Looking for a loan in 2013 - why not consider Carrick & District Credit Union Ltd

Borrowing in the boom times was a doddle – financial institutions were practically throwing money at you. However, as we all know, times have changed very much - so what do you do now, in the middle of a recession?

Borrowing in the boom times was a doddle – financial institutions were practically throwing money at you. However, as we all know, times have changed very much - so what do you do now, in the middle of a recession?

The good news is that unlike other financial institutions, Carrick on Shannon & District Credit Union Ltd is welcoming new members every day and are still providing loans to its members in the Carrick on Shannon area. So, whatever you’re borrowing for - school or college fees, a car, home improvements, a special occasion etc — the credit union will give you a fair deal.

Information provided by the Irish League of Credit Unions (ILCU) has highlighted the value that is available from credit unions for specialised loan rates. As well as offering a standard personal loan rate to our members, our credit unions also offer specialised rate for student loans etc.

Our student loan rate in particular is very favourable at 0% for a six month period reverting to interest paying account there after. Over the past years the student loan facility at Carrick on Shannon & District Credit Union Ltd has been growing in popularity as it is not only good value but also very flexible.

Whatever you decide, Carrick on Shannon & District Credit Union Ltd will work with you to manage your money carefully through savings and budgeting and if a loan is what you are looking for the credit union, subject to terms and conditions, will structure it around your needs and ability to repay.

Before taking out a loan of any kind, it’s worth taking the time to understand how lending works. That way you can compare the benefits and be aware of the risks. Here are some of things that make a credit union loan different:

There are no hidden fees or transaction charges.

Credit union interest rates are fair and reasonable and capped by law.

Repayments are calculated on your reducing balance, so you pay less interest with each repayment.

Once you are eligible for a credit union loan, repayment terms can be designed around your needs.

Your credit union loan is insured - subject to terms and conditions - at no direct cost to you. Other lenders charge for this.

You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!

Speaking about the new loan campaign Manager Collette Brennan of Carrick on Shannon & District Credit Union Ltd credit union said:

“A loan from Carrick on Shannon & District Credit Union Ltd credit union is just that - a loan, with no gimmicks and no extra costs. You borrow the money and you pay back the loan at the agreed price or faster if you are fortunate enough to be able to do so. The two most important things about a loan are, being able to borrow the money and being able to repay it.

If you want to find out more about getting a loan from Carrick on Shannon & District Credit Union Ltd credit union, it’s as simple as coming in and talking to us. Similarly, if you’re not already a member, call into us for more details on how to apply for membership.”

Benefits of being a member of Carrick on Shannon & District Credit Union Ltd.

• Control over their own finances.

• Open Monday to Friday.

• Loan availability at relatively low rates of interest.

• Members savings guaranteed under the Government Deposit Guarantee Scheme, and through the Savings Protection Scheme (subject to certain limits).

• Loan Protection and Life Savings Insurance at no direct cost to the eligible member.

• The knowledge that their own savings are being used in their own community.

• Involvement in one of Ireland’s most successful financial co-operatives.

• No transaction charges or hidden fees.

• Friendly, confidential and personal service to our members.

• Pay by Standing Order, Online Banking or Payroll Deduction.

• VHI credit unions members discount.

• Axa Home & Car Insurance discount.

• Avail of 6 month interest free student loans.

Carrick on Shannon & District Credit Union Ltd Safe, Strong & Secure

Visit it often – You will always be welcome

Opening Hours: Monday &Friday 10am-5pm. (Open during Lunch)

Tuesday, Wednesday & Thursday 10am- 1pm and 2pm to 5pm (Closed during Lunch)

Tel: 071 9621828 | Email: info@carrickcreditunion.com