Is a Credit Union a Viable Option for Your Main Bank?

In a world where big banks often reign supreme, credit unions can often be overlooked as a legitimate option for individuals and businesses alike. However, across the USA, membership in credit unions has been steadily growing in recent years. For those looking for an alternative banking experience, credit unions can offer personalized service, lower fees, and other benefits that traditional banks don’t always provide. But can you really use a credit union as your main bank? In this article, we’ll explore some of the key advantages and considerations to weigh when deciding whether or not to make the switch to a credit union as your primary financial institution.


Ulster Bank has closed its doors after 187 years, leaving Irish consumers with limited banking options. Only Bank of Ireland, AIB and Permanent TSB remain in the market, offering minimal competition in a market of five million people. There are also online fintechs like Revolut and N26 grabbing Irish economic attention, but people are apprehensive about using them as their main banks. Credit unions offer services including current accounts, overdraft facilities, and loans, however, they have limitations on how much savings members can hold. The Credit Union Amendment Bill is currently going through the Oireachtas, aiming to make credit unions more attractive to potential customers.


In conclusion, credit unions offer many benefits to their members, including lower fees, better interest rates, and personalized customer service. While there are limitations to using a credit union as your main bank, such as limited physical locations and ATM networks, these can be overcome by using online banking and shared ATM networks. Overall, if you value community, personalized service, and financial stability, a credit union may be the right choice for you. So don’t hesitate to research and explore the many options available to you and make an informed decision on whether a credit union is the right fit for your banking needs.