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21 December 2014
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Credit Union News

"Latest news, anouncements and important notices"

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A Volunteer Open night will take place on Thursday September 11th at 8.00pm in the Credit Union office on Skehard Road. All interested members are welcome to attendClickDownload Volunteer Form (287.2kb)


Happy New Year 2014


All at St. Michael’s Credit Union would like to wish our members, staff, volunteers, families & friends a very Happy New Year 2014!!!!!!!!!!


Facebook Comp Winner


Congratulations to our recent winner Lisa Wade Murray who received a €50 Super Valu Gift voucher from our Facebook Competition. Well done Lisa!!! Stay tuned for more Competitions!!!  #membersmattermost

 


STMCU FACEBOOK COMP


COMPETITION TIME:

We have a €50 Super Valu Gift Card for one lucky winner.

Just ’LIKE’ & ’SHARE’ and comment ’DONE’ on this post on our facebook page https://www.facebook.com/stmichaelscu to be in with a chance of winning!!!!!!!

T&Cs apply.— with Scallys Supervalu Blackrock.


Christmas 2013 Opening Hours



Extended Saturday Opening Hours


Now open @ Skehard Road until 2pm every Saturday


Mahon Point Office Relocation


St Michael’s Credit Union Ltd

Important Notice to Members

Relocation of the Mahon Point Branch Office

We wish to advise Members of St Michael’s Credit Union that our Mahon Point Office will close for credit union business on Saturday October 26th at 3.00pm. And will not reopen following this date. As and from Tuesday October 29th members can transact their credit union business at our Main Office on Skehard Road.

The closure of our Mahon Point branch is due to a review of our operations and brought about by the current economic situation.

In order to facilitate members and to avoid any inconvenience, transactions can now be made by Debit Card, Standing Order, Direct Debit or internal transfer. Please ask a member of staff for details on any of the above methods of payment.

To facilitate our members extended opening hours at our Skehard Road office will commence from October 29th.

The Board of St Michael’s Credit Union regrets any inconvenience caused by the closing of our Mahon Point Branch.

Contact details for any queries

Telephone: 021-4357771

E-mail: info@stmichaelscu.ie

www.stmichaelscu.ie

Board of Directors

October 2013


International CU Day 2013


International Credit Union Day 2013.

Thursday 17th October 2013.

Together for Generations


INTERNATIONAL CU DAY 2013


INTERNATIONAL CREDIT UNION DAY 2013:

Date: 17th October 2013

Time: All Day...

The theme is

’’TOGETHER FOR GENERATIONS’’

Call to either office
@ Skehard Road or Mahon Point S.C. to celebrate the day with us.

Pay your Bills for a Year Competition


COMPETITION TIME:

UNLOCK THE CASH - PAY YOUR BILLS FOR A YEAR

Cork Chapter XI are celebrating 50 Years and have announced the above competition, PAY YOUR BILLS FOR A YEAR....payable as €1000 per month for 12 months!!!...

This is a TEXT only competition with the following question......

’WHAT ARE YOUR SAVINGS IN A CREDIT UNION CALLED’?????

Please text CREDIT followed by your ANSWER followed by
YOUR NAME to 51500. (Standard SMS rates apply)

Terms & Conditions Apply.

See http://www.corkcreditunions.com/terms.html for more details


2013 ILCU ART COMPETITION


The competition which is one of the biggest for children and adults alike on the island of Ireland is now open for entries from budding artists of any age around the country.

This year’s thought provoking theme ‘Gotta Lotta Colour’ is open to interpretation by each entrant but aims to celebrate the imagination, vibrancy and creativity of Irish people and their communities.

The competition, which attracts over 30,000 entries each year, will be run through a network of over 486 credit unions located throughout the island of Ireland and will culminate in the national final which will be held in February 2014.

In 2011, the former poster competition changed to an ‘art’ competition to encourage wider participation across all age ranges and to allow for greater artistic freedom and expression.

Speaking at the launch Kieron Brennan ILCU CEO said:

This is a hugely popular all Ireland art competition which aims to encourage artist expression and creativity from young and old. It is so important to nurture our budding artists and celebrate our communities and this is what this competition does. The volume and indeed the standard of entries has been incredible over the past 30 years and we are expecting nothing less this time around.

 

How the Competition Works

There are two categories in the 2013 national Art Competition – General and Special. Each category will have the following age groups:


•7 years and under
•8-10 years
•11-13 years
•14-17 years
•18 years and over

 

The Special Category encourages participants with a physical or intellectual disability to submit entries in free expression without the restriction of the competition’s official theme (should they so wish).

Local winners at credit union level in each category go forward to Regional Finals. Winning entries from regional level go through to the National Final. Prizes will be awarded at each stage and a National Awards Ceremony will be held in February 2014 and will be hosted by TV personality Marty Whelan.

For more information contact us @ St. Michael’s Credit Union. Closing date for entries Friday 25th October 2013.


Tony Burke / STMCU Bursary


Tony Burke/ St. Michael’s Credit Union Bursary

Owing to the generosity of the family of the late Tony Burke, former Chairman of St.Michael’s C.U. we are offering a Bursary of €1000 for the next Academic year to a student entering U.C.C. for the first time. The conditions are;

  • The recipient must be a member or the child of a member of St. Michael’s C.U.
  • Subjects for study must include at least one (1) of the following; Irish, Mathematics or Geography.
  • The applicant must have achieved a minimum Grade C3 in Honours Irish in the Leaving Cert. Only performance at a first sitting of the Leaving Cert. will be considered.
  • The award will be made by U.C.C. on our behalf based on Leaving Cert. results.
  • In the event of no student qualifying the Bursary will be held over until the following Academic Year.

Entry forms may be collected at either Skehard Road or Mahon point Offices.

Closing Date is 31st August 2013.


ILCU research future outlook for CU’s


ILCU publishes research on future outlook for credit unions:

I am delighted to present the results of the second comprehensive Amárach research into credit union member (and non-member) attitudes and the future outlook for the Irish credit union movement. As you will see from the detail that follows, the results are heartening for all involved in our movement, despite the current challenges in the financial services sector in general. Credit unions remain popular and trusted, with convenience and community ethos being key drivers of this view. This is in stark contrast to the public perception of banks. In addition, it is worth noting that over two thirds of respondents in the Republic of Ireland agreed that credit unions can play an important role in economic recovery.

Some of the key highlights from the research are as follows:

- Half of the adult population in the Republic of Ireland are active credit union members. This is the highest membership penetration rate in the world.

- Almost 8o% of adults believe that credit unions are becoming more relevant and almost all believe that our service levels have improved, unlike many of our competitors who are actively reducing the level of service available to their customers.

- Credit unions have over three times the number of people who would recommend them than other financial institutions and have substantially fewer people who view them negatively. There is a significant opportunity for credit unions to capitalise on this positive feeling.

- Credit unions are seen as being financially stronger than other financial institutions and are the preferred choice for personal loans and car loans. It is worth pointing out that credit unions are open for business and have plenty of funds available to lend. Our personal loan rates are capped at 12% per annum and the average rate charged is close to 10%.

- 32% of non-members surveyed said that they are likely to join their credit union during the next year. The challenge for us is to capitalise on this positivity and make sure that these people know that they are welcome in our credit unions, a challenge that I am sure we are up for.

- Importantly for our future, there is a huge appetite for our members for more products and services, particularly for electronic services and in shared branching, which would allow members to avail of services through any credit union.

All of this is good news for our movement. It shows that credit unions can thrive in adversity and that they can play a huge positive role in the future of our country.

Martin Sisk, President ILCU.


Fexco Draw


This summer Fexco would like to give all Credit Union members using our foreign exchange service the opportunity to win a cash prize of €500.00 for a local community organisation or charity of the member’s choice.

The winning member will receive a Sony digital camera.

Three draws a month will take place over June, July and August.

Entry forms can be found at St. Michael’s Credit Union, to enter, present the completed form together with your foreign exchange receipt.

Good Luck!

STMCU Facebook Competition


Imelda May - Live @ the Marquee Cork

Link: http://www.facebook.com/pages/St-Michaels-Credit-Union/496004153804247

Just ’LIKE’ & ’SHARE’ to enter!!!!

Photo:


STMCU Facebook Page


align=middle

St. Michael’s Credit Union have recently started a Facebook page.

Link: http://www.facebook.com/pages/St-Michaels-Credit-Union/496004153804247

Like & Share the page to be in with a chance to win 2 Tickets to Imelda May, Live @ the Marquee, Cork on Tuesday 9th July 2013

St.


SMCU 50TH Anniversary Draw


The member’s draw took place at the Skehard Road office on Saturday 30th March 2013 & was attended by Joe Forde Chairman St. Michaels Credit Union & William Hurley, Chairman of the Supervisory Committee. The winners were:

  • Ticket No: 159 - Elizabeth Kenneally
  • Ticket No: 153 - John Fitzgerald
  • Ticket No: 166 - Jacqueline Kelleher

The winners were contacted by phone & email. Presentation of the cheques took place on Tuesday 2nd April 2013 & were presented by Brendan Raleigh, Founding member, with the 50th Committee present. Details of the winners were placed in the banking hall of both Skehard Road & Mahon point.

Further Photo’s of the night are available at the Picture Gallery Section of the website.


Easter 2013 Opening Hours


Members please note the following Opening hours for the Easter Period 2013

Friday 29th March 2013 - GOOD FRIDAY - CLOSED

Saturday 30th March 2013 - EASTER SATURDAY - NORMAL SATURDAY HOURS

Monday 1st April 2013 - EASTER MONDAY - CLOSED

Tuesday 2nd April 2013 - NORMAL HOURS THEREAFTER.


50th Celebration ’Free Draw’


To celebrate our 50 years, St. Michael’s Credit Union Ltd will be holding a ’FREE DRAW’ for all our members. The draw will be held on March 30th at our Skehard Road office @ 12 noon.

50 entries will be selected for the main draw. Three members will then be chosen for the 3 prizes of €500.

(Subject to terms & conditions. For more details, please ask a member of staff at any of our two branches)

 

 

 


Variable Interest Rate Increase


As and from Monday March 4th, 2013 the variable rate of interest applying to loans will increase from 8.48% to 9.98% and on the sub 7 loans from 6.95% to 8.45%

Click here for more information


St. Michaels CU 50th Anniversary Mass


 

A Mass for Deceased Officers/Members &

Current Officers/Members will be held at

St. Michael’s Church Blackrock on

Wednesday 13TH March 2013

at 8.00pm. 

Light Refreshments will be served afterwards in the Parish Centre.

ALL MEMBERS ARE WELCOME

 


Credit Union Schools Quiz 2013


                    

Don’t Be A Scaredy Cat!

GET YOUR PLACE

  

AT THE

 

2013 ALL IRELAND CREDIT UNION SCHOOLS QUIZ

  

All Ireland winning hurler Henry Shefflin and Olympic boxer Paddy Barnes today joined Marty Whelan and the Irish League of Credit Unions to launch the 2013 All – Ireland Credit Union Schools Quiz.

The Quiz which is now one of the most popular events of the school calendar, attracts about 25,000 participants North and South of the island. This annual event, which is now in its 22nd year, is run through the winter months in over 300 hundred venues in towns and communities across the country and is run by volunteers from over 487 ILCU affiliated credit unions.

The Quiz questions are taken from the primary curriculum and prepared by primary school teachers. The questions which are aimed at children under the age of 13, cover topics such as geography, history, music, literature and sport.

The quiz consists of two knock out stages at local and regional level and culminates in a National Final Day in Dublin in early April 2013 where 100 qualifying teams compete

Speaking at the 2013 Quiz Launch, ILCU Head of Communications, Mandy Johnston said:

We are delighted to be here with two of Irelands’ most prolific sports people marking both the launch and the 22nd year of the All Ireland Credit Unions Schools quiz.

We are expecting the 2013 event to be the biggest and most popular quiz to date and we look forward to seeing the qualifiers at the RDS next April for the big event.

She added:

I want to say a big thank you to our volunteers from credit unions nationwide who work incredibly hard to make sure this event is a success year on year.

Registration for the 2013 Schools Quiz is now open, for registration forms or further information, contact your local credit union or visit the ILCU website at www.creditunion.ie. Teams must submit their entry on the official entry form by Friday 18th of January 2013 to their local credit union.

 

About the All-Ireland Schools Quiz

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.

 

  • Local quiz winners go through to the Regional Finals and regional winners and runners-up (100 teams of 4 children) will compete for the National titles in April 2012.
  • Local winners will receive prizes from their local Credit Union.
  • Regional winners and runners-up will also receive prizes and their schools will receive cheques.
  • The National winners and runners-up receive a silver salver, significant personal prizes – and their schools are each awarded a substantial cheque. 
  • Every finalist receives a special certificate marking their achievement.

 


St. Michaels CU Ltd - 50th Anniversary


St. Michaels Credit Union Ltd. will be celebrating their 50th Anniversary in March 2013

Stay tuned for more information and upcoming events .........


Christmas Opening Hours 2012


The Folowing are the opening hours for the Chrstmas Period

                                                           SKEHARD ROAD            MAHON POINT

SATURDAY 22ND DECEMBER 2012     10.00AM - 1.00PM       10.00AM - 3.00PM

MONDAY 24TH DECEMBER 2012             CLOSED                            CLOSED 

TUESDAY 25TH DECEMBER 2012            CLOSED                            CLOSED

WEDNESDAY 26TH DECEMBER 2012       CLOSED                            CLOSED

THURSDAY 27TH DECEMBER 2012          CLOSED                            CLOSED

FRIDAY 28TH DECEMBER 2012            9.30AM - 6.00PM          9.30AM - 6.00PM

SATURDAY 29TH DECEMBER 2012     10.00AM - 1.00PM        10.00AM - 3.00PM

MONDAY 31ST DECEMBER 2012          9.30AM - 5.00PM          9.30AM - 5.00PM

TUESDAY 1ST JANUARY 2013                  CLOSED                            CLOSED

WEDNESDAY 2ND JANUARY 2013      9.30AM - 5.00PM           9.30AM - 5.00PM

 AND BUSINESS AS USUAL THERAFTER........

On Behalf of all at St. Michaels Credit Union Ltd. we wouldlike wish all our members and families a very happy and peaceful christmas and a prosperous New Year 2013.

St. Michaels Credit Union Ltd.


International CU Day 2012-18/10/12



International Credit Union Day 2012


Date: 18 October 2012 - 18 October 2012
Time: All Day

ICU Day will be celebrated this year on Thursday 18th October 2012.

The theme is Members Matter Most.

The clear and simple message, ‘Members Matter Most,’ summarises credit unions’ reason for being. In the face of all challenges, credit unions have always existed to serve their members.  This is a great opportunity for your credit union to raise awareness about the great work that credit unions are doing and give members the opportunity to get more involved.


ART ATTACK!!!!!


ART ATTACK! All Ireland Credit Union Art Competition Returns

Media Release: 04 September 2012

2012 competition now open for entries 

Paddy Barnes may have mastered the art of boxing but now the Olympic double bronze medallist is encouraging people across the country to pick up a paintbrush or pencil to enter the 2012 All-Ireland Credit Union Art Competition.

The Irish League of Credit Unions have today announced the launch of the All-Ireland Art Competition.  The competition which is one of the biggest for children and adults alike on the island of Ireland is now open for entries from budding artists around the country.

This year’s theme ‘Celebrate Community Colour’ is open to interpretation by each entrant but aims to celebrate the vibrancy and strength of Irish communities as we battle through tough economic times.

The competition, which attracts over 30,000 entries each year, will be run through a network of over 490 credit unions located throughout the island of Ireland and will culminate in the national final which will be held in February 2013.

In 2011, the former poster competition changed to an ‘art’ competition to encourage wider participation across all age ranges and to allow for greater artistic freedom and expression. 

Speaking at the launch, Jimmy Johnstone, President of the Irish League of Credit Unions said: 

Supporting and nurturing the artistic talents of Irish people across the country is the main aim of this competition and celebrating our communities has never been more important. This competition is one of the credit unions most popular events and the huge volume of entries year on year shows us that despite the digitalisation of hobbies and pastimes, art remains a passion for many.

How the Credit Union Art Competition Works

There are two categories in the 2012 national Art Competition – General and Special. Each category will have the following age groups:

  • 7 years and under
  • 8-10 years
  • 11-13 years
  • 14-17 years
  • 18 years and over

The Special Category encourages participants with a physical or intellectual disability to submit entries in free expression without the restriction of the competition’s official theme (should they so wish).

Local winners at credit union level in each category go forward to Regional Finals. Winning entries from regional level go through to the National Final. Prizes will be awarded at each stage and a National Awards Ceremony will be held in February 2013 and will be hosted by TV personality Marty Whelan.

All entries must be submitted to your local Credit Union. For further information, please contact your local Credit Union for closing dates.

 


New Services @ St Michaels CU


· DIRECT DEBIT FACILITY

· E.F.T. PAYMENTS

· LASER/DEBIT CARD & CASH BACK

PLEASE ASK STAFF FOR DETAILS


Tony Burke/St. Michael’s CU Bursary


 

Tony Burke/ St. Michael’s Credit Union Bursary

Owing to the generosity of the family of the late Tony Burke, former Chairman of St.Michael’s C.U. we are offering a Bursary of €1000 for the next Academic year to a student entering U.C.C. for the first time There will be four subsequent Bursaries, making five (5) in all. The conditions are;

  • The recipient must be a member or the child of a member of St. Michael’s C.U.
  • Subjects for study must include at least one (1) of the following; Irish, Mathematics or Geography.
  • The applicant must have achieved a minimum Grade C3 in Honours Irish in the Leaving Cert. Only performance at a first sitting of the Leaving Cert. will be considered.
  • The award will be made by U.C.C. on our behalf based on Leaving Cert. results.
  • In the event of no student qualifying the Bursary will be held over until the following Academic Year.

 Entry forms may be obtained from the Credit Union offices in Skehard Road or Mahon Point. 

                            


New EMAIL Address


 

Members please note our new email address for your records,

We are now at:   info@stmichaelscu.ie

St. Michaels Credit Union Ltd.

 


Extended Opening Hours @Skehard Rd


As and from 10th April 2012, our office at Skehard Road will be open until 5.00PM Monday - Thursday.

OPENING HOURS:

                                      SKEHARD ROAD                     MAHON POINT

MONDAY                          9.30am - 5.00pm                   9.30am - 5.00pm

TUESDAY                         9.30am - 5.00pm                   9.30am - 5.00pm

WEDNESDAY                    9.30am - 5.00pm                   9.30am - 5.00pm

THURSDAY                       9.30am - 5.00pm                   9.30am - 5.00pm

FRIDAY                            9.30am - 6.00pm                   9.30am - 6.00pm

SATURDAY                      10.00am - 1.00pm                  10.00am - 3.00pm


Easter 2012 Opening Hours


Members please note the following Opening hours for the Easter Period 2012

Friday 6th April 2012 - GOOD FRIDAY - CLOSED

Saturday 7th April 2012 - EASTER SATURDAY - NORMAL SATURDAY HOURS

Monday 9th April 2012 - EASTER MONDAY - CLOSED

Tuesday 10th April 2012 - NORMAL HOURS THEREAFTER.


ILCU School Quiz-CU LEVEL 6/02/12


St. Michael’s Credit Union Ltd. held Stage 1 - Credit Union Level of The Credit Union Schools Quiz 2012 on Monday 6th February 2012.

The Quiz was held at Blackrock Hurling Club, Church Road, Blackrock, Cork. School’s that took part in the Quiz included Beaumont Girls, St. Michael’s National School & Beaumont Boys. The Quiz was seperated into two Sections,

Section A - Entrants must not have reached their 11th birthday on or before 31st December 2011.

&

Section B - Entrants must not have reached their 13th birthday on or before 31st December 2011.

After 12 Rounds of Questions (10 for Section A), the winners were announced.

The Winners of Section A was Beaumont Girls School & The Winners of Section B was Beaumont Boys School.

Both Winning Teams will go forward to The Regional Final - Chapter Level which will be held on the 4th March 2012 at The Rochestown Park Hotel, Rochestown, Cork  


CU Schools Quiz 2012 - CU Level


St. Michael’s Credit Union Ltd. will be holding Stage 1 - Credit Union Level of The Credit Union Schools Quiz 2012 on Monday 6th February 2012.

The Quiz will be held at Blackrock Hurling Club, Church Road, Blackrock, Cork @ 10.30AM. All schools in the Area/Common Bond are invited to attend - Registration forms are available from St. Michael’s Credit Union Ltd.

More information is available below.......


Credit Union Schools Quiz 2012


ARE YOU READY TO GIVE IT SOCKS?

The Irish League of Credit Unions (ILCU) has launched its 2012 All - Ireland Schools Quiz. The annual event, now in its 21st year has become the highlight of the school calendar, attracting over 25,000 participants in over 300 venues throughout the 32 counties.

The Quiz will be run throughout the winter months in communities all over Ireland by volunteers from over 496 ILCU affiliated credit unions.

With the aim of encouraging teamwork among young school children under the age of 13, the questions for the Quiz are compiled by primary school teachers and will cover topics such as geography, history, music, literature and sport.

The Quiz consists of two knock out stages at local and regional level and culminates in a National Final Day in Dublin in early April 2012 where 100 qualifying teams compete

About the All-Ireland Schools Quiz

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.

Competition A:  Entrants must not have reached their 11th birthday on or before 31st December 2011.

Competition B:  Entrants must not have reached their 13th birthday on or before 31st December 2011.

Local Quiz winners go through to the Regional Finals and regional winners and runners-up (100 teams of 4 children) will compete for the National titles in April 2012.

Registration for the 2012 Schools Quiz is now open, for registration forms please contact your local St. Michael’s Credit Union.

Teams must submit their entry on the official entry form to their local credit union by 20th January 2012.      

Rules – 2012 Schools Quiz

  • Teams must comprise of 4 children
  • Teams can only enter the quiz once
  • Schools may enter as many teams as they wish, subject to any limitations a local credit union wishes to impose
  • Team members must be attending the school they are representing at the time of the quiz
  • A team’s participation in Competition A or B is determined by the age of the eldest member of the team (e.g. if two children are 10 and two are 12, the team must enter Competition B)
  • Teams must submit their entry on the official entry form by Friday 20th January 2012 to their local credit union
  • Teams may not change members between Stages, other than in exceptional circumstances and then only following a formal request to the organisers
  • Substitutions cannot be submitted on day of the quiz
  • In the event of queries at the quiz, the decision of the Quiz Adjudicator will be final and no correspondence will be entered into
  • Prompting can be considered as cheating and lead to a team’s disqualification
  • Children are prohibited from taking mobile phones into the quiz venue.  Mobile phones found will be confiscated and the competitor will be disqualified
  • Whilst the credit union will endeavour to provide a safe and comfortable environment for children during the event, the credit union will not act in loco parentis and the primary responsibility for the children remains with their parents/guardians at all times
  • The consent form (part of the entry form) allowing credit unions, chapters and the ILCU to use photographs of the participants, should be signed and returned with the entry form.  If parents or guardians have decided not to give their consent, this should be clearly indicated to the organisers of the quiz
  • The Irish League of Credit Unions (ILCU) will not be responsible for resolving any disputes/queries occurring at stages 1 and 2.

Notice of The 49th Annual General Meeting


 

St. Michael’s Credit Union Ltd. will be holding their Annual General Meeting on Wednesday 18th January 2012, at 8.00pm. The AGM will take place at the Blackrock Hurling Club, Church Road, Blackrock, Cork.

Members are invited to attend and are requested to bring their Credit Union Book/Passbook.

All Members in attendance will qualify for free entry for Spot Prizes.

Raffles will be held throughout the evening.


DOUBLE PROTECTION FOR CREDIT UNION SAVERS


Credit Unions savers  now have a double protection in comparision to banks.

  • Credit Union savers have a €100,000 savings guarantee announced on 20 September 2008 by the Minister for Finance.
  • Credit Unions also have the backing of their own Savings Protection Scheme of €110 million.

Mr. Kieron Brennon (CEO, Irish League of Credit Unions) welcomed the announcement by the Minister of Finance which now includes Credit Unions in it’s deposit guarantee scheme. The scheme guarantees savings up to €100,000 per individual.

Mr. Brennon also pointed out that Credit Unions also have it’s own Savings Protection Scheme, covering it’s 521 member credit unions. This scheme is owned and operated by the Irish League of Credit Unions.  The Savings Protection Scheme was developed in 1989 to protect the savings of ILCU credit union members.  


NOMINATIONS - IMPORTANT NOTICE FOR MEMBERS


Property in a credit union can be subject to a Form of Nomination so that on the death of the member making the nomination (the nominator), the property is distributed in accordance with the nomination.

All types of property in a credit union can be subject to nomination.  This includes savings, loans and insurances. 

To be valid, a nomination must:

* be made by a person over 16 years of age who has been duly admitted as a member of the credit union in accordance with the Act and the Rules

* be in writing and delivered during the member’s lifetime to the offices of the credit union

* name and clearly identify the person or persons to be entitled to the nomination ( the nominees)

* New Nomination Limits were brought into legislation on 17th October 2006.  The Credit Union Act 1997(Alteration of Financial Limits) regulations 2006 provides for the following: 

 - There is an increase in the statutory maximum which may be paid out under a validly completed nomination form from €13000 to €23000.

- There is also an increase in the statutory maximum which may be paid out by a credit union under the provision for small payments on death from €6400 to €15000.

St. Michaels Credit Union encourages all members to complete a valid Nomination Form today.

If you have any questions, please ask a staff member.

 

 


Apply for a loan online with St. Michaels Credit Union


In order to facilitate members, it is now possible to apply online for a loan.

If you have any difficulty with this process or if you require further information, please e-mail us at bankinghall@stmichaelscu.ie or mp@stmichaelscu.ie or alternatively contact Skehard Road on 021 / 435 7771 or Mahon Point on 021/ 461 4884.

 


Updated: 21 August 2014