Palmerstown Credit Union is a Community Organisation set up by the people for the people. Our motto is 'Not For Profit, Not for Charity but for Service'. Palmerstown and PCU – A Brief History



Pre-1960:    As a then sleepy village on the outskirts of Dublin, Palmerstown resembles a small rural town in size and facilities. Only a small number of housing estates in existence (Palmerstown Drive and Avenue, Turret Road) among sprawling fields and open countryside.

1960:       Dublin property boom results in building of Manor Park, Manor Road and Culmore Road housing. Average Manor Road prices: £1,700 at a time when average wage was £10 per week.

1962:       Initial phase of houses are occupied; area continues to take shape with advent of Glenmaroon, Culmore, Wheatfield and Glenaulin roads.

1968:       The houses of “New Palmerstown” are completed. As the new community starts to become assimilated into the existing parish of Palmerstown, the need arises to engender a cooperative community spirit among residents old and new, leading to the formation of Palmerstown / Chapelizod Credit Union.

May 3rd, 1968: First meeting of Palmerstown / Chapelizod Credit Union sees caretaker Board set up. Credit Union initially runs out of school kitchen of St Brigid’s Girls School every Friday evening.

June 3rd, 1968:    Credit Union membership already stands at 93, with income from shares and fees totalling £373.

July, 1968: Membership rises to 151. Nine loans to the value of £115 paid out by this stage.

October 3rd, 1969: First permanent base – the bungalow at No.2 Palmerstown Avenue – is purchased from a local solicitor, Mr Grogan, for the sum of £5,500.

October 10th, 1969: Chapelizod branch office opens in temporary settings of Chapelizod National School, again operating on Friday evenings.

October 1999: After 30 years in “the bungalow”, the size and requirements of Palmerstown Credit Union require moving again to bigger, more suitable premises. 48 Manor Road is purchased for £616,000, a cost offset by the sale of 2 Palmerstown Avenue for £350,000.

September 2014: Membership now stands at 8,695, with a share value of just over €30 million and loans to the value of €14.9 million.

Today: At Palmerstown Credit Union, we always ensure our members that we have your best interests at heart, that transactions comply with regulations, and that your information is treated confidentially.

Our overriding principle remains that members of our Common Bond are encouraged to save and borrow wisely in a facility which is totally owned by the members, and whose profits, where possible, are returned to you each year by way of a dividend on your savings.

While maintaining our high levels of customer service, we will continue to implement new services for our members that will enhance your experience with us now, and into the future.