GET YOUR FINANCES IN ORDER THIS NEW YEAR
Too much food and wine aren’t the only things causing post -Christmas hangovers in 2015. A recent survey published by the ILCU found that it takes over 8 weeks for consumers to financially recover from overspending at Christmas and certainly many families will be feeling the financial pinch in January 2015. Kenmare Credit Union is advising its members and the public to use the start of the year wisely to get their family finances in order. Whether it’s a review of household budgets, paying off outstanding debt or putting a savings plan in place – Kenmare Credit Union is best placed to help.
A recent survey showed that 51% of consumers expected to borrow money to get through the Christmas 2014 period, with 6% approaching moneylenders to cover these costs. Kenmare Credit Union would like to remind people that they offer fair, competitive loan rates, that are capped by law, which are significantly cheaper than loans from moneylenders. So if this year you are planning to buy a new car, carry out home improvements, take a holiday or are preparing for a special event, Kenmare Credit Union can help make those plans become a reality.
Kenmare Credit Union has been in operation for over 25 yearsand currently has 3,769 members. In 2014, Kenmare Credit Union provided almost €1 million to those in need of small modest loans. The knock on effect for local businesses has been invaluable, and the economic impact for local communities is unquantifiable. The importance of the local credit union cannot be underestimated and the continued availability of local, friendly and accessible financial services is of vital importance in local communities.
Kenmare Credit Union does things differently and provides a safe place for your savings and small modest loans which are the very core of our business. The ethos remains the same today as when credit unions were established over 50 years ago. Despite enormous change, in addition to new and increased regulatory considerations, Kenmare Credit Union remains a vital and accessible provider of essential financial services. As member needs grow, Kenmare Credit Union is very much looking to the future and to providing new, enhanced products and services – things like travel and car insurance offered through CoverU.ie, electronic payment services, direct debits, debit cards, ATMs, student bursaries and specialised loan rates. It is worth checking out what your local credit union has on offer.
Ciara Cronin of Kenmare Credit Union said: The New Year doesn’t have to be fraught with unnecessary financial stress and debt. We are urging members and the public alike to look at their finances, highlight where their money is going, and take those first steps towards effective budgeting and money management. Talk to us and if you are considering a loan and see how Kenmare Credit Union can help before turning to moneylenders. Our credit union pride itself on its innovative people focused approach to loans, savings and other financial services and continue to work for the mutual benefit and general welfare of our members. Our uniqueness lies in our difference to other financial institutions and this can be seen in the way we approach our services and how we deal with our members”
For more information log onto www.kenmarecreditunion.ie or call 064 66 42111.