Study finds credit unions are most respected provider of financial services

Study finds credit unions are most respected provider of financial services

Blackrock Credit Union, and its sister credit unions, have been named the highest regarded organisations providing financial services in Ireland. Credit unions topped the financial services category in the Ireland RepTrak® 2019 study. With a score of 80.3, they were far ahead of the average score of 59.0 in the sector.

Credit unions were also ranked number two out of 100 companies in the overall study, which measured the level of trust, respect, admiration and esteem for 100 of the most important organisations in Ireland. Bord Bia was in first place with the IRFU in third place in the overall survey.
Speaking about the achievement, Conn Collins, Manager Blackrock Credit Union, said “We are proud to be part of a movement that is regarded so highly across the country. Our dedicated staff and volunteers genuinely care about what our members want, and this is why we have consistently tailored our services and products to our members’ specific needs. In fact we have just launched a new, first time borrower loan at only 6%. We want to welcome back members who have not borrowed with us for some time and to introduce new members to the benefits of a loan with Blackrock Credit Union."

The Ireland RepTrak® 2019 study is based on the perceptions of over 7,000 members of the public gathered during January and February 2019. Organisations were ranked on a Reputation Pulse score from 0-100. The study found that credit unions were ranked very highly for willingness to welcome people into their community.

Mr Collins continued “Since first opening our doors in 1970, we have forged a strong bond with our members and indeed the wider community. I would encourage anyone in the community who feels they could benefit from affordable and straightforward credit, or any of the many services we offer, to drop in for a chat and find out how we can be of help.”