 Tony Burke/ St. Michael’s Credit Union 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 from the morning of Tues. 16th Feb. 2010.
Yours sincerely,
Pat Browne (Chairman)
 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.
Fashion Week 2008 in Mahon Point
April 27th & 28th 2008 saw Mahon Point Shopping Centre host yet another successful weekend of fashion shows.
St. Michaels Credit Union Mahon Point got involved in its own way by hosting a raffle for members giving them the chance to win a €150 voucher for Debenhams and the Homestore.
The draw was held on Thursday 8th of March and we were delighted to award the vouchers to members Laura O Sullivan & Ann Coulter. Needless to say, both were delighted with their prizes.
Here’s Laura O Sullivan, one of our youth members, recieving a €150 voucher for Debenhams from Eilish Walsh of St. Michaels Credit Union Mahon Point.
And here we have Ann Coulter, one of our longer term members, recieving her €150 voucher to the Homestore from Sean Lucey of St. Michaels Credit Union Mahon Point.
St. Michaels Credit Union were delighted to be involved in the fashion week and recieved great response from all the members who took part.
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 stmichaelscu@eircom.net or mp@stmichaelscu.ie or alternatively contact Skehard Road on 021 / 435 7771 or Mahon Point on 021/ 461 4884.
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05 September 2010
