Carrick-on-Suir has the distinction of being the oldest in Chapter Ten of the Irish League of Credit Unions. The Credit Union idea was introduced to the town by Godfrey Fitzsimons, a native of Kells, Co. Meath, who worked as a chemist in the local tannery. A public meeting was called to set up a study group and it was agreed to meet once a week to study in depth all aspects of the Credit Union movement. On March 26, 1962 the members of the study group decided to form themselves into a limited type of credit Union and to familiarise themselves with its workings before opening to the public.
We are a local financial Institution regulated by the Financial Regulator. We exist to serve the financial needs of the people of Carrick-on-Suir and its surrounding areas.
It was decided to call it Carrick on Suir Credit Union. The first night’s savings amounted to £2! Monthly meetings of the committee were held in the tannery canteen. The good news of Credit Unions began to spread and membership expanded. Not only did membership grow but the idea began to spread to the neighbouring towns of Clonmel and Waterford. Expanding membership and business led to a demand for more space. An office was opened in rented premises in Chapel Street and business was carried out two nights per week. This continued until 1964 when a new office was built on Chapel Street using voluntary labour. This office was opened on June 20, 1964.