Killarney Credit Union

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Killarney Credit Union


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DWTS winners to judge 2018 Lily

jake champion low res

Jake Carter and Karen Byrne winning Dancing with the Stars Ireland 


Dancing with the stars winners to judge Lily of Killarney 2018

The Lily of Killarney organising committee today announced that RTE Dancing with the Stars winners Jake Carter and Karen Byrne will be the 2018 celebrity judges of the competition.
The Lily of Killarney competition which is in its 45th year will be hosted in the Gleneagle Hotel Ballroom on Friday June 8th where 33 girls will compete to become the 2018 Lily of Killarney.
Geraldine O Neill, Chairperson of the Lily of Killarney Committee stated, “we are delighted to announce that Jake and Karen will be our celebrity judges this year, we are very honoured that they have chosen to attend our event, and we look forward to welcoming them to Killarney’ she concluded.
The country was gripped every Sunday night watching Jake Carter and Karen Byrne dance their way into the final and waltzing off with the glitterball trophy.
The Lily of Killarney is being sponsored by Killarney Credit Union once again this year and is delighted to once again support this local event.
The Lily of Killarney is run by Spa GAA Club Ladies Committee and the current holder of the Lily of Killarney title is Mary T Moynihan who represented Jimmy Brien’s Bar.
Geraldine added “Tickets for this prestigious event are €30 and are available for purchase from the Spa GAA Ladies committee members. Keep an eye on the Lily of Killarney Facebook page for details of ticket sales in the coming days”.


people communication


The GDPR is a piece of EU legislation which will overhaul our current data protection legislation. It aims to strengthen and unify data protection for all EU individuals and in some cases those outside of the EU. It brings with it further obligations for organisations (like your credit union) who process your personal data in order that your personal data is fully respected. Processing is basically doing anything with, even storing, your personal data.


The GDPR enhances your rights in respect of your personal data.
You have a right to:

  1. Information about our processing of your data, this is detailed in our Privacy Notice.
  2. Access your data, information, and copies of your data.
  3. Object to processing, including profiling/direct marketing.
  4. Restrict our use of your data while you challenge our processing.
  5. Erasure of your data in certain circumstances (aka ‘to be forgotten’).
  6. Rectify your data where it might be incomplete or inaccurate.
  7. Portability: Be sent a copy of your data in a machine readable format.
  8. Automated Decisions: Know about and intervene in automated decision making including profiling.

Download the GDPR Information Leaflet here 

Update your communication preferences here

Credit Unions voted as the most reputable organisation

We are pleased to advise you that credit unions have been voted as the most reputable organisation in Ireland in the 2018 RepTrak® study.

In total, over 7,000 members of the public were surveyed for the annual study which examines the emotional connection between people and the different companies and organisations they interact with. There were 17 different categories of organisations, with credit unions claiming the top spot overall. RepTrak stated that credit unions won for their ‘role in providing trusted financial services to local communities and being at the heart of communities in Ireland’.

Companies were ranked on a Reputation Pulse score from 0-100, based on levels of trust, respect, esteem and admiration. With a RepTrak® score of 82, credit unions were one of four organisations to fall within the ‘Excellent (80+)’ category. The average RepTrak® score was 66.0, with the an average score of 57.5 amongst financial services organisations.

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GR8 Savers Week 2018


GR8 Savers 2018 FB Cover


Killarney Credit Union is embarking on a financial education initiative for children in the South Kerry area. A savings and spending awareness week, known as GR8 Savers Week, will run between 7th and 13th May. The event aims to encourage parents and teachers to educate children about the importance of responsible money management and saving for the future. Experts agree that adult money habits are typically set by the age of seven*, so it is never too early for children to start learning positive money behaviour.
During GR8 Savers Week, Killarney Credit Union will have in branch give-aways, colouring 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.
Speaking about the initiative, Karena McCarthy (Marketing Officer) Killarney Credit Union said: “We see it as part of our commitment and responsibility to the South Kerry community to help ensure that our young people are taught how to become financially independent. 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.”
Killarney Credit Union operates a schools savings scheme in a number of national schools throughout the Killarney and Kenmare area. Parents and guardians are encouraged to call in and find out about joining up their child as a junior member of the credit union. The credit union is offering special prizes for regular savers through the school savings scheme from now until the end of the school year. Further information on what is required to join the credit union is on
Karena continued: “All parents, children and teenagers are welcome to call into our credit union throughout the week to enjoy the fun and activity, and pick up some great tips on starting a healthy savings habit. It’s also an opportunity for young people to learn about the not-for-profit ethos of their local credit union and the fact that we will always be there for them in the future, offering fair and affordable loans for whatever they might need, be it college, a new car, a holiday or their wedding day.”
Killarney Credit Union has also put together some of their top tips for teaching children how to develop a healthy and responsible attitude to money.

1. Consider rewarding children for regular saving. Don’t focus on the amount saved, but the fact that they are developing a savings habit. Supporting and rewarding them to save even very small amounts on a regular basis will help to imbed the habit.
2. Help young people to decide on a savings goals – it’s good for them to have both a short term and a long term goal. They will find it much easier to save regularly when they are savings towards something they really want.
3. Dissuade young people from spending their savings on impulse. Remind them of their savings goal and what they originally wanted to save for. Share with them a story of something that you would have saved for when you were younger.
4. Help young people to develop a savings plan, calendar or mood-board to highlight when their goal will be achieved. Having a visual prop or a visual ‘countdown’ can also encourage them to stick to their target.
5. Give pocket money or allowances in small denominations and encourage them to put a little aside. Having a piggy bank, or better still a transparent jar so they can watch their money physically increase, is also a good idea.
6. Consider linking pocket money and allowances to chores or responsibilities in the home. This helps to embed the idea that money must be earned. The more effort required to earn their money, the less likely they will be to spend on impulse or all at once.
7. If pocket money and allowances run out at an early stage, don’t rush to replace them. Providing additional money at the drop of a hat will defeat the purpose of giving a set allowance.
8. Why not bring them in to Killarney Credit Union to open their own credit union account. This will give them a sense of independence and responsibility.

GR8 Savers Activity Sheet

Junior Membership Information


Gaelscoil Faithleann heads for National Finals

Gaelscoil Faithleann Killarney were presented with a cheque by
Killarney Credit Union to support their bid to become National Credit
Union School Quiz winners which is being held in the RDS Dublin on
Sunday 8th April. In attendance at the presentation were teachers,
students, parents and staff from Killarney Credit Union.
Gaelscoil Faithleann is being represented at the national finals by
Daire O’Briain, Adam Ó Súilleabháin, Sinéad Olibhéar, Cameron O Rua
who were the winners in the U13 age category.
Karena McCarthy, Marketing Officer, Killarney Credit Union stated “we
are delighted to see the Gaelscoil Faithleann progress once again to
the national title and we would like to wish them to best of luck in
bringing the title back to Kerry” she concluded.
The hotly contested event is run by the Irish League of Credit Unions
(ILCU) each year and attracts more than 25,000 participants. The local
and regional knockout rounds were organised by volunteers from 400
ILCU affiliated credit unions, and took place in over 300 venues
throughout the 32 counties over the winter months. At the National
Schools Quiz final, 100 teams will compete and the MC for this year’s
Quiz will be Aidan Power, TV and radio presenter.
The quiz is divided into two sections; Competition A for children up
to 11 years and Competition B for children between 11 and 13 years.
The winning teams at the national final receive €1,250 per school,
with the runner up teams in each category receiving €750 for their
schools, adding up to a fantastic prize fund of €4,000.
Gaelscoil Faithleann are no strangers to the school quiz having
reached the school quiz finals last year and winning the coveted
title in 2010.

Gaelscoil Credit UNion 2018 5

Front from left are Stephen Darmody (Killarney
Credit Union Financial Co-ordinater / Credit Controller), Daire
O’Briain, Sinéad Olibhéar and Shane Foley ( Risk and Compliance
Manager). Back from left are Treasa Ui Scannlain (Muinteoir), Adam Ó
Súilleabháin, Cameron O Rua and Karena McCarthy, Marketing Officer,
Killarney Credit Union.

Holy Communion Time

first holy communion

Avoid Unnecessary Debt this First Communion Season
Preparing for a child’s First Holy Communion is a very special time for families. In recent years however it has also become a very financially stressful time. Brand new outfits, cash gifts, lunches or dinners for family and friends and even children’s entertainment are all features of modern-day First Holy Communions. This pressure has seen many parents reaching for the credit card, or worse, contemplating a moneylender.
A May 2017 poll carried out by website revealed that almost half of people (46%) feel parents should spend between €100-200 on their child’s outfit for the day. 58% said they would expect their meal to be paid for if they were attending the celebrations. The overwhelming majority, 74%, felt that cash was the most appropriate communion gift, followed by jewellery or a watch. These attitudes are understandably compounding the financial pressure on families already grappling with daily bills.
Helen Courtney Power, Business Development Officer of Killarney Credit Union is advising parents in the South Kerry area to start budgeting now for First Communion time, and avoid getting into unnecessary debt. “We would really discourage parents from using their credit cards to fund their child’s First Holy Communion – as some can charge interest rates of more than 22%* leading to a long financial recovery period. We would especially urge people away from moneylenders – some of whom can charge outrageous interest rates of 188%** trapping people in a never-ending cycle of debt. At Killarney Credit Union we really want parents and families in the South Kerry area to enjoy this special time with their family free from financial worries, and so we would encourage them to start budgeting now. Resist the temptation to spend money on some of the more unnecessary trappings, and of course, seek out one of our friendly staff members for any budgeting tips or guidance you might need.”
Helen continued “Of course, we also understand that First Holy Communion is an important milestone in your child’s life and you might need a helping hand to fund your plans for the day. At Killarney Credit Union we are offering a special loan for the occasion, which like all our loans, does not carry any hidden transaction fees and we are happy to structure a repayment plan to suit individual circumstances. There is always the option to repay lump sums without incurring any extra penalties or charges – and this loan is available to all members, including those who have not used their account for a while or who we may not have seen in years.”
Cash gifts received for children making their First Communion have also increased. The poll found that more than half of people (51%) feel €20 should be gifted, while almost a quarter believe it should be €30. This presents a great opportunity for parents to educate their children about the importance of saving.

Helen says; “Parents can encourage their children to put aside some of their communion money by opening a credit union savings account for them. Perhaps they have been talking about something they really want such as a bike, new games or clothes. Encouraging them to save towards something they have always wanted is a good way to start their financial education. Starting to build up a savings history from an early age is also a great advantage should your child need to borrow in the future for third level or their first car.

We can offer a wide variety of loan products. These include One Year loans and also the Personal Microcredit Loan which a loan that can be repaid by social welfare payments. 

For advice on managing costs of managing the costs of Communion and Confirmation, MABS have created a useful guide.

County Leagues Fixtures 2018


Chapter 23 Kerry and West Limerick Credit Union is proud sponsors of the County League Championships. Please find attached fixture list for 2018. 

Junior Membership Drive

Easter savings

Why not join as a Junior Member of Killarney Credit Union this Easter. Join up and if you save for 6 weeks you could win some fantastic prizes. Read more here

Why not enter our Easter Colouring Competition, you could win a €50 Book voucher. To download here, please drop back to the credit union offices to enter. 

Gaelscoil Faithleann emerge winners in Schools Quiz

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Chapter 23 Credit Union Quiz Finals 2018 

Primary school students representing the credit unions in Kerry and West Limerick put their knowledge and skills to the test last Saturday evening in the Institute of Technology Tralee as they competed in Stage 2 – Chapter Level of the All Ireland Credit Union Schools Quiz 2018. Twenty teams from Abbeyfeale, Caherciveen, Chorca Dhuibhne, Clanmaurice, Killarney, Listowel, Rathmore and Tralee Credit Unions competed. The competition was intense with the narrowest of margins separating the teams at the end of a most enthralling and entertaining afternoon. There were two competitions, A, Under 11 and B, Under 13.
The very large attendance of over 400, made up of parents, grandparents, siblings, extended family members, teachers and credit union representatives thoroughly enjoyed the evening with their knowledge of geography, history, music, literature, current affairs and credit union affairs refreshed and increased.
The aims of the Quiz are to encourage learning and teamwork among primary school pupils within an enjoyable environment. Teamwork was in clear evidence in the Institute of Technology Tralee on Saturday evening last as the members of each of the twenty teams pooled their knowledge and skills to answer twelve rounds of six questions.
The winners and runners-up of Competitions A and B (1st and 2nd placed teams in each competition) now progress to the National Finals which will be held in the RDS Dublin on Sunday 8th April 2018.
In the U11 competition Gaelscoil Mhic Easmainn representing Tralee Credit Union (Grace Ní Dhomhnaill, Iarla Ó h-Ainiféin, Ruarí Ó Loingsigh, Donnchadh Mac Uilegóid) emerged as winners with Holy Family NS Rathmore Credit Union (Liam O’Keeffe, Ross Moriarty, Eoin Cashman, Grace Murphy) in second place . Glenderry NS representing Clanmaurice Credit Union (Zara McGrath, Liam Carroll, Rory O’Halloran, Jennifer Harty) secured third place
Gaelscoil Faithleann representing Killarney Credit Union (Daire O’Briain, Adam Ó Súilleabháin, Sinéad Olibhéar, Cameron O Rua ) emerged as winners in the U13 competition following a tie-breaker with Spa NS representing Tralee C.U. (Molly Sheehy, Cian O’Gara, Cian Mason, Gearóid O’Connor)which then finished in second place. Lissivigeen NS representing Killarney CU (Shane O’Sullivan, Hannah Ryan, Oisín Dineen, Aoibhín Kelly) were in third position.
The MC for the evening, Mr Christy Killeen, thanked the Quizmaster, Mrs Helen Twomey, the adjudicators, the correctors, the stewards and the personnel from the various credit unions who helped out on the day. He thanked the IT Tralee for making their excellent facilities available at short notice and Mr Billy Donegan for providing and operating the electronic score board. He said that the scoring of the teams was very high particularly as some of the questions were challenging to say the least. The points difference between the prizewinners and the rest of the teams was minimal. He said that it was a wonderful occasion and a great learning experience for all and he complimented all the participants, their teachers and their parents on their involvement in, and contribution to, the successful outcomes of the Quiz.

Community Lending now available

Killarney Credit Union this week launched its community loan product for groups in South Kerry. The loan product is targeted at community, not for profit and charities and offers loan amounts up to €100,000 over 20 years.
Speaking about the loan, Mark Murphy, CEO of Killarney Credit Union stated “We have launched this product to coincide with recent grant aid agencies supports to community groups in our locality. A lot of groups may struggle to fundraise locally and through the provision of community finance, we can assist projects come to fruition. We offer both long term community finance over 20 years or short-term bridging finance of 6 months or less which could help in grant aid draw down” he concluded.
The credit union will consider projects from all sectors including sports groups, arts, youth activities, social enterprises and community groups. Groups, clubs and societies are all eligible to open savings accounts in the credit union which can be used for fundraising/saving activities.
Mark added “To date we have supported one local charity operating in Killarney and we are working with another club in Kenmare to develop new facilities to generate additional income. While we are cognisant that there are other social finance partners available to community groups. We would like them to consider a local lender such as the credit union as we are embedded in the local community and committed to support projects that support the socio-economic well-being of people living and working in South Kerry”.
The credit union offers a very competitive rate of 6.2%* APR on community lending and 10.5% ** APR on short term bridging finance. If any group wishes to make an enquiry in relation to a community loan, they are advised to contact Elma Culloty or Emer Guihan, our dedicated lending team on 064-6631344 or This email address is being protected from spambots. You need JavaScript enabled to view it. or make a quick loan enquiry online and the team will call you back. 

kcu communityloan 2018

Members Draw

1. Staff, management, board oversight, volunteers and board of directors are precluded from entry into current member draws. A Director or staff member has never won a car.

2. All our draws are held in branch and each draw is overseen by an independent external solicitor, management, risk and compliance officer who are there to ensure that the selection process is fully transparent.

3. Members have to sign up for the members draw and agree to the terms and conditions of the draw. They can withdraw at any time at their choosing.

4. Our recent winners are published on our website and in the local media.

5.The members draw is operated on a break even basis with prize funds being distributed as car and cash prizes.

6. The members draw control procedures have been reviewed by both the internal and external auditor of the credit union. No discrepancies were noted from any draw undertaken.

7. The credit union members draw prize policy is listed in the terms and conditions of members draw application form available online. Further details on

8. There has been extensive reporting on this issue and that some reports were inaccurate and misleading and that action has been taken by ILCU and the Central Bank to have these inaccuracies corrected.

If you would like to join our members draw which takes place twice a year, please complete an application form here 

Savings Stamp Service

We wish to advise our members that the Savings Stamp service will be discontinued on the 27th February 2018. No further savings stamp books or stamps will be available for sale in branches. Killarney Credit Union are offering an alternative to our members in the form of an electronic stamp, an eStamp, on their Credit Union account which they can use for savings for bills, holidays, Christmas etc.

Why is the savings stamp service being discontinued? Unfortunately, we are no longer issuing stamps in any of the branches. The savings stamp scheme is being discontinued due to Central Bank of Ireland regulations.

What are my savings options now? The saving stamps are being replace by the eStamps account works in the same way as 'buying a stamp' - the money is lodged to a special stamp account and the member holds their own passbook showing the balance. The new estamp account will not be attached to any loan as security. These savings are fully withdrawable and are much safer than traditional stamps. The stamps are also covered by the Government Deposit Guarantee Scheme and the credit unions Life Savings Protection and would be eligible for annual dividends if declared.

What do I do with my savings stamp book?

Please return the savings stamp book and stamps (whether the book is complete or not) to the credit union. All existing outstanding stamps value will be honoured and can be converted to the new E-Stamp at any time. You can chose to redeem your stamps, pay towards a credit union loan to transfer the value to the new estamp account. You have until the 31st May to return your stamp book and stamps, after that date, stamps may not be redeemed. All returned savings stamp book will be entered into a draw to win a tablet computer from now until the end of May 2018. 

What is the benefit of the eStamp account?

  1. Added security, member’s funds are safe, in the event of theft of their membership book. At present, if a member’s physical book of stamps is lost or stolen, the loss is borne by the member.
  2. Member’s E-Stamp account will earn dividend and is included in a member’s insurable balance.
  3. The E-Stamp is not attached to loan balances. It can be lodged to and withdrawn from at member’s own discretion
  4. Odd and even amounts can be lodged into it – i.e. €7, €12, €19, €20 etc
  5. Odd and even amounts can be withdrawn from it – for example €127.50 – to pay any utility bill or other expenses.
  6. It can be withdrawn as cash or cheque or paid directly to a service provider by EFT, once bank details are provided.
  7. Members can add funds to the eStamp account using its BIC/IBAN which is available for online EFT transfers. 
  8. Members can add to the balance in their E-Stamp account at the counter also.
  9. Withdrawals from the E-Stamp account will take place at the counter, just as it is now – from members own E-Stamp account.

 Savings stamps

The Fantastic Plastic Payoff

Your local credit union in association with Radio Kerry are giving away €1,000 starting Monday 12th February. All you need to do is listen in and guess the magic number. Dont let the credit card blues get in the way, talk to Killarney Credit Union about a loan to consolidate your credit card debt, we have lots of loan options for you.

Goodbye Plastic hello Credit Union



Personal Loan

Connect Loan

One Year Loan

To make a quick loan enquiry click here

To find out how much your loan will cost here



Schools Quiz 2018

Under 13:
First place: Lissivigeen National School

1. Shane O Sullivan

2. Hannah Ryan

3. Oisin Dineen

4. Aoibhin Kelly

Under 13 First place Lissivigeen

Second place: Gaelscoil Faithleann

1. Daire O Briain

2. Adam O Sulleabhain

3. Sinead Olibhear

4. Conor Sowerby

Under 13 2nd place Gaelscoil Faithleann

Third place: Fossa

1. Finn Kennelly

2. Roan Daly

3. Philip Lyons

4. Olivia Gaffey

uNDER 13 3rd place Fossa

Under 11 Category 
First place: Scoil Bhride Loreto

1. Craig Leggate

2. Luke Courtney

3. Paddy Moore

4. Norah McGlynn

Under 11 First place Loreto

Second place: Cullina National School

1. Rachel O Loughlin

2. Dimitris Charakampakis

3. Fionan O Sullivan

4. Eanna Coffey


Third place: St Olivers National School

1. Aoife McClarence

2. Sean O Leary

3. Max O Gara

3. Kevin Looney

under 11 3rd st olivers

1st and 2nd place winners will now go on to complete at the Chapter 23 Level of the Schools Quiz on Sunday 4th March at Ballyroe House Hotel, commencing at 2.00 pm.



Members Draw Winners Jan 18

€25,000 windfall for winners in Killarney Credit Union members draw

A delighted Ulick O Sullivan, a native of Farranfore got a surprise call last week when he was notified that he had won a brand new car in the Killarney Credit Union members draw.
Ulick who is now resident in Dublin collected a brand new Ford Fiesta from Pat Sheehan, Board Chairman at a prize giving ceremony at the credit union on Saturday 20th January.
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 July 2018” 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 cash prize winners were Mary Quirke, Connie Brady, Joan Mulchinock, Tim O Sullivan,
Mary Mulcahy, Noreen O Donoghue, Julia Casey, Denis Cronin , Annette Sheehan, Eileen O Shea, Olive Sheehy, Julie Payne, Mary T O Sullivan.
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.

Credit Union Draw 1 2018 04 002

Killarney Credit Union Chairman Pat Sheehan, left, presents the keys of a new Ford Fiesta car to Ulick O' Sullivan, Farranfore, winner of the Killarney Credit Union Members Car Draw. Also included on right are Pat Delaney, Killarney Credit Union and Dermot Moriarty, Killarney Autos

Credit Union Draw 1 2018 02 002

At the presentation of the Killarney Credit Union members draw cash prizes were front from left, Killarney Credit Union Chairman Pat Sheehan, Mary Quirke and Pat Delaney Killarney Credit Union. Back from left are Mary T O'Sullivan, Connie Brady, Annette Sheehan, Tim O'Sullivan, Joan Mulchinock, Denis Cronin and Julie Payne

If you want to join the members draw, complete form and return to the credit union

Car Finance - the real facts!

16th January 2018

Car loan or PCP? How should you fund your 2018 car purchase?

Consumers in Ireland are changing their cars more frequently than before and this trend is set to continue in 2018. The latest Carzone Motoring Report (2017) says that one in two people now change their car every five years, and 60% are planning on buying either a new or used car in 2018. With so many set on a new pair of wheels in the coming months, it’s likely that a lot will struggle to decide between a traditional car loan or a Personal Contract Plan (PCP) to help finance the purchase.

For many, headline rates on PCP agreements can at first look more attractive, but these can easily distract from the range of additional charges and a good deal of inflexibility. Essentially PCPs are lease schemes. The buyer has in effect, hired the car for a particular period of time, usually 3-5 years, while they make payments. At the end of the agreement, they will have to make a balloon payment in order to own the car.

In addition, they 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.

In contrast, with a credit union car loan, the consumer simply borrows the money to pay for a car, which they own immediately, and 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.

Killarney Credit Union is reporting a recent increase in queries about car loans, which could be down to weaker sterling fuelling the increase in cheaper used car imports from the UK, along with media coverage of the inflexible nature of PCPs.

“There appears to be a renewed interest in the traditional car loan due to greater flexibility and more straightforward terms and conditions” Helen Courtney Power continued. “We would encourage anyone considering buying a new or used car in 2018 to pop in or call us at Killarney Credit Union before making any decisions. We are happy to see all our members, no matter how long it has been, and of course we are always happy to chat to anyone who has never been a credit union member.”

Speaking in more detail about the differences between car loans and PCPs, Helen Courtney Power, Business Development Officer, Killarney Credit Union said: “If you arrange finance with your credit union before going shopping for a car, you are in a much stronger position. You are effectively going as a cash buyer to the car dealer, and may well be able to negotiate a better deal. At Killarney Credit Union we offer a car loan with an APR rate of 7.8%* and we also offer car insurance, through the credit union insurance website Our loan is typically approved within 48 hours.”

Killarney Credit Union has also put together a checklist for anyone considering a PCP agreement before they sign the dotted line:

• 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.

For more information on PCP's and how they work check out


* For a €5,000, 2 year variable interest rate loan with 24 monthly repayments of €225, an interest Rate of 7.49%, a representative APR of 7.8%, the total amount payable by the member is €5,399.86. Information correct as at 16/01/18

For car loan information 

Wedding tips

Firstly, many congratulations on getting engaged, while this can be a very exciting time for any couple, it can also cause a major financial strain on both partners. The average cost of a wedding (including a honeymoon) in Ireland costs €24,427 (Source: WeddingsOnline, Jan 2017). Here are some top tips from your local credit union to help get prepared for your big day and avoid some financial pitfalls.

Top tip #1 Prepared a wedding budget (and stick to it!)
The first thing you should do to prepare for your wedding is to discuss the wedding budget with your partner. A useful tool is the wedding budget planner on the Competition and Consumer Protection’s consumer website. It will help you calculate all costs, big and small. It will help you to prioritise your spending, helping you decide what is really important for you on the big day and what can be cut.
Top tip # 2 Keep saving (even after the wedding!)
Identify any current savings and decide on a regular amount that you can afford to put aside on a regular basis until your big day. Why not open a joint account in the credit union (if available in your credit union) and start saving. You should try and save as much of the wedding costs as you can in advance and minimise the amount you need to borrow. If you are lucky enough to receive cash gifts for your wedding, why not lodge them into the credit union also, a safe place your money, where you can access when you want.
Top tip #3 Clear debts
Try and clear as many debts as you can such as credit cards, overdrafts, personal loans etc before you start saving. Starting married life with debt can create a headache for both partners as additional costs such as mortgages, education or childcare may occur in the future.
Top tip #4 Keeping account of your wedding spending
Once you have set your budget and start to purchase items for your wedding, it is a good idea to keep track of your spending to ensure you stick with your budget. There are several wedding budget apps available online or alternatively use an Excel spreadsheet to keep a record.
Top tip #5 Borrow wisely
If you are borrowing for your wedding, compare rates from all the financial providers. Many credit unions offer specific wedding loan products with competitive rates. They may also offer short term bridging finance to cover costs until wedding cash gifts are received. Borrow as little as possible and don’t be tempted to spread the payments too far into the future. This will cost you more in interest and could have an impact on your future plans. Avoid putting wedding expenses on credit cards and overdrafts as the APR on this type of finance can be high. By borrowing from the credit union you benefit from free loan protection, no hidden fees or charges and flexible repayment terms. Your local credit union has your best interests at heart, so try and support them as much as possible. For information on credit unions locally see
Top tip #6: Insurance (of all types!)
Consider taking out wedding insurance as it offers you more security if something does go wrong -such as cancellation, or a trader failing to deliver a service. Many insurance providers offer wedding insurance so make sure you know what the policy covers and compare costs before you buy.
If you are planning a honeymoon of a lifetime, ensure that you have all the cover you need when it comes to travel insurance. The credit union in partnership with can offer competitive travel insurance rates that are exclusive to our members and will make sure you have the right level of cover for your honeymoon.
Top tip #7: After the wedding
If you are changing address or moving house after the wedding, make sure to bring your new address identification into the credit union (a utility bill, bank statement, revenue document etc). If you wish to change the name on the account from maiden name to married name (bring in marriage certificate also) and photographic ID such as a passport or drivers licence.

For information on Wedding Loans 

For information on opening a joint account here

Killarney CU AGM

Killarney Credit Union held its Annual General Meeting on Tuesday 12th December in the Gleneagle Hotel, Killarney at 7.30pm. The The credit union which is now serving the needs of over 25,000 members was attended by 120 people has been in existence since 1970 and has seen strong growth in the past 12 months.
Mark Murphy, CEO of Killarney Credit Union stated “The assets at the credit union now stand at nearly €109 million. In the past year, we facilitated the people of Killarney & Kenmare with over 2,440 individual loans to a value of €13.9 million”.
With the initial signs of economic recovery in the local economy, member’s confidence has seen a saving increase of €3 million bringing total savings in the credit union to €94 million. The credit union has seen consistent demand for its online banking service where members have full online access to their account to make account transfers and pay bills. The credit union also introduced a range of new loan products including a first time borrower loan, an asset backed loan and a community loan.
Mark added “there is strong demand for the development of new products such as electronic banking services. The credit union has recently been approved by the Central Bank of Ireland to offer a personal current account service which would offer an overdraft facility, contactless debt card and Apple/Android mobile phone payments.
The credit union has been heavily involved in sponsorship of local clubs, societies and charities in the past 12 months with over 40 groups receiving €20,000 in sponsorship. The credit union has an ethos of supporting local initiatives.
Pat Delaney, Chairman of Killarney Credit Union stated “We are proud of the role we continue to play in being more than a financial institution but a valuable resource to the South Kerry community and its people. While modest, we are delighted to offer our members a return on their savings by paying a dividend this year. We would like to thank all of our members for their continued loyalty and support of our services” he concluded.
Mr Delaney steps down as Chairman of the board since his appointment in 2013; he acknowledged the hard work of his fellow directors and will remain on the board of directors for the next year. Pat Sheehan, a Killarney based solicitor was elected the new Board Chairman of Killarney Credit Union.


Pat Sheehan, Chairman of Killarney Credit Union 

AGM 2017

agm event cover

Annual General Meeting takes place on Tuesday 12th December in the Mangerton Suite, Gleneagle Hotel at 7.30pm. Please bring passbook for ID purposes. Raffles, light refreshments served on the night. If you are travelling from Kenmare, please note a complimentary bus departs from credit union Kenmare at 6pm, please book on 06431344 before the 8th December. 

AGM Booklet 2017


Credit Union wins International Award

Killarney Credit Union scoops three international awards

Killarney Credit Union received four international awards for excellence last weekend (Saturday 25th November) at an awards ceremony in Bloomsbury, London. The credit union were the recipients of awards from the International Credit Union Leadership Development and Education Foundation.
They were the category winners in the Edward Filene Credit Union Awards for Excellence -Great Britain and Ireland. They were outright winners in the category “Engaging in community outreach and mobilisation” and in the category “Serving as a financial incubator for seed, small and medium sized businesses”. They were runners up in the category “Use of the Media”. They were award a special award for Film Production on the night. 
Speaking about the awards, Pat Delaney, Chairman of Killarney Credit Union stated “it is wonderful accolade to receive these awards from the International Credit Union Leadership Development and Education Foundation. We are honoured to be recognised for our efforts as a credit union by a panel of international business and credit union experts. The adjudication process was comprehensive in nature and it is wonderful to be recognised for credit union excellence in both the UK and Ireland” he concluded.
Previous winners of the Edward Filene Awards were Glenamaddy Credit Union in Galway, there has been no other Irish credit union winner since 2011. In attendance was representatives from credit unions throughout the world including the United Kingdom, Philippines, Australia and United States who received awards as Development Educators for credit unions.
The Guest of Honour and Keynote Speaker was Marlene Shiels, O.B.E., F.C.I.B.S.(Hon), I-CUDE, Chief Executive Officer of Capital Credit Union Ltd, Edinburgh who has recently been invested with the “Order of the British Empire” (OBE) by Her Majesty the Queen; it is believed she is the first credit unionist to be so honoured.
In presenting the award for Performance Excellence for a Credit Union serving as a financial incubator for seed, small and medium enterprises operated by credit union owner-members, the judge stated
“Killarney Credit Union is a powerhouse of social enterprise and community social and economic empowerment, passionate evangelists for what they do, and so has become the winning credit union for performance excellence in lending to owner-members to develop their businesses. They added “As someone long involved in the alternative business finance sector, I can only be impressed by the professional standard and legal compliance of this business growth and bridging loan initiative, which never loses its focus on supporting the local community. The financial capability is there, behind the scenes, and the entrepreneurial spirit of the credit union shines through” they concluded.
In presenting the award for Performance Excellence for Engaging in community outreach and mobilisation by a credit union, the judges stated
“Killarney Credit Union is an extraordinary credit union”. They added “Sport is an integral part of the Irish psyche, so this simple but effective method of tapping into the competitive nature and local loyalties has reaped great rewards” they concluded.
As runner up in the “Use of the Media” category, the credit union was recognised for its use of social media and website for engagement with its members and communicating relevant messages to its target audience.
Representing the credit union on the night were Pat Delaney, Chairman of Killarney Credit Union, Stephen Darmody, Financial Controller and Helen Courtney Power, Business Development Officer.
Pat Delaney added “we would like to thank the Foundation for these awards and are proud to bring home the awards back to South Kerry and proudly display them in our 3 branches” he concluded.

Killarney2 min

l-r Helen Courtney Power, Business Development Officer, Pat Delaney, Board Chairman and Stephen Darmody, Financial Controller, Killarney Credit Union with their winning awards in the Edward Filene Credit Union Awards for Excellence -Great Britain and Ireland at an awards ceremony in Bloomsbury, London on Saturday 25th November 2017.

Killarney1 min

Photo 1: Helen Courtney Power, Business Development Officer, Killarney Credit Union accepting the award on behalf of Killarney Credit Union in the Edward Filene Credit Union Awards for Excellence -Great Britain and Ireland from Marlene Shiels, O.B.E., F.C.I.B.S.(Hon), I-CUDE, Chief Executive Officer of Capital Credit Union Ltd, Edinburgh at an awards ceremony in London on Saturday 25th November.

For more information on the foundation:


Art Competition Winners 2017

Press Release
21ST November 2017
Celebrating local artistic talent with prize giving ceremony

Killarney Credit Union held their presentation evening for the winners of its Art Competition on Friday night 17TH November at its head office in Beech Road.
There was a large attendance at the event where winners from the Under 7 to Over 18 category were presented with an award certificate, cash prizes and gift bags.
Speaking about the event, Joy Clifford Vaughan, Youth Officer from Killarney Credit Union stated
“There was a huge entry this year and we would like to thank all those schools throughout South Kerry who participated in the competition. This year, we had winners from Lissivigeen National School, Gaelscoil Faithleann, Anabla National School and Kerry Parents & Friends. With a theme of “Set your imagination free” this year allowed for great creativity and interpretation” she concluded.
Pat Delaney, Chairperson from Killarney presented the prizes to the following:
Under 7 Category
1st: Hudson Keogh, Headford, Killarney Lissivigeen NS
2ND: Sean Horan, Deerpark, Killarney Lissivigeen NS
3rd: Dara Horan, Deerpark, Killarney Lissivigeen NS
8-10 Category
1st: Roisin Morris, Glenflesk Lissivigeen NS
2nd: Daniel Cronin, Ballyhar Gaelscoil Faithleann
3rd: Amelie Counihan, Glenflesk Lissivigeen NS
11-13 Category
1st: Mia Counihan, Glenflesk Lissivigeen NS
2ND: Olwyn Evans, Kilcummin Anabla NS
3rd: Isabelle O Connor, Deerpark Lissivigeen NS
18+ Special Category
1st: James O Shea, Kilgobnet Kerry Parents & Friends
2nd: Martina Maher, Kilcummin Kerry Parents & Friends
3rd: Roger McCarthy, Killarney Kerry Parents & Friends
The 1st place winners of each category will go on to represent themselves and their schools at Chapter 23 Kerry and West Limerick Credit Unions Regional Level on Saturday 2nd December in the Manor West Hotel at 2pm. The first place winners will then go on to represent Chapter 23 at the national finals in Dublin.
Now in its 34th year, the competition attracts up to 50,000 entries through 300 credit unions nationwide and caters for all ages, with categories ranging from under 7 to over 18 and adult. There is a special category for those with physical and intellectual disabilities.

View the embedded image gallery online at:

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