Our Values & Priciples

Our Core Values represent the principles and standards of behavior that under pin our
operations.

Core Values

What Our Core Values Represent

Our Core Values represent the principles and standards of behavior that underpin our operations. Implicit in our values is our support for and adherence to the Co-operative Principles and the principles of good corporate governance. The eight (8) core principles that guide credit unions as follows:

  1.  
Voluntary and Open Membership

Cooperatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership. Cooperatives are democratic organisations controlled by their members, who, where applicable, actively participate in setting their policies and making decisions. 

Non - Discrimination

Credit unions are non-discriminatory on all grounds, including but not limited to gender, social, racial, political, or religious discrimination. 

Distribution to Members

To encourage thrift through savings and thus to provide loans and other services, a fair rate of interest is paid on savings and deposits.. The surplus arising out of the operations of the credit union after covering the cost of finance, operating costs, provisions for loan losses, and ensuring appropriate capital reserve levels, belongs to and benefits all members with no member or group of members benefiting to the detriment of others. 

Service to Members

Credit union services are directed to improve the economic and social well-being of all members.

Building Financial Stability


A prime concern of the credit union is to build the financial strength, including adequate reserves and internal controls that will ensure continued service to membership.

Ongoing Education

Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their cooperatives. They inform the public and opinion leaders – particularly young people – about the nature and benefits of cooperation.

Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional, and international structures.

Social Responsibility

Cooperatives work for the sustainable development of their communities through policies approved by their members that should additionally promote social responsibility and member education on cooperative and financial issues. The board should ensure that these cooperative principles are incorporated into governance policies and practices.

Democratic Control

Cooperatives are democratic organisations controlled by their members, who, where applicable,
actively participate in setting their policies and making decisions. Men and women serving as
elected representatives are accountable to the membership. In primary cooperatives members
have equal voting rights (one member, one vote).

To learn more about us go to our About Us page:

St. Patrick's Co-Operative Credit Union Christmas Club Notice

Members of the St. Patrick's Co-Operative Credit Union Ltd are asked to note that the current Christmas Club savings program closes on Wednesday November 3Oth, 2022, and payments will begin on Monday December 5th, 2022.
Members are also asked to note that the new Christmas Club savings program will open from Thursday December 1st, 2022.
All members and potential members are asked to note that the business hours of the Credit Union are:
8:00am - 3:00pm Monday, Tuesday, Thursday and Friday
8:00am - 2:00pm Wednesday
Thank you for your usual kind co-operation.

Dated the 25th day of November 2022.

PETER D.A. QUEELEY

GENERAL MANAGER