affiliated member of.

Want to find out more?

Visit the Cloughfern Credit Union website, or get in touch with their team:

Telephone – 028 90365851

Email –

Copyright British Credit Union Historical Society 2018 – All rights reserved

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