Killarney Credit Union is delighted to support the Radio Kerry Christmas Jumper Day in aid of Saint Vincent de Paul. So call in to any of our branches on Friday 11th of December and donate €2.00 towards Svp Christmas appeal.
Killarney Credit Union made a presentation to their art competition winners at an awards night on Friday 20th in Beech Road. . The credit union art competition which has been in existence for the past 32 years through 300 credit union nationally and caters for ages from under 7 to over 18 as well as a special category for those with physical or intellectual disabilities.
Speaking at the event, Pat Delaney Chairman, Killarney Credit Union stated “ We would like to acknowledge the creativity of all those that have submitted work for the competition, indeed we received nearly 500 entries in all. The theme of this year’s competition was Happiness is and it gave great scope for interpretation by artists. The judging for this year’s competition was by Frank Lewis, local artist, who has a keen eye for artistic merit so well done to all our winners” he concluded.
There are 21 national schools in the Killarney Credit Union common bond and 4 secondary schools. The winners represented on the night came from the following schools: Loughguittane, St John Kenmare, Lissivigeen, St Olivers, Firies, Killarney Community College, Kerry Parents and Friends.
The 1st prize winners of each category will attend the presentation and award night of Chapter Level on Saturday 28th November in the Castlemaine Suite, Manor West Hotel.
The winners were:
• Winners Under 7
1st: Sean O Leary – Loughguittane NS
2nd: Grace Thoma – St Johns NS Kenmare
3rd: Caoimhe Horan – Lissivigeen NS
• Winners 8-10 age category
1st: Mia Counihan – Lissivigeen NS
2nd: Oran Daly – Lissivigeen NS
3rd: Ester Green – St Olivers
• Winners 11-13 age category
1st prize: Kerri Ann Hanrahan – Loughguittane National School
2nd prize: Frederique Offereins – St Johns National School
3rd prize: Sarah O Sullivan – Lissivigeen National School
• Winners 14-17
1st prize: Karen O Donoghue – Killarney Community College
• Winner Over 18 adult
1st prize: Breda Daly, Headford, Killarney
• Special Category 8-10 years
1st Prize: Simon Clarke – Firies NS
2nd Prize: Billy Breen – Lissivigeen NS
• Special Category Over 18
1st prize: Katherine Fleming –Kerry Parents & Friends
2nd prize: Tracy Neville, Faha – KPF
3rd prize: James O Shea – Kilgobnat – KPF
TRALEE & KILLARNEY CREDIT UNIONS LAUNCHES PILOT PERSONAL MICRO CREDIT PROJECT
SMALL AFFORDABLE LOANS TO BE MADE AVAILABLE TO THE THOSE ON SOCIAL WELFARE IN NORTH & SOUTH KERRY
SCHEME IS A DRIVE TO COMBAT MONEYLENDERS
17th November 2015
Tralee & Killarney Credit Union has today jointly announced the launch of a new Personal Micro Credit Project (PMC) which will be initially piloted in Tralee and Killarney area and in over 30 other credit unions across the country.
The project will be run in partnership with the Department of Social Protection, the Citizens Information Board, the Social Finance Foundation and An Post and is open to social welfare recipients. Those who would like to avail of this type of loan will need to join Tralee & Killarney Credit Union (if they are not already a member) and sign up for repayments to be made to the loan via the Household Budget Scheme which is run by An Post.
Speaking about the initiative Mark Murphy, CEO, of Killarney Credit Union said:
“We are delighted to take part in this pilot scheme. We are all well aware of the penal interest rates charged by moneylenders, both legal and illegal, in local communities. This pilot scheme will highlight that the credit union is a real option for people who are on social welfare in our area”.
Fintan Ryan, CEO, of Tralee Credit Union added
“The target audience for the scheme are those who are excluded from mainstream credit. Essentially, the aim is to offer small loans to those using or considering using a moneylending service. The project is working to create a realistic offering to counter the ‘convenience and ease’ advantage that moneylenders have in this country. An eligible person can apply for a loan of between €100 and €2,000. This type of loan will be distinct from a standard credit union loan” he concluded.
The Central Bank estimates that about 360,000 (2013 Report on Licensed Moneylending Industry) people are using moneylending services in the Republic of Ireland. This does not take into account those using unlicensed operators. Interest charged on loans from moneylenders can be 290% or even higher. The maximum interest rate which credit unions can charge is 12% (12.68% APR).
Credit unions have been particularly vocal throughout the recession years about the dangers of using moneylending services as in many cases, those who avail of this type of credit are getting trapped in a cycle of debt which is very hard to break free from.
Information on the pilot scheme will be available in Money Advice and Budgeting Services (MABS) and St. Vincent de Paul (SVP) offices which are in the vicinity of the participating credit unions.
Commenting on the initiative, John-Mark McCafferty, Head of Social Justice with the Society of St. Vincent de Paul, said:
“We have been advocating for an alternative to high cost moneylenders for some time and we warmly welcome the leadership shown by credit unions in the pilot to provide this product for people on social welfare who are eligible. We are working with our credit union colleagues locally throughout the pilot sites in order to ensure take-up of the scheme and more affordable credit for the households we assist”.
Notes to Editor
* The Household Budget Scheme operated by An Post is a scheme that helps those getting certain social welfare payments to spread the cost of some household bills over the year. Under the scheme, people who receive certain social welfare payments can pay regular amounts towards various household utility bills by direct deduction from their weekly payment. The customer can choose to have any amount deducted from their weekly payment subject to:
- a weekly minimum of €5 for each utility bill type, and
- the total payment must not exceed 25% of their weekly payment
For the PMC project, it is now being broadened to enable funds to be used to make repayments for a specific type of credit union loan.
The origins of the Personal Micro Credit Project date back to 2013 when discussions took place between the Citizens Information Board, MABS and the Social Finance Foundation (SSF) on the burgeoning moneylending industry in Ireland. A draft report was produced and sent to the Minister for Social Protection recommending that the introduction of a PMC scheme operated by credit unions, as an alternative to the moneylending industry.
A list of participating credit unions is available at https://www.facebook.com/itmakessenseloan
Personal Micro Credit Scheme Information Leaflet
Killarney Credit Union is calling on all young persons in the area to get involved in their local credit union.
The credit union this week launched its Youth Advisory Council which is targeted at individuals aged 16 and 22 and who want play an active part of and participate in their local credit union.
The programme which has been run successfully for a number of years in the credit union allows young people to join a Youth Advisory Council which involves participation in a group led credit union project and meeting with staff, volunteers, board. The Credit Union also provides ongoing training and support for the programme participants during their time on the Youth Advisory Council.
Speaking about the programme, Catherine Coffey, Youth Officer, Killarney Credit Union said “this project has been highly successful within Killarney Credit Union Ltd with benefits for both the young people taking part and the credit union. It is aimed at giving those involved skills such as communication, team work, committee skills to name a few. At the same time the credit union benefits in discovering how to make the credit union more accessible for the future” she concluded.
The time commitment to the Youth Advisory Council is limited to 1-2 monthly meetings and there are no costs associated with participation in the programme.
Mark Murphy, CEO, Killarney Credit Union stated “we want the credit union to be relevant to the youth market, and the YAC is a mechanism whereby we can get feedback from this very important group. We have over 2,000 members who are aged between 16 and 22 years and the YAC is there to develop our services in the future to meet their needs.” he concluded.
Applications for YAC are open for persons aged between 16-22 years. Membership is open to members/non-members of Killarney Credit Union. You can live/work in any of the common bond districts of Killarney, Fossa, Kilcummin, Glenflesk, Beaufort, Kilgarvan, Kenmare, Sneem, Kileentierna, Tuosist and Firies.