Latest News

05 Dec 2023


20 Nov 2023

Annual Statements

Information on when you can expect to receive your annual statements.

20 Nov 2023

AGM 2023

Information on Armagh Credit Union's AGM from our President.

09 Oct 2023

Art Competition

02 Oct 2023

September 2023 - £1 million in loans

We are thrilled to announce that during the month of September we have paid out over £1 million in loans!

01 Aug 2023

New £50,000.00 Loans

Loans available up to £50,000 with new competitive interest rates now in place! Call in branch or call us for more info!


Armagh Credit Union will consider loan applications from members for any provident and productive purpose. Each application is treated in the utmost confidence and will be considered on its own merits. It is credit union policy to meet the borrowing requirements of as many members as possible, depending on the available funds.

Applications for loans are made on a standard loan application form. Loans can be applied for by calling to our office, by telephone or via the members section of the web site. Our staff will give you any assistance required. Loans will then be considered by a Loan Officer, or will go to the weekly Credit Committee meeting.

Our Loans at a glance



Borrow from £100 to £50,000.00

Our Standard Loan

  • Current Rate is 12.68% with loans from £100 to £15,000.00
  • Min Term 12 months & Max term 60 months

New Rates for Loans between £15001 and £30000

  • New Lower Rate off 10.42% with Loans £15001 to £30000
  • Min Term 12 months & Max term 60 months

Also Loans between £ 30001  and £50000

  • Even Lower Rate of 9.38% with Loans  £30001 to £50000
  • Min Term 12 months to Max term 120 months

Why Borrow:

  • If you've had trouble in the past that doesn't necessarily stop you getting a loan
  • Interest rate is fixed and your repayments won't vary
  • More competitive interest rates than a payday loan or doorstep lender
  • Repayments to suit you - weekly or monthly
  • No application fees or early repayment charges
Also loan calculator needs amended to the new rates and
Planning and Managing Repayments

Armagh Credit Union is flexible with regard to repayment plans, though there are some legal limitations to length and amount of loans. Our member will be advised on the best repayment plan to meet their own circumstances. Members are generally advised to repay a loan in as short a time as possible. 5 years is currently the maximum loan term. Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to Armagh Credit Union, which will treat the matter sympathetically and in total confidence. Depending on circumstances, the loan will be renegotiated if possible.

There are no penalties associated with clearing your loan quicker than agreed.

Interest on credit union loans

By law credit unions cannot charge any more than 1% per month on the reducing balance of a loan. This represents an interest rate of 12.68% APR (Annual Percentage Rate). Credit unions do not charge fees or transaction charges. Armagh Credit Union is currently offering competitive rates. View our loan calculator to see how reasonable a credit union loan could be. We also have regular promotional rates of interest. Since the interest is charged only on the outstanding balance of the loan, you will pay even less if you repay in a shorter time than planned.

What you need when applying for a loan

In deciding whether or not to grant the loan the loan officer or credit committee will take into account the members record of savings and loan repayments, as well as ability to repay. Depending on Loan type you may be asked for Bank Statements/Accounts and we also run a credit check on our members.  Depending on circumstances a Guarantor may also be required. Once the loan is granted the member will be asked to complete a promissory note, which is a legally binding document being a promise to repay the loan, and to commit to regular repayments.

Remember - only members are eligible to receive loans from Armagh credit union.

Try out our quick and easy loan calculator below

12.68% APR








This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.