Killarney Credit Union

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Telephone

064 KillarneyCU6631344

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Email

info@KillarneyCUkillarneycu.ie

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Killarney Credit Union

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Art Competition 2019

Walk of Life FB cover pic 2

The theme of this years competition is the Walk of Life. Entry is open to all ages and abilities. In 2018, we had 2 national winners, Jonathon O Keeffe and James O Shea, why not join this illustrious duo by entering this years competition.

Credit Union Art 2019 18

Download the entry form here. Closing date is the 25th October. Entries can be submitted to all credit union branches in Killarney, Kenmare and Cahersiveen. 

Application Form

 

Whats is PSD2?

What is PSD2?

PSD2 is the second Payment Service Directive. It was introduced to improve security, reduce fraud and encourage competition taking into account modern payment methods such as mobile payment and online payment.

What is Strong Customer Authentication (SCA)? 

On September 14th, additional security to protect online payments – known as “Strong Customer Authentication “ – will be introduced in Europe as part of the second Payment Services Directive (PSD2).
What is Strong Customer Authentication?
Strong customer authentication (SCA) is an authentication based on the use of two or more elements
1. Knowledge - something only the user knows. For example, a password.
2. Possession - something only the user possesses. For example, a mobile phone.
3. Inherence - Something the user is. For example, fingerprint or iris pattern.

 How will this affect members?

In order to support these additional security requirements, the Online Banking website and Mobile App will be upgraded to include Strong Customer Authentication (SCA). This will only affect members who are registered users of online banking. 

1) Whenever a member logs in to their account, they may be asked to take an additional step to further authenticate themselves. This must happen every 90 days.
2) When a member sets up a new payee they will be asked to provide further authentication.
3) If a member wishes to view transactions or documents older than 90 days they must provide further authentication.

What do I need to do?

As a member, nothing currently. Our online banking system including mobile app will automatically upgrade to include SCA. Members who are registered for online banking will recieve an email or letter to inform them of the changes. You will be required to go through additional security features via your phone. As you mobile number will be used as a authentication method, it is imperative that the mobile phone number that we have registered for your account is correct. To view the number registered to you, log in to Online Banking and click the Personal Settings option. If any details are incorrect please contact the Credit Union to update your mobile details. 

 

Third Level Bursary Award 2019

Third Level Bursary 2019

Bursary Award Generic

 

We are delighted to be able to offer a third level bursary award of €1,000 to 4 students to help with their educational costs. This award is open to members of the credit union and it is an open draw, therefore, everyone that enters has an equal chance of winning.

Even if you don’t win, we are delighted to offer an extremely competitive student loan rate. This student loan can help with costs such as tuition, registration, books and other educational expenses.

Please complete the application form and return to any of the branches of Killarney Credit Union before Friday 27th September 2019 at 5pm. Emailed applications can be accepted by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.

July Members Draw

€27,000 Car and Cash Bonanza for Killarney Credit Union Members

There was a delighted 23 year old Daniel O Donoghue from Killarney who received a call this week to find out he had won a brand new Ford Fiesta in the Killarney Credit Union members draw.
Daniel from Killarney picked up the keys of his new car from Karena McCarthy, Youth and Marketing Officer at a prize giving ceremony at the credit union on Friday 19th July at the credit union headquarters.
Speaking about the members draw, Karena McCarthy, Killarney Credit Union Marketing Officer stated “we currently have just over 2,200 members in the draw which is held twice a year. This year our prizes included a new car and prizes ranging from €250 to €1,500 cash, our next draw will take place in January 2020” she concluded.
Members can apply for the members draw at any of the branches or download an application form online www.killarneycu.ie. €12 will be taken from your account twice a year as an entry fee for the members draw.
The 14 cash prize winners were Niall O‘Riordan, John Burke, Betty Dennehy, Ella O’Callaghan, David Piggot, Maura Maher, Mary Flynn, Mary Coleman, Ted O’Shea, Geraldine O’Leary, Mary O’Leary, Ann Maria O Neill Hayes, Emma Dennehy & Susan Collett.
The draw was adjudicated by solicitor Eoin Brosnan and KCU Risk and Compliance Manager Shane Foley in the credit union offices on Monday 15th 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 for €2 a month, you can be entered into the draw. 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

Back to school costs

Killarney Credit Union here to help parents with back-to-school costs

2019 Back to School Infographic ROI page 001


The number of parents saying they are struggling with back-to-school costs is on the rise. A new national survey has found that more than three quarters of parents (78%) find the costs a financial struggle. This is a substantial 11% increase on last year.
The findings were revealed in a new, national survey by the Irish League of Credit Unions. Half of parents said meeting costs was their biggest back-to-school related worry. One third 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.
Karena McCarthy, Youth & Marketing Officer of Killarney Credit Union said the credit union is all too aware of the struggle for parents this time of year. “We frequently assist parents in the South Kerry community around this time of year who need help either budgeting for the back-to-school spend, or taking out a loan to see them through. It’s understandable that these costs are a financial burden for so many when parents are paying €949 per primary school child. The spend is even higher for parents with secondary school children who are forking out and €1,399 per child. We want parents to know we are here to help, if only to have a chat about how they can budget for the upcoming spend.”
The survey also found that there was a slight drop (1%) in the numbers approaching moneylenders. Parents saying they are relying on credit cards to cover the back-to-school spend also decreased by 5%, falling from 18% to 13%.
“We consistently try to provide financial education to parents in the xx community and inform them of the extremely high interest rates charged by moneylenders. We are happy to see a fall in the numbers going this route, but still concerned that 3% of parents will approach moneylenders in an effort to cope with costs. Our message would be to chat to us first in the credit union before making this decision. Using moneylenders can result in a recurring cycle of unnecessary debt and panic borrowing” said Karena.
Karena continued; “If for example a parent opted to take a Killarney Credit Union Back to School loan instead of using a moneylender, the APR rate would be 8.5%*, compared to rates of over 100% which some moneylenders can charge. Our 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. We are more than happy to assist anyone who might need a little extra financial assistance at back to school time.”
* For a €1,500, 1 year variable interest rate loan with 12 monthly repayments of €130.62 an interest Rate of 8.2%, a representative APR of 8.5%, the total amount payable by the member is €1,567. Information correct as at 16/7/19

-ENDS-
For more information, please contact Helen on 064-6623730 or 087451800

To apply for a One Year Loan here 

Killarney Athletic 7 a side winner

The finals of the Reserve Cup, Over 35's and Premier took place on Wednesday sponsored by Killarney Credit Union. It was a very wet evening in Woodlawn but a very entertaining one. The Reserve Cup winners were MD O'Shea's Park Road 5 and Dean Machine 3. The scorers for MD O'Shea's were John McDonagh hat trick Chris Brady and Stephen Hayes 1 goal each. The goal scorer for Dean Machine was Mikey Casey with a hat trick.

Over 35 Jimmy Brien's Bar 1 Tim Jones Older Butchers 2. Dan Cronin scoring the 2 goals for Tim Jones Older Butchers and Mark Griffin scoring for Jimmy Brien's Bar.

The Senior Premier final went to penalties with The Failte Legends winning out 2 1 on penalties to Last Picks. It was 3 all at the full time whistle with Danny Roche scoring all 3 goals for The Failte Legends and Ryan Carroll, Mike Milner and Cian Tobin scoring 1 each for Last Picks.

Gary Keane Captain of The Failte Lengends received the coveted Kieran Cahillane Memorial Perpetual Cup for Player of the tournament presented by Jason.

 

View the embedded image gallery online at:
https://www.killarneycu.ie/news#sigProId21c4522cb3

Killarney Credit Union joins Metamo

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(l-r) Joe O’Toole (Chair, MetaCU), Shane Foley (Killarney Credit Union), Denis McCarthy (CEO, Fexco)

Killarney Credit Union join Metamo – a joint venture between 16 of Ireland’s largest Credit Unions and Fexco
Metamo will deliver improved service and products to Killarney Credit Union’s 34,000 members
• Metamo represents a €10 million investment in the credit union movement
• Credit unions joining Metamo represent over 480,000 members
• Metamo will support credit union sustainability and improve efficiency
• Research and development of new products and services for credit unions, supporting them in offering a wider range of financial products to their members
• Establishing a central shared services hub to improve delivery capability for credit unions
4 July 2019: Killarney Credit Union is one of 16 of Ireland’s largest credit unions who have today announced a €10 million collaboration with Killorglin based international financial technology company Fexco in the formation of a new joint venture to be named Metamo.
Metamo is a 50:50 joint venture between the 16 investing credit unions incorporated under the name MetaCU and Fexco, one of Ireland’s largest financial services companies. MetaCU credit unions represent over 480,000 members from across the country – and in Kerry to Cara Credit Union’s 43,000 members and 34,000 members from Killarney Credit Union - and combined assets of over €3billion (c.19% of the sector).
The primary objective of Metamo is to support credit union viability and sustainability through the provision of a more complete and modernised suite of financial products including enhanced lending capabilities. Metamo is also uniquely positioned to develop more efficient operating systems for credit unions in areas like process improvement, risk management and technology delivery.
Mark Murphy, CEO of Killarney Credit Union said:
“This is an exciting day for Killarney Credit Union and I am convinced that this joint venture will allow us to provide an improved service and set of products to our members in South Kerry. We are delighted to work with our neighbouring credit union, Cara Credit Union on the Metamo venture.
The delivery of this project with international fintech company Fexco, headquartered in Killorglin, means we can offer an enhanced service offering allowing us to keep pace with other financial service providers.

Speaking about the launch of Metamo, Minister for Finance Paschal Donohoe TD, commented:
“Credit unions hold a unique and special standing as one of the most trusted brands in the country. They continue to provide invaluable services to local communities promoting financial inclusion. I am delighted to see collaboration within the sector that will support its continued viability and sustainability. Members of all credit unions stand to benefit from the enhanced products and services, more efficient operations and improved service delivery that Metamo will provide. Collaborative efforts for the sector can come in many forms and I am encouraged by, and supportive of, the many projects designed to drive the sector forward, including the venture being launched by Metamo. I would like to congratulate the credit unions and Fexco on this initiative and to wish them every success into the future.”
The initial focus of the venture is on collaboration between Fexco and the investing credit unions to identify and develop products and solutions required by members. Metamo will offer these solutions to all other credit unions in the country who are not part of the joint venture in order to sustain the continued development of the sector.
Joe O’Toole, Chairperson of MetaCU – the entity comprising the 16 credit unions investing in Metamo – said:
“Metamo brings unprecedented scale to any previous sector initiative and signals a new and exciting development in the financial services industry. The company will deliver new income streams and improved processes for the investing credit unions and has the potential to transform the entire sector.
“We identified Fexco as our partner based on their familiarity with the sector, having provided foreign exchange services to credit unions for over 20 years. In addition, we will benefit from Fexco’s technical expertise and commercial delivery focus. For Metamo, Fexco is a natural fit.
“The multi-million euro investment by the credit unions and Fexco in the establishment of Metamo is a significant vote of confidence in the future of these credit unions.”
Denis McCarthy, CEO of Fexco commented:
“Participating in Metamo allows Fexco to leverage two of our key strengths; strategic investment and new product development. Like the credit unions, Fexco understands the value of supporting local communities, indeed we remain loyal to Killorglin where the company was first founded, employing approximately 1,000 staff there today. We enjoy a longstanding relationship with the credit union sector in Ireland having provided foreign exchange services to them for over two decades. I look forward to broadening the scope of that work through the establishment of Metamo which, through strong collaboration, will ultimately safeguard the sector while delivering better products for members.”
Metamo is based in Kerry with offices in Dublin. The company is currently actively recruiting its senior management team having appointed Neil Hosty as CEO in 2019. Neil has over 20 years’ experience in the financial services sector and has held various senior executive positions in the Irish and US banking sectors.
Credit unions are held in high regard by Irish consumers, providing the best customer experience in the country according to Amárach Research, and topping the 2018 Reptrak survey measuring the level of public trust in an organisation.*
More information is available at www.metamo.ie

Know your PCP

PCPHP

Why a credit union car loan is better than a PCP
Close to four in ten consumers in Ireland will buy a new car in 2019. Over half plan to spend more than €10,000 on their new set of wheels, according to the most recent Carzone Motoring Report (2018). The study also found that one in four consumers who spent between €10,000 and €20,000 on their previous car, used a credit union car loan to fund the purchase.*

Credit union loans have always been popular amongst car buyers for their straightforward terms and conditions and flexibility, and look set to be a top choice again in 2019. Indeed, credit unions, such as Killarney Credit Union, are lent out over €5.5 million in car related borrowing in the past 12 months.

Helen Courtney Power, Business Development Officer of Killarney Credit Union explains why she feels there has been a renewed interest in the traditional car loan. “A credit union loan is transparent and carries no hidden fees or charges. The buyer owns the car outright once they buy it, while with other more complex finance options, such as a PCP agreement, the buyer has effectively hired the car for a period of time while they make payments. At the end of the PCP agreement, they will have to make a balloon payment in order to actually own the car, which can prove to be quite the financial sting in the tail if it hasn’t been budgeted for.”

The Carzone report however also found that 72% of people who had spent more than €20,000 on their last car had used a finance options such as a PCP agreement. So while PCPs can be complicated, have a raft of additional charges and a good deal of inflexibility, they are proving popular with car-buyers in the over €20,000 market. Could this be down to the fact that a lot of consumers don’t fully understand what they are signing up to with a PCP?

“For many people, headline rates on PCP agreements can at first look more attractive, but these can easily distract from the fact that essentially PCPs are lease schemes and the buyer will need to be conscious of the mileage they are racking up, because the balloon payment, or guaranteed minimum future value (GMFV), of the car will have been calculated with their annual mileage in mind” Helen explains.

“In contrast, with a car loan from the credit union, the buyer simply borrows the money to pay for a car, which they own immediately, and which they can drive as much as they please. They can also sell the car on at any time they wish, should they need to, whereas they do not have this option with a PCP. Credit unions are ethical lenders. We will work with our members to structure repayments that suit their individual circumstances. At Killarney Credit Union our car loan is available at an affordable APR rate of 7.8%**, and is typically approved within 48 hours. We also offer car insurance to make the whole process as convenient as possible for our members. I would really encourage anyone thinking about going the PCP route to have a chat with us first at Killarney Credit Union before making the final decision. We are happy to see all our members, no matter how long it has been since they did business with the credit union, and of course we are always happy to chat to anyone who has never been a credit union member.”

Helen also says potential buyers should familiarise themselves with the below checklist before signing the dotted line on a PCP agreement:
• Be aware that to extend the term of a PCP you may be charged a rescheduling fee.
• Take note of the cap on the number of miles/kilometres you are allowed to clock up over the period of the contract.
• You may be requested to commit to certain car servicing agreements.
• Ensure you always enquire about additional fees and charges, you are entitled to a list of all additional charges so ask the garage for this before you sign any agreement.

*Carzone Motoring Report 2018
** For a €10,000, 5 year variable interest rate loan with 60 monthly repayments of €200, an interest Rate of 7.49%, a representative APR of 7.8%, the total amount payable by the member is €12,019. Information correct as at 19/12/2018.

Buying an electric car - 10 things to know

More an more people are moving towards - or at least considering the move towards - electric vehicles (EV's). 

John Hayes lectures at University College Cork and previously worked in the automotive industry. He is the lead author on energy systems, power electronics and drives for hybrid, electric and fuel cell vehicles. Here he provides 10 tips if you are thinking of buying an electric car. 

ELECTRIC CARS 10 THINGS TO KNOW BEFORE BUYING

 Here are some things you need to consider first.

1.Range – is it a reason to be anxious?

The infamous range anxiety is a much talked-about topic for electric vehicles (EV). Let’s do the numbers. The typical Irish driver travels about 50 km a day. The kilowatt-hour (kWh) is the unit of measure of battery size. Each unit can result in about 3 to 6 km of driving for a typical battery-electric vehicle (BEV). The typical BEV on sale in Ireland now comes with a battery pack sized from 28 to 60 kWh. The luxury cars from Tesla are from 75 to 100 kWh. The 40 kWh BEV has a published range of about 270 km. This is over 5 days’ range in the battery on good driving days. This range will drop by approximately 20 %, as the battery ages over the 8 years for which it is guaranteed. A further drop in range of about 30 % can be expected due to the use of heating, air-conditioning or defrosting on very hot or very cold days. Thus, the range, in several years’ time, could be as low as 150 km in adverse weather conditions. However, that is still close to 3 days driving for the typical driver. Driving aggressively, driving up and down hills, and carrying heavy loads will also reduce the range. So drive less, lighten up, and slow down if you want to maximize the range.

2.Hybrid or fully electric?

The hybrid electric vehicle (HEV) features two energy sources on the car: a battery with an electric motor combining with a high-efficiency petrol engine. Examples are the Toyota Prius, the Lexus RX 450h, the Ford Mondeo and the Hyundai Ioniq. The battery and the electrical system enable the engine to run in the most efficient mode. The car can drive quietly in electric mode for several km when it is inefficient to use the engine. The fuel economy of a HEV is about 50 % greater than that of a conventional petrol car. The big advantage of the hybrid is that you get improved efficiency and reduced emissions, while not having to worry about range.

3.How much do you save a month?

Battery electric car drivers can save hundreds of euro every month. Essentially your fuel is free at many public chargers, or is cheap-rate night-time electricity at home. There are serious savings to be made on fuel.

4.Power - are electric cars as powerful as petrol engines - can they pull my horsebox/ trailer?

One of the great things about an electric car is the acceleration. The zero-to-100 km/h can be unreally fast and is thrilling for many drivers. Of course, don’t be accelerating too hard because it’s (i) dangerous, and (ii) not good efficient driving. Many EVs are not designed for towing, and so be sure and check on whether you can tow or not.

5.Did you know – NASA has been putting electric cars on Mars for decades?

The two Mars rovers Spirit and Opportunity landed on the planet Mars in January 2004. They were to last 6 months while they searched for signs of water on Mar’s surface. Spirit lasted 6 years and Opportunity died in June 2018. Opportunity completed a marathon on Mars in March 2015 – it was covering about 10 m a day. It eventually ran out of energy and died when it got stuck in a crater and its solar panels could not get recharged by the sun.

6.Tax - is the road tax cheaper?

EVs carry the lowest road tax. They are cheap to run after initial purchase… unless you have to replace the battery outside of warranty (see No. 9).

7. Maintenance - do they have to go to a special mechanic if something goes wrong?

Yes, you must go to trained mechanics for service and repairs as battery and hybrid cars have powertrains which are quite different from a conventional car. The garages, which sell electric cars, will have the highly-trained mechanics and technicians which your car requires.

8. Do the tyres and brakes wear more?

One of the wonders of electric cars is regenerative braking. When you hit the brakes in an electric car, the computers on the car actually tell the electric motors to capture the energy of the car as it slows down and recharge the battery. So, it’s quite likely that you don’t use the actual brakes at all. This saves a lot in term of wear and tear on brakes, and creates free energy for the battery! No matter what car you drive, it’s important that the tyres are at the correct pressure. If the tyre is under-pressured, then you’ll end up using excess fuel. If the tyre is over-pressured, you’ll have a bumpy ride. Driving at the wrong tyre pressure is also dangerous.

9.What about battery replacement costs?

This can be expensive for a battery or hybrid electric car. In general, the batteries are warranteed for 8 to 10 years. This may lead to the need to replace the battery as the car itself can last for 12 to 16 years. While battery replacement is likely the best environmental option, it will raise the overall cost of ownership of the vehicle, and also drop the resale value of older vehicles.

10.What comes next for technology?

We will likely be seeing hydrogen fuel-cell EVs in Ireland in the next decade. These vehicles will run like an electric car but are powered by compressed hydrogen instead of a large battery. The big truck or bus running a long distance on hydrogen will have one emission from the exhaust pipe – water vapour!

Source: https://www.leitrimobserver.ie/news/on-the-road/426245/thinking-of-buying-an-electric-car-here-s-10-things-you-should-know.html

Credit Union Research

Member Research

Would you like to participate in our credit union research panel. We are looking for both members and non members to take part in a discussion group on Saturday 13th July from 11.30-2.30 in Killarney Credit Union, Beech Road, Killarney. We are seeking your opinion on current and future credit union services, areas for development and feedback on membership. Participants will recieve a gratuity of a €20 One4All voucher for their time. Light refreshments will be served. 

Read more: Credit Union Research

Buying a car from the UK

Buying a car from the UK? You need to talk to your local Credit Union

Second-hand, imported cars from the UK continue to rise in popularity with the Irish consumer. In fact, the latest Consumer Market Monitor (CMM)* reports that second-hand cars imported from the UK will overtake the number of new cars sold in Ireland for the first time ever this year.
In 2007, imported second-hand sales were at just over 59,000. In the same year, new car sales in Ireland were at 180,000. However there has been a steady decline in the sale of new cars since then. In the first three months of this year, new sales had dropped to just over 50,800. By contrast, imported second-hand car sales had risen to over 25,900 in the same quarter.
Helen Courtney Power of Killarney Credit Union says they have also witnessed this trend locally, with a rise in borrowers taking out loans for second-hand, imported cars.
Helen said “While we are firm believers in the credit union, that shopping locally for a car is the best way to go with some terrific value to be had, we are seeing a surge in car loan queries from people considering buying from the UK. We would urge anyone considering going to the UK to talk to us in your local credit union in the first instance. Our car loan is straightforward, affordable and fair with a great value APR rate”.
Helen continued; “When you arrange finance with us here at the credit union, you are effectively going as a cash buyer to the car dealer, and may well be able to negotiate a better deal. There are also other advantages, including fast approval, flexible terms and there will never be any hidden charges or fees.”
Helen also says there are a number of factors to consider before making the decision to buy a UK imported second-hand car. He/she says the following points are the most important;
• Buy from a recognised car dealership in the UK and avoid buying privately if possible. Shop around online and ensure you are getting the best value possible. Choose your car before you go.
• Inform the UK authorities that you are exporting a car by obtaining and filling out the V5C document.
• You will need to make an appointment for a Vehicle Registration Tax (VRT) inspection once back in Ireland, and you will also need to make the VRT payment.
• You may also need to pay VAT if the car is less than six months old or has less than 6,000 kilometres clocked up.
• You will need to purchase new registration plates.
• Ensure you are fully up to date with all requirements and documents needed for importing a car by consulting the Citizens Information and the Revenue Commissioners websites.
• Ensure you have also checked out your local car dealership. There is often great value to be found right on your doorstep. Don’t forget you have to factor in the cost of VRT, possibly VAT, new registration plates and fuel to get you home from the UK when importing a car.

Helen concluded; “Credit unions are not-for-profit, so our main concern when we are lending is always the financial wellbeing of the borrower. You can be assured of an affordable and ethical car loan when you come to us.”
To make a quick car loan application here 


* Published by the Marketing Institute of Ireland and the UCD Michael Smurfit Graduate Business School.

Fleadh Cheoil Chiarrai

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Milltown, The mid-Kerry town hosts the Fleadh from June 19th to 23rd. It will be the second year running in Milltown and will again host a fantastic weekend of top-quality free family entertainment in a packed and varied program. 

The Fleadh competitions sees the cream of Kerry traditional music vie for a place in the Munster and All-Ireland fleadhanna but is also an opportunity to enjoy and celebrate the vibrant trad. scene in the county. Milltown’s street entertainment programme will feature one of the top acts in world music, Kila, playing on Saturday night, June 22nd. This is a free, outdoor gig, and will also feature support acts from around the county. Friday night and Sunday afternoon will feature the outdoor ceilidh, a great spectacle for dancers and wallflowers alike. Kids will be well entertained, with a drumming workshop specially for kids on Saturday at 2, and fun with “Time to Party” putting fun events on Sunday. “Spin City” funfair will be in Milltown all week also.
We invite all young musicians join in the “Denis Courtney Memorial Street Entertainment Competition”, and have a crack at winning some of the €500 prize fund, sponsored by the local Rathmore and District Credit Union. There will be sessions in the local bars all week and the annual “Singing Club” takes place in Larkins Bar on Thursday night.

Programme 2019

Busking Competition 

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Killarney Athletic 7 a side

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Killarney Athletic officially launched its Annual 7 a side tournament in Killarney Credit Union last Friday 10th May. The event will take place on Monday 24th June at the Killarney Athletic Grounds,Woodlawn, Killarney and its main sponsor is Killarney Credit Union.

Speaking about the event,

Colette Casey of Killarney Athletic stated “That we are delighted to be celebrating our 43th year of this event and this year we are introducing some changes to the event.

The competition will now take place over 2 weeks with games taking place Monday to Friday and underage games being played on our new astro turf pitch.

The finals are scheduled to take place on Thursday 11th and Friday 12th July.

The tournament is open to all ages. Senior Men, Over 35s and underage boys from 10-16 years.

Application forms are available from the Beech Road and Park Road branches of Killarney Credit Union and at www.killarneyathletic.com.

The entry fee for Senior Men: €200; Over 35s: €150; Ladies: €150

U10/12: €75 U 14/16: €100.

“Killarney Credit Union is proud to be the main sponsor of this event, especially in light of its 43th year anniversary, we would like to wish the organisers and all participants the best of luck in this year’s soccer tournament”

There will be a range of accolades as part of the event, the Premier and Reserve Cups, the Kieran Cahillane Senior Player of the Tournament Award will be on offer for the outstanding player on view, while The Johnny Heffernan Underage Player of the Tournament Award will also be up for grabs. Also, there will be free entry to the 2020 tournament for the Premier Cup winners.

The closing date for all ages (to be returned to the credit union) is Friday 7th June before 5.30pm.

The draw will take place on Monday 10th June in the Shire Cafe, Killarney at 9.00pm.

Further information is available from www.killarneyathletic.com.

Application

Rules

Over 35's

 

GR8 Savers Week 2019

GR8 Savers Logo blue landscape


KILLARNEY CREDIT UNION LAUNCHES ROCKIN’ YOUTH FINANCIAL EDUCATION INITIATIVE
GR8 SAVERS WEEK RUNS FROM 6th – 12th MAY 2019

Killarney Credit Union is encouraging children in the South Kerry  to get rocking with their savings this May! The credit union launches its ‘GR8 Savers’ financial education initiative this week (May 6th to 12th). The financial awareness week aims to get parents and teachers talking to children about the importance of saving for the future.

Experts believe that the age you learn about responsible money management and how to save has a huge impact on how you will handle finances as an adult. The wide-scale study by behaviour experts at Cambridge University also revealed that financial habits in adults are typically set by age seven. So it is never too early for children to start learning prudent financial behaviour!

Speaking about the Gr8 Savers initiative, Helen Courtney Power, Killarney Credit Union said: “A huge part of our ethos at XX Credit Union is financial education for the community. As part of our commitment to the local area, we want to ensure that our future generations are financially educated and empowered. Sound financial planning and prudent money management are skills that can be nurtured from a young age. Encouraging children and young people to develop a regular savings habit during GR8 Savers Week can assist them greatly in the future, especially when they need to manage budgets while at college or in their first job. So we’re encouraging all children to rock on down to us here at the credit union and open their very first savings account!”

During GR8 Savers Week, Killarney Credit Union will have give-aways, competitions and activity sheets for younger savers, while staff will be on-hand with helpful tips and guidance for parents on financial education. The awareness week is designed to be fun and enjoyable for young people, while also highlighting the value of money and the benefits of prudent spending. Insert some examples of events planned for the week here.

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GR8 Savers Colouring Sheet 

 

The Borrowers RTE 1

the borrowers

The Borrowers TV is going live on Tuesday 16th April on RTE 1 @ 8.30 pm. A new RTÉ One series beginning this Tuesday steps inside what could be considered the most secretive room in Ireland – the Credit Union loan office.

Local Kerry credit union Cara Credit Union will be highlighted in the series who captures some of the heart warming and interesting stories that happen in the credit union. 

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Credit Card Debt getting you down

Struggling with credit card interest? Talk to Killarney Credit Union.

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 More than half of adults in Ireland own a credit card. A substantial six in ten however don’t know what interest rate they pay. This is despite the fact that most credit card owners use their plastic extremely frequently. The majority of adults tend to use their cards every month for ad hoc spending, rather than for one-off purchases throughout the year. The findings were revealed in a new, national survey commissioned by the Irish League of Credit Unions (ILCU).

Close to three quarters of adults in the survey felt that credit card companies don’t do enough to explain how interest rates work. More than two thirds agreed that the general public lacks understanding of how credit card interest works. It’s understandable then that many don’t know where to turn when they can’t figure out why the interest continues to mount on each credit card bill.

Helen Courtney Power says that Killarney Credit Union can help: “Our friendly staff are always available to talk about complex financial terms and ensure that our members fully understand any financial product they avail of. In fact, we would encourage anyone struggling with their credit card bills in the South Kerry area to come in to us for a chat and see how we can help. We know there is a worrying lack of knowledge amongst credit card users about both the rate of interest being charged, and how the interest actually works. Part of our ethos at the credit union is financial education – so anyone struggling to come to grips with credit card interest, or other financial issues, is welcome to approach us for guidance.”

Helen continued “For those who feel they might rely on their credit card too much, or think they have no other option but to use the card, we would encourage them to speak to us about a credit union loan. Interest rates on our loans are far better value than even the lowest interest rate on a credit card in Ireland. Our loans are approved quickly and terms and conditions are straightforward and transparent, with no hidden fees. Our friendly loan officers are always more than happy to take the time to go through all the finer details with the borrower and ensure they full understand monthly repayments and the total cost of credit.”


In addition, Killarney Credit Union also offers a debt consolidation loan. The product aims to help members refinance high interest debts – and combine all of their debt into a single, straightforward payment at a fair and reasonable rate. A restructured payment like this can ease the pressure and make it easier for people to get on top of their debt and manage it in a way that suits their everyday lives.

Helen continued “As we make decisions locally, we are happy to take the time to get to know the individual circumstances of all of our members, and so we can work with each individual borrower to structure loan repayments in a way that works best for them. I would strongly encourage anyone in need of financial education or assistance to speak with us here at Killarney Credit Union.”

If you want to make a quick loan enquiry and we will call you back here 

 

Cultivate has arrived

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Local credit unions launch new Agri loan product

Six Credit Unions in the Kerry/Cork region have come together and launched a new Agri Loan product called Cultivate.
The Credit Unions involved are Listowel Credit Union, Killarney Credit Union, and Cara Credit Union in Kerry and Ballincollig Credit Union, Bantry Credit Union and Kanturk Credit Union in Cork.
The new Credit Union farm lending offering is branded under the name “Cultivate” and was officially launched on the 20th March 2019 by IFA National Chairman - Farm Business, Martin Stapleton.
The Credit Union farm lending project is modelled on a pilot initiative by four Credit Unions in County Galway who launched the Cultivate brand in 2017. Since then 20 credit unions throughout Ireland have introduced the Agri loan product to members.
Since its introduction, Cultivate has proved very popular with farmers with nearly €20m 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.
Brendan Heneghan, former Regional Manager with Teagasc, is the project manager of the Cultivate brand stated “We are delighted to officially launch the Cultivate Agri loan products to credit union members in Cork and Kerry area. We have been working hard on this project for the past number of months. Credit Union Agri loan staff have completed a bespoke 5-day course on Farm and Finance organised by Teagasc in association with Pallaskenry Agricultural college. Credit Unions are now open and ready for business” he concluded.
The Cultivate farm loan package will offer loans up to €50,000 for a variety of purposes. The loan rate is a competitive loan rate. The term of the loan can be up to 7 years. Loan protection insurance is also provided on the loan at no additional charge.
Mark Murphy, CEO, Killarney Credit Union stated “We hope that farmers will look to their local credit unions as an alternative for farm finance. After all, credit unions are embedded in their local communities and are in a position to lend to those living or working locally. Our loans are unsecured and we can offer a variety of repayment schedules to suit farmers needs”.

Appointments can be made to meet a Cultivate Farm advisor on 064-6631344 ext 2 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Further information on Cultivate farm loans can be got from any of the Killarney Credit Union branches or on www.cultivate-cu.ie.

Download information guide here

 

 

Killarney Credit Union Junior Members

 

Have you met Rua yet?

 

He's our friendly new mascott! Come and find out more in our Junior Members section!

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Have you been thinking about joining the credit union for a while? Well, now is the time to act! We are looking for new members to be part of our South Kerry credit union community. Young or old, we welcome all ages to join us.

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