New stuff at a glance

It can be hard to keep track of changes. Here are a number of changes that have been introduced at the credit union over the past couple of years:

• XMAS Deposit Accounts - These allow members to save into a special deposit account. This account is not linked to insurance entitlements and does not act as security for your loan. They are designed for Christmas savings but funds can be withdrawn at any time. A short application form must be completed to set up a new account and the standard payroll form can be updated with the new deduction. The interest rate is .10% currently.

• New insurance forms at loan application time - A separate (blue) insurance form must be completed with each loan application form. These are available from the office or can be downloaded from the Member Account Login.

• Third level education prize draw - A draw for three prizes of €1,500 will be held on 15 September. Entrants to the draw must be a member of the credit union in their own right and must be able to prove that they have been accepted into a full time, third level course.

• Electronic funds transfer - This allows the credit union to transfer loan funds and share withdrawals directly into member bank accounts. It also allows members to use online banking from this web site to transfer funds from their shares of up to €1,000 per day. Members accounts now have a BIC and IBAN code to allow members to transfer funds directly into their credit union accounts.