Killarney Credit Union

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What's happening here at Killarney Credit Union


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Killarney Credit Union


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Kerry Clubs Fair


Killarney Credit Union is delighted to be the main sponsor of the Killarney Lions Club - Kerry Clubs Fair. Are you interested in joining a new club or society, why now come along on the day and sign up. Here are some of the clubs who are signed up for the day. 

Mens shed
First Responders
Lions Club
Tralee Art Club
Laune Mountaineering Club
Kerry Archeological & Historical Society
Killarney Tennis Club
Killarney Camogie Club
Workmans Rowing Club
Macra Na Feirma
Irish Countrywomen Association (ICA)
Killarney Valley Classics and Vintage
Killarney Musical Society
Killarney Badminton Club
Killarney Golf and Fishing Club
Ross Golf Club
Arthritis Ireland Nordic Walking Group Killarney
Team Hope
Kerry Canoe Club (Killorglin)
Killarney Silverbacks (walking)
South Kerry Community Games
Girl Guides
Tidy Towns
Southwest Counselling
Grace Fellowship
Ring of Kerry Cycle
Kerry Volunteer Centre
Kerry Stars
Order of Malta
Killarney Mountain meitheal
4th of July Killarney
St Patricks Day
No Name Club
Rugby Club
Sean Chairde
Muckross ICA
Killarney Cycling Club
Killarney Active Retirement Group

Cultivate - Agri Loan



Credit Union Cultivate loans coming soon

Six Credit Unions in the Kerry/Cork region have come together to develop a new Farm Lending product called Cultivate.
The Credit Unions who are collaborating on this new offering are;
Killarney Credit Union
Listowel Credit Union
Cara Credit Union
Ballincollig Credit Union
Bantry Credit Union
Kanturk Credit Union,
Their new Credit Union farm lending offering will be branded under the name “Cultivate” and the plan is to have it launched in early Spring 2019.
The Credit Union farm lending project is modelled on a pilot initiative by four Credit Unions in County Galway who launched the Cultivate brand. This was followed by a group of five Credit Unions in Clare / West Limerick, a group of four north Cork Credit Unions – Synergy Fermoy, Mallow, Mitchelstown and Youghal and most recently a group of seven Credit Unions in the Midlands. This brings the number of Credit Unions offering Cultivate Farm Loans to 20 in Ireland.
Since its introduction, Cultivate has proved very popular with farmers with over €10m in loans issues to farmers. The Cultivate farm loans are for a wide variety of purposes, everything from working capital, cash flow, farm development, livestock purchase, farm machinery purchase, rural enterprise funding, and start up farm finance.
Credit Unions are a not for profit movement and are all about serving their loyal membership. Credit Unions have been embedded in local communities for over 50 years where all profits go back to support the community and its members, this is one of the key reasons Credit Unions have been consistently rated the number one organisation in customer satisfaction surveys.
The Kerry/Cork group of Credit Unions have identified farming as a sector they wish to serve and offer a definitive package of loans to farmers. Farming is seen as very important sector in the region. In addition to generating income inside the farm gate, farming also is very much the lifeblood of the rural community where every euro earned by farmers has a multiplier effect in the rural economy.
Brendan Heneghan, former Regional Manager with Teagasc, is the project manager of the Cultivate brand. Over the coming weeks, each Credit Union will host a meeting of stakeholders to get the views of farmers and the farming sector on what is important in relation to farm credit.
Brendan said “Going out and consulting with the stakeholders is the first and most important step in the project. The stakeholder group is made up of the farming organisations, Teagasc, Agri business’s, IFAC and other farm accountancy groups, Livestock Marts and the Farm Relief Services” he concluded.
The feedback from the consultation combined with detailed market research will be invaluable in identifying the needs of farmers. Farmers value the face to face relationship and the “personal touch” a credit union has to offer where a farmer can come in and discuss his or her proposal.
The Cultivate farm loan package will offer up to €50,000 loans for a variety of purposes in line with the stakeholder/market research feedback. The term of the loan can be up to 7 years.
Farmers want to deal with people who have a knowledge of agriculture and understand farming. Credit Union farm loan officers will participate in a bespoke 5-day course on Farm and Finance organised by Teagasc in association with Pallaskenry Agricultural college.
Information on Cultivate farm loans can be got from any of the participating Credit Unions.
For further information, please contact:
Pa Laide, CEO, Cara Credit Union

Mark Murphy
CEO, Killarney Credit Union

Denis Dillane
Manager, Listowel Credit Union
087 2464563


Christmas Opening Hours 2018

Here are the 2018 Christmas opening hours for Killarney Credit Union.  Click on a branch name to view the hours for that branch.


Beech Road

Friday 21st December 10.00AM - 7.30PM
Saturday 22nd December 10.00AM - 1.00PM
Sunday 23rd December CLOSED
Monday 24th December CLOSED
Tuesday 25th December CLOSED
Wednesday 26th December CLOSED
Thursday 27th December CLOSED
Friday 28th December 10.00AM - 5.00PM
Saturday 29th December 10.00AM - 1.00PM
Sunday 30th December CLOSED
Monday 31st December 10.00AM - 1.00PM
Tuesday 1st January CLOSED

Park Road

Friday 21st December 10.00AM - 5.00PM
Saturday 22nd December 10.00AM - 1.00PM
Sunday 23rd December CLOSED
Monday 24th December CLOSED
Tuesday 25th December CLOSED
Wednesday 26th December CLOSED
Thursday 27th December CLOSED
Friday 28th December CLOSED
Saturday 29th December CLOSED
Sunday 30th December CLOSED
Monday 31st December CLOSED
Tuesday 1st January CLOSED


Friday 21st December 10.00AM - 7.00PM
Saturday 22nd December CLOSED
Sunday 23rd December CLOSED
Monday 24th December CLOSED
Tuesday 25th December CLOSED
Wednesday 26th December CLOSED
Thursday 27th December CLOSED
Friday 28th December 10.00AM - 5.00PM
Saturday 29th December CLOSED
Sunday 30th December CLOSED
Monday 31st December 10.00AM - 1.00PM
Tuesday 1st January CLOSED


Friday 21st December 10.00AM - 5.00PM
Saturday 22nd December 11.00AM - 1.00PM
Sunday 23rd December CLOSED
Monday 24th December CLOSED
Tuesday 25th December CLOSED
Wednesday 26th December CLOSED
Thursday 27th December CLOSED
Friday 28th December 10.00AM - 5.00PM
Saturday 29th December 11.00AM - 1.00PM
Sunday 30th December CLOSED
Monday 31st December 10.00AM - 1.00PM
Tuesday 1st January CLOSED

Cahersiveen Relaunch Event

Cahersiveen Relaunch Event


Radio Kerry The Afterrnoon Show will broadcast from our Cahersiveen branch on Friday 7th December from 3pm. Meet Santa and our credit union mascot Rua. Win some great prizes such as hampers and gifts and find out about our range of new services. Make sure to call in on the day. 


Art Competition Winners 2018

Under 7 Category
1st: Amerie Peyton Mujeri Holy Cross NS, Killarney 
2ND: Alicja Zeilenska St Johns NS , Kenmare 
3rd: Jack Rice Lissivigeen NS 
8-10 Category
1st: Amelie Counihan Scoil Mhuire, Killarney 
2nd: Clodagh Flanagan Holy Cross NS, Killarney 
3rd: Ella O Sullivan Scoil Breannain, Portmagee 
11-13 Category
1st: Mia Counihan ISK, Killorglin 
2ND: Eva Stack Lissivigeen NS, Killarney 
3rd: Thomas Curran Scoil Bhreannin, Portmagee

14-17 Category
1st: Jonathon O Keefee St Brendans College
2nd: Ailbhe Murphy St Brigids Secondary School 
3rd: Laura McCormick Colaiste na Sceilge, Cahersiveen 
Under 7 Special
1st: Molly Kate White Holy Cross, Killarney
8-10 Special
1st: Oisin Doyle Loughguittane NS 

11-13 Special Category
1st: Ana Cornide St Johns NS, Kenmare 
2nd Mary Kate Crowley Scoil Saidhbhin 
3rd: Jack O Shea St Johns NS

14-17 Special (no entrants)

18+ Special

1st: James O Shea KPF 
2ND: Jimmy O Shea KPF 
3RD: Ger O Mahony KPF 

First place winners who now compete at regional level which takes place on Saturday 1st December 2018 in Manor West Tralee. 

Time for some home improvements

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Now that the evenings are getting darker and colder, it might be time to start looking some home renovations to see you through the winter months. Whether you are planning to replace your roof, insulating your home, building an extension or replacing worn-out floors, talk to Killarney Credit Union about home improvements.
This is the ideal time to start your home renovation projects, as the government backed Home Renovation Incentive Scheme deadline is in December. This scheme offers tax relief for those planning expenditure on repair, renovation or improvement works until the end of 2018. In addition, this year, the SEAI announced a range of home energy grants for home owners.
Helen Courtney Power, Business Development Officer Killarney Credit Union said:“ Now is an opportune time to think about renovating your home with a wide range of government grants on offer. The credit union can help by offering the finance up front to cover the costs of renovation work with a home improvement loan of up to €60,000 over a 10 year term” she concluded.
For more information on The Home Renovation Incentive Scheme please go to Home Energy Grants available from

Members can speak to any of the lending team in the credit union on 064-6613144 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Apply online here 

Credit Union tops the polls

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Credit Unions emerge in top spot for Customer Experience for Fourth Consecutive Year

Credit unions have been voted Number One for Customer Experience in the 2018 CXi Ireland Customer Experience Report, taking the award for the fourth year running. This is the first time, anywhere in the world, that the same organisation has taken the award for four consecutive years. Killarney Credit Union joins 250 other credit unions across the Republic of Ireland in celebrating this outstanding achievement.

The CXi Ireland Report is an annual survey which asks consumers to rate their experiences of 156 brands across 10 different sectors. More than 2,500 customer experiences were evaluated and credit unions again emerged as the overall winners, being rated highest for empathy and for the commitment of their staff.

According to Mark Murphy, CEO from Killarney Credit Union

“We are delighted to receive this award for the fourth consecutive year. It marks the total commitment which our credit union personnel have to serving the needs of our members. Our members understand that all decisions are taken at local level, by people who will take time to understand their needs”.

Credit unions were singled out within the report for the powerful bond forged with members - and the fact that the relationship with members was built completely on trust. Michael Killeen, Chairman of the CX Company said the remarkable success of credit unions was down to the fact that they put their members at the centre of everything they do.

“Trust is at the heart of the relationship and they pride themselves on always acting in their members’ best interests. This is evident in the commitment of their staff and volunteers, who go above and beyond in their interactions with their members. Not surprisingly people rank them highest in scores for Empathy, Time and Effort”, said Michael Killeen.

The 2018 report highlighted the very significant gap which exists between people’s views of the customer experience offered by credit unions compared to the banks. Indeed, the leading bank within the survey was in a lowly 79th position.

Mark from Killarney Credit Union noted that despite the repeated success of credit unions within these awards, the credit union was not resting on its laurels.

“From our interactions with our members, it is clear that they want even more services from the credit union. With more and more of our members choosing to interact with us online, we are working hard to ensure that our excellent member experience also comes through via our online offerings. But our members can rest assured - however they choose to interact with us, there will always be someone on hand to deal with any queries they have. And all decisions within the credit union are made by people who take time to understand members’ needs.”


International Credit Union Day 2018

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Credit Union Difference Celebrated on Historic International Credit Union Day®

Killarney Credit Union joins more than 68,800 credit unions around the world to celebrate the 70th annual International Credit Union Day® (ICU Day) on October 18th next. In addition to being an important anniversary for the global movement, credit unions here are also celebrating 60 successful years of service in Ireland. To mark this significant milestone in Irish credit union history, this year’s ICU Day® celebrations will focus on the unique financial services offered by credit unions.

The celebrations will revolve around the theme of the ‘credit union difference’, putting people at the heart of everything we do, which has endured for the past six decades in Ireland. All credit unions remain not-for-profit institutions that operate independently. All credit union decisions on services, products and the future direction of the organisation are made at a local level, and in the best interest of the local membership. Credit unions remain a trusted and reliable provider of affordable credit in the communities they serve.

To mark the occasion, Killarney Credit Union will host a Member’s Appreciation Day in its branches with sweets, treats and gifts for members who call into any of Killarney Credit Union four branches in South Kerry.

Speaking about the activities to mark ICU Day® Mark Murphy, CEO at Killarney Credit Union said: “This year we are delighted to mark the occasion with an expansion of our services to the members in the Cahersiveen area. We would like to thank members for their patience and loyalty while we roll out our new IT system and additional functions in the Cahersiveen branch” he concluded.

Killarney Credit Union has been proudly serving the communities in the South Kerry area for nearly 40 years. Killarney Credit Union has an expanded membership of 32,000 and looks forward to the coming financial year supporting the lending needs of the members in South Kerry.

Worldwide, 68,882 credit unions in 109 countries serve 231 million members. There are 3.6 million credit union members across the island of Ireland alone, which is one of the highest number of members per head of population. In Ireland, as in other countries, credit unions with their not-for-profit and member-first ethos provide effective and viable alternatives to financial institutions which operate for profit. ICU Day® has been celebrated annually since 1948, and is traditionally marked on the third Thursday in October.

Third Level Bursary Award Winners 2018

€4,000 giveaway in Third Level Educational Bursary Award Scheme

For immediate release
6th October 2018
Killarney Credit Union made a cheque presentation to the lucky winners of the Third Level Educational Bursary Award at a function at in the Beech Road office on Saturday 6th October.
The winners of the bursary were Mary Murphy, Paul Murphy, Emily Cronin and Andrew Law Braney who each received an award for €1,000.00 each.
Speaking about the awards, Joy Clifford Vaughan, Youth Officer, Killarney Credit Union stated “This year, we had the highest amount of applicants for our Third Level Bursary Award. In light of the increasing costs of attending third level, we are delighted to support these first year students as they begin their academic journey and also wish all those that applied continued success in their studies”.
70 applications were received for the awards and applications were open for those who are attending third level for the first time and members of Killarney Credit Union.
The winning students were Mary Murphy from Kilcummin who is studying education at Mary Immaculate College, Paul Myers from Barleymount who is studying Computer Science in CIT, Emily Cronin from Sheheree, Killarney who is studying Business in University of Limerick and Andrew Law Braney from Kenmare who is studying Art in Limerick School of Art and Design
“Supporting education is very important to us in the credit union and we have given out €20,000 to date to students attending third level through our involvement in the bursary award” stated Pat Sheehan, Chairman, Killarney Credit Union.


Credit Union Bursary 2018 2

Andrew Law-Braney, Paul Myers, Mary Murphy and Emily Cronin, recipients of the Killarney Credit Union Third Level Bursary Award 2018, with Pat Sheehan,(Chairman, Killarney Credit Union) and Joy Clifford-Vaughan (Youth Development Officer, Killarney Credit

Caherciveen Credit Union Merger

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Local credit unions to merge


The Boards of Killarney Credit Union and Caherciveen Credit Unions are pleased to announce that the two credit unions are planning to merge. Caherciveen Credit will undertake a “transfer of engagements” and become part of Killarney Credit Union. By combining resources the merged credit unions will have assets of over €140 million, savings of €123 million and combined reserves of under €17 million. The merger is expected to be completed at the end of September, subject to final approval from the Central Bank of Ireland.

Members will be unaffected by this process and can continue to do business as normal with their credit union. This ‘transfer of engagements’ is a welcome development for both credit unions which will now focus on providing enhanced member services in their local communities.

The credit union offices will remain open and fully operational and savings at both credit unions remain protected by the Government’s Deposit Guarantee Scheme of up to €100,000 per depositor.

The decision was taken for the credit unions to come together in order to improve efficiency for members of both credit unions, and so that the credit unions can work together to grow and meet the increasing demands of members for a wider range and depth of services.

The credit union in Caherciveen Credit Union will now operate under a branch network structure with its head office located in Beech Road, Killarney.

The credit unions will also be able to work together to manage regulatory requirements with the main objective of enhancing service provision, and will continue to lead the way in the provision of loans, savings and budgeting services and accessible, friendly financial services in the local areas of South Kerry.

Speaking about the ‘transfer of engagements’, Mark Murphy, CEO of Killarney Credit Union said “Both credit unions recognise and appreciate the loyalty and support of their members. For this we would like to thank our members and assure them that together, and with their continued loyalty, we will continue to make a positive difference. The merging of Killarney and Caherciveen Credit Unions will strengthen the service offering in both locations. We are taking decisions now which will result in enhanced products and services to our members, and we are very much looking forward to the continued role that we will play in the local community. As with every decision taken by this credit union, we were guided by the best interests of our members at all times”.

Membership of the combined credit unions will now stand at 32,000 members and cover most of the South Kerry area. Killarney Credit Union has successfully undertaken a transfer of engagements with Kenmare Credit Union in 2015.

Elma Shine, from Caherciveen Credit Union who will remain as manager of the Caherciveen branch commented “This merger ensures the long term sustainability of the credit union in Caherciveen through cost reductions by economies of scale. It also allows the credit union to have access to greater lending capacity and service offerings. We can assure members that the Caherciveen branch will remain open and our level of service to members will continue” she concluded.

Members Q & A 

Free car history check

Peace of mind with a free car check with your local credit union

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Credit Unions in Kerry and West Limerick Limited has partnered with Car History Check company to offer a Free Car History Check with every new car loan for the month of September.* offers a full Irish & UK Vehicle History and Finance check for those considering purchasing a new car. The Credit Union is offering members a number of Free Car History Checks during September for those borrowing over €1,000 in car finance. The Car History Check normally retails at €35.00 per report.
Helen Courtney Power, Chairperson, Marketing Committee, Chapter 23 (Kerry and West Limerick Credit Unions stated “When buying a second hand car, you are always concerned about the history of the car and whether you are paying the right amount for the value of the car. As the main provider of car finance in the community, we want to protect our members when buying a car, so we are offering a Free Car History Check with each new car loan during September” Helen concluded.
The type of information provided in the report include Full Vehicle Identity Check, Irish & UK Finance Check, Damage Alert, Write Off Alert, Mileage Check, NCT/CVRT Status & MOT History Check, Irish & UK No. of Owners Check and Most recent date of sale & sale history Check.
Speaking about the partnership, Justin Kavanagh, Managing Director from stated “We are delighted to partner with the Credit Unions in helping their members buy the Right car with the Right History. In this current climate it is a vital necessity to ensure that the background history of every used vehicle is checked and verified before being purchased, whether buying from a private seller or from a dealership and your local Credit Union have now made this easier for you to do this”.
The participating credit unions are Cara Credit Union, Killarney Credit Union, Dingle Credit Union, Rathmore Credit Union, Clanmaurice Credit Union, Caherciveen Credit Union, Listowel Credit Union and Abbeyfeale Credit Union.
*The free history check is available for car loans in excess of €1,000 and only one check is available per application. There are a limited number of car history checks available per credit union and offer ends on the 30th September 2018.

Apply for a car loan here 

Art Competition 2018

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Calling all budding artists. Our 2018 Art Competition is now open for entries. The theme is this years competition is "The Force of Nature". Open to all ages, all abilities including group submissions. Closing date is the 19th October 2018. Download the application form here

Back to School Survey

Killarney Credit Union urges parents to shun moneylenders at back-to-school time

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A new, national survey has identified a rise in the number of parents in debt due to back-to-school related costs. Well over a third of parents in Ireland (36%) now say they are getting into debt trying to cope with costs at back-to-school time. This compares with 29% who reported being in debt last year. The worrying findings were revealed in the study commissioned by the Irish League of Credit Unions.

More than two thirds of parents in the study also said that they found back-to-school costs a financial burden. Nearly half (46%) said meeting costs was their biggest back-to-school related worry. Close to one third of parents said they would be forced to deny their children certain school items this year because they could not afford them. Extracurricular activities and new school shoes were amongst the items to be cut from the budget this year.
Reacting to the findings, Helen Courtney Power, Business Development Officer of Killarney Credit Union said that the credit union is all too aware of the struggle for parents this time of year. “We do see parents approaching us around this time of year requesting assistance with either budgeting and saving for the back-to-school spend, or with taking out a loan to see them through. It’s understandable that back-to-school costs are seen as a financial burden for so many when parents are paying out €999 for every primary school child, and over €1,300 for every secondary school child in their household.

At Killarney Credit Union, we offer a special Back to School loan with an affordable APR rate of 6.2%*. The loan is typically approved within 48 hours and there are no hidden transaction fees or charges. As always, we are happy to work with parents to structure repayments in a way that suits their individual circumstances.”

Of concern for the credit union was the finding that, of those parents who said they were getting into debt, more than a quarter (27%) said they had turned to a moneylender in an effort to cope with back-to-school costs. This was a noticeable increase on the 20% last year who had opted for a moneylender.

Commenting on this finding, Helen said, “I would really encourage these parents to reconsider approaching a moneylender, some of whom charge APR rates as high as 188%**. This can lead to a recurring cycle of unnecessary debt and panic borrowing. We offer a service called the Personal Micro-Credit Scheme or ‘It Makes Sense’ which was specifically designed to assist social welfare recipients who feel they have no option but to borrow from a moneylender. Our welcoming staff are always on-hand to answer any queries in relation to this loan.

* For a €1,000 1 year variable interest rate loan with 12 monthly repayments of €86, an interest Rate of 6%, a representative APR of 6.2%, the total amount payable by the member is €1,032.

Information correct as at 31/07/2018.
** Central Bank of Ireland Register of Moneylenders, July 2018.

Background Statistics

Savings Cap

Questions and Answers

Why are you limiting/imposing a savings cap?
The Board of Killarney Credit Union took the difficult decision to limit savings to €30,000 per member account after a significant increase in the number of cash deposits made at the credit union and the knock-on implication this has had on the credit union’s ability to maintain the regulatory reserve set out by the Central Bank of Ireland, which is a minimum of 10% of our total assets.

This means that for every additional €100,000 of savings, we must allocate €10,000 from our surplus / profits to our Capital Reserve, and this can have the effect of depleting the amount available to pay a dividend at year end and roll our new services e.g current accounts etc

We also face the challenge of a low interest rate environment which is greatly reducing the investment income that Killarney Credit Union earns on its deposits. Due to the high level of on demand savings held by the credit union, over €22million of excess funds must be placed in investments which we are receiving a very low or zero interest rates. There is also the possibility that the credit union will be charged by the banks for taking deposits in the near future. Therefore, the low interest rate environment is also impacting on our ability to generate a surplus.

How many members will this affect?
This will affect approx. 600 member accounts in total which is only 2% of total membership.

What is the saving restriction? The credit union now has a saving restriction of €30,000 per member account. This means that each member can only have €30,000 on deposit with the credit union. If anyone currently has over that amount in savings here they will have to withdraw them to bring them to the €30,000 limit. Members who have less than €30,000 can increase their shares to €30,000 – but no more than that. Joint members can transfer funds to each other to bring their accounts under the 30k limit.

What about members with savings under €30,000?
If the member has less than €30,000 they are free to increase it to this amount, but to no more beyond this level. Staff will be tracking this to identify members that are reaching the limit and the member will be advised accordingly.

What about members with savings above €30,000?
Members above €30,000 are encouraged to withdraw funds to comply with this cap. Members in this category cannot make lodgements to their accounts until the balance goes below €30,000. Members will be encouraged to bring their savings down to the limit before the 30th September 2018.

How long will the cap last for? The Board of Killarney Credit Union will keep the savings restriction under constant review, if they make any decision to change the current cap, members will be informed. 

Does this mean the credit union is in difficulty? No, this has no bearing on the day to day operations of the credit union. Killarney Credit Union is adequately capitalised at €12m and has assets of €113m. In the past year, savings have increased by 6% and stand at €99m –and we must meet the regulatory reserve of 10% of our total assets at all times.
Each time our savings increase, we have to allocate more money from our surplus funds to meet this regulatory reserve, therefore reducing the amount we have available to pay out a dividend or loan interest rebate. It also reduces the amount we can afford to invest in new services and new technology options that can benefit all our members.
To reduce the impact of this savings growth, the decision was reluctantly taken to limit savings to benefit the greater number of our members.

Will this affect the dividend offered? Last year Killarney Credit Union paid a dividend of .05%, worth €44,000 to members. While it is too early this year to determine what rate of dividend if any we will pay out, we will be communicating with members directly to inform them once we are in a position to do so.

Are my savings safe here? I can assure you that your savings remain safe and secure at Killarney Credit Union. We are a financially strong and stable credit union with €12m in capital reserves and €113m in assets. We made a surplus in 2017 of €609,601.

In addition, your savings continue to be guaranteed by the Government Deposit Guarantee Scheme up to €100,000.

Does this mean the credit union cannot give out loans? Killarney Credit Union is in a strong position to give out loans, subject to appropriate assessments being completed. Our ability to lend is in no way affected by the savings cap. We continue to provide valuable loan services to the local community.

I’m affected by the savings cap of €30,000, what will I do now?
You will receive a phone call from a credit union representative who will advise you of your options. You will be required to withdraw funds to bring them below the €30,000 cap, this can be done by cash, cheque or EFT. Please being ID (photo and current address) to undertake this transaction. We cannot give out financial advice to members on investment or other savings options. You are recommend to talk to your financial advisor.

I have received a letter advising me I am nearing the savings cap. How will this affect me?
Members who reach €30,000 in savings will be prevented from making further deposits until the balance on their account falls below €30,000 (this will apply to all cash, cheque and EFT transactions).
Please take note of your current balance and ensure that it does not exceed the €30,000 limit on savings. You may find out your current savings balance by contacting the credit union directly or by registering for online banking.


Back to school

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We have a range of back to school loan options available to members. Why not make a quick loan enquiry and we will call you back. 

Back-to-school time might seem like a long way off at the moment, but a significant number of Irish homes will have no choice but to start preparing for the associated costs.

Many parents will need a little financial assistance, whether it be dipping into their savings, borrowing from loved ones or taking out small loans. In fact, three quarters of parents of school-attending children say they view the back-to-school spend as a financial burden, with 29% saying they will get into debt. The findings were revealed in the 2017 Back to School Costs survey commissioned by the Irish League of Credit Unions.

The same survey found that on average, parents were spending €1,209 per school-going child to get them ready for the school year ahead. The cost has continued to increase over the years and was up 2% on 2016, and up 4% on 2015. In fact, a substantial one in four parents said they would be forced to deny their children basic school items in 2017 because they simply could not afford them.*

Helen Courtney Power, Business Development Officer of Killarney Credit Union says that many parents can be tempted to use quick, but ultimately expensive means to fund the back-to-school spend.

“With more than a quarter of parents saying the costs will negatively impact on household bills, it’s very understandable that it’s a significant source of stress and that many might feel the easiest option is just to use the credit card or worse, turn to a moneylender. However the interest rates with these options can be extremely high, and parents can find themselves in significantly more debt than they had planned for. We would urge all parents in the South Kerry area who might be considering these options to come in and talk to us in the first instance. We offer a range of short term loan options which is typically approved within 48 hours. We can also work with parents to ensure that the loan repayments are structured in a way that suits their individual circumstances best. We never charge administration or transaction fees, or penalties for paying a loan back early.”

Helen continued: “I would also say to parents to feel free to drop into us for a chat about how to budget and spend within their means, so as to ensure they don’t get into unnecessary debt around back-to-school time. For those who are considering a loan, we stand ready and willing to lend to new credit union members, as well as those members we may not have seen in years. There is no need to save with us for a set period of time before applying for a loan. Our aim is for all parents in the South Kerry area to enjoy the summer holidays with their kids without the worry of a looming financial burden.”

*All findings from ILCU 2017 Back to School Costs survey

Third Level Bursary Award 2018

Starting college in 2018. Why not make an appointment with one of our student loan advisors in each of our branches on 064-6631344. Karena in Beech Road, Donogh in Park Road and Eileen in Kenmare. 

We are now taking applications for our Third Level Bursary Award 2018. Students attending college for the first time are eligible to enter the draw. It is open to all ages including mature students, attending colleges in Ireland or aboard. 

For an application form and to see the terms and conditions see here. Closing date is the Friday 21st September 2018. 

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Inter Kenmare Tournament 2018

Inter Kenmare FC announce launch its 5 a side competition

9th July 2018 – for immediate release

Inter Kenmare Football Club today (6th July) launched its annual 5 a side tournament with Killarney Credit Union announced as main sponsor.
The competition which will commence on Monday 23rd July in Kenmare and is open to senior men, ladies and underage boys and girls competitions.
Speaking about the competition, Sean Murphy, Chairman of Inter Kenmare stated “we are delighted to have such an influential sponsor such as Killarney Credit Union involved in our tournament for the second year running, they are a vital asset in small communities like Kenmare as they are always keen to support a variety of clubs and without their support clubs we would find it more difficult to run big fundraisers such as our 5 A Side” he concluded.
The tournament which has been in existence for the past 26 years, opened up the competition to younger players over last two year and has been a tremendous success.
Helen Courtney Power, Business Development Officer, Killarney Credit Union commented “the credit union has always been a keen supporter of clubs in South Kerry and we are delighted to be main sponsor of the Inter Kenmare 5 a side competition the second year running, it is great to be able to support an event that involves such a wide age group of competitors” she stated.
The entry fee for the competition for Senior Men and Ladies is €120 and U 8- U14 is €5 per player. Application forms are available from PF McCarthys Bar, Kenmare, Majella O Sullivan Auctioneer, Main Street, Daybreak, Main Street and all Killarney Credit Union branches. Fees and application forms can be returned to any of the venues listed.
Sean added “the draw for the competition will take place on Friday July 20th in PF McCarthys, we will be posting regular updates on our website and on social media”.
The closing date for receipt of application forms and fees is Friday 20th July.

Application Form here 


School Savers Winners

Well done to all the fantastic savers who were winners of the Schools Savings Scheme with our mascot Rua. 

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Members Draw Winners July 2018

Members in the money with 25,000 in prizes in credit union draw

There was a jubilant Helen O Leary from Killarney who received a call this week to find out she won a brand new Seat Arosa in the Killarney Credit Union members draw. Helen and her son Michael were the outright winners of the car in the bi yearly credit union draw.
Mary from Countess Grove, Killarney picked up the keys of her new car from Pat Sheehan, Board Chairman at a prize giving ceremony at the credit union on Friday 13th July at the credit union headquarters.
Speaking about the members draw, Karena McCarthy, Killarney Credit Union Marketing Officer stated “we currently have over 2,500 members in the draw which is held twice a year. This year our prizes included a new car and prizes ranging from €250 to €1,000 cash, our next draw will take place in January 2019” she concluded.
Members can apply for the members draw at any of the branches or download an application form online €12 will be taken from your account twice a year as an entry fee for the members draw.
The 11 cash prize winners were Martina Griffin, Laura Wickham, Peter Moynihan, Margaret Griffin, Elizabeth O Mahony, John Healy, Paul Cahill, Nora O Carroll, Thomas Punch, David Sheehan and Elaine Sugrue.
The draw was adjudicated by solicitor Eoin Brosnan and KCU Risk and Compliance Manager Shane Foley in the credit union offices on Tuesday 10th July.
Karena added “The draw is limited to members of Killarney Credit Union and anyone over the age of 18 can apply to join, so we would encourage members to sign up, if they haven’t already, as the saying goes, if you’re not in, you can’t win” she concluded.

Members Draw Application Form


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Killarney Athletic Draw

7 aside 17

 The tournament which is in its 42nd year will take place in the Killarney Athletic grounds in Woodlawn on Monday June 25th. 


Group 1
Failte Bar
Tatler Toffees
Big Hitters FC
Cavemen Clothing

Group 2
Failte Legends
MD O’Shea’s
Enter My Van

Group 3
Dennehy’s Bar
Michael Healy Rae Team
Mackey’s Crew
O’Riordan Sand & Gravel
Liam Lynch Skoda

Group 4
The Lake Hotel
Port River Wanderers
Tim Jones & Sons

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