Sligo is one of a selected number of credit unions which are set to launch current accounts in the coming months.
This means they will become a viable alternative to banks for day-to-day financial transactions.
The new account will include a debit card, have an overdraft facility and allow for direct debits to be paid.
Sligo Credit Union is also set to move into a new premise next year -with renovation work underway on the old Clarence building on Wine St.
Manager of Sligo Credit Union Barry O’Flynn says plans for the current account have been in the making for a number years and have now been approved by the Central Bank.