Magherafelt & District No 3 Credit Union Ltd - Other Services

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The purpose of Credit Unions is to encourage thrift among its members and by saving only a small sum every week, members can quickly accumulate a substantial amount of savings.  Saving regularly also increases borrowing power - loans are available at low cost and with flexible terms.

Magherafelt and District No 3 Credit Union Ltd actively encourages all its members to save regularly - each £1 saved is a "share" - the more shares the greater the dividend (interest) paid back to members at the end of each year.


1 £52 £156 £260
2 £104  £312 £520

Social Security Benefits
Magherafelt & District No. 3 Credit Union Ltd are pleased to be able to offer direct payment of all Social Security Benefits.

If you wish to avail of this service please ask our counter staff for further details.


Magherafelt & District No. 3 Credit Union Ltd are pleased to offer a savings plan to all children attending schools in our local District Council area.

Savings (or shares) are collected every Monday by our staff from the following schools:
Magherafelt Primary School
Magherafelt High School
Bellaghy Primary School
Knockloughrim Primary School
Tobermore Primary School
Kilross Primary School
Woods Primary School
Castledawson Primary School

Desertmartin Primary School

If you want your child to join our school savings scheme please contact us.


Standing Orders
Standing Order forms are available from our office.  Simply complete this (remembering to include your Credit Union account number) and leave in with your bank.