Tel: 0504 91700 Fax: 0504 21557 Email: info@thurlescu.ie

14 February 2016
News

CREDIT UNION SCHOOL QUIZ 2016 -QUESTIONS NOW AVAILABLE FOR DOWNLOAD

Stage 1 - Credit Union Level Questions are now available for download. 
GO ON - TEST YOURSELF

FEBRUARY 2016 CASH DRAW

FEBRUARY 2016 MEMBERS CASH DRAW - RESULTS

February’s member’s Cash Draw took place on Saturday the 6th of February 2016. The winners were as follows:

€10,000 Rona Sorrell, Gortataggart,Thurles .
€1000 Kathleen Joyce, The Islands, Urlingford, Co Kilkenny
€1000 Phyllis Fitzpatrick,Glenbane, Holycross, Thurles
€1000 Margaret M Ryan,Thurles Road, Borrisoleigh, Thurles.

Congratulations to all our winners.

Members can still join our Members Cash Draw by completing an application form in any of our 3 offices.

 

 


JANUARY 2016 MEMBERS CASH DRAW RESULTS

€10,000 -  Frances Moore, Childers Park, Thurles.

€1000  -    James Leahy, The Islands, Urlingford, Co Kilkenny.

€1000 -     John & Josephine Bourke, Holycross, Thurles.

€1000 -     Maura Purcell, Leugh, Thurles.

Conratulations to all our winners. Members can still join our Members Cash Draw by completing an application form in any of our 3 offices.


Credit Union Car Loan v Personal Contract Plans

There’s a lot to be said for simplicity. For having a full understanding of the situation at hand. For not being confused or worrying about the small print or the hidden details.

Take buying a car. It used to be easy. You decide which car you want to buy, you find out the cost of buying it, perhaps the trade in value for your own car and then work out if or how much you need to borrow to pay for it. Simple.

 

Personal Contract Plans (PCP)

For anyone who has tried to finance a car purchase in recent times, the process can be far removed from this. One emerging trend in car finance is the introduction of Personal Contract Plans (PCPs). Essentially a PCP is a lease scheme which makes financing a new car seem affordable for lots of us with low monthly repayments.

 

Here’s how it works:

Typically, a person will be offered a PCP package at the forecourt when buying a car.

The buyer will be asked to pay an initial deposit (usually between 10% and 30%) and then agree a monthly repayment – usually over the next three years. PCPs generally have low monthly repayments, which can make them seem more affordable when compared to other forms of finance.

 

The provider guarantees a minimum future value (MGFV) for the car taking into account depreciation and wear and tear. The MGFV is the amount you will have to pay to own the car at the end of the agreement. It is calculated by the finance company, based on its estimate of the future value of the car at the end of the agreement. It takes into account such things as, the car you are buying, length of agreement, the condition of the car at the end of the agreement and your annual mileage.

 

At the end of the term of the PCP, the buyer is left with 3 options....

· Pay a final payment (the minimum guaranteed future value or balloon payment) and keep the car.

· Hand the car back. Be aware that if you do opt to hand the car back, you don’t get anything from the car dealer for its value no matter how well you have kept it and maintained it and you might end up having to pay if you have not complied with all the terms and conditions.

· Put the car down as the deposit on another car and enter into a further PCP. It is important to be aware that the deposit you put down for the first car will not be available when you give the car back to use when taking out a new PCP. The equity you have built up in your monthly repayments and the difference of the MGFV is what you would have to put towards the new car. All you have to put towards the new deposit is whatever equity you built up from the first PCP. This equity may be less than the deposit required for rolling it over so you will need to top the deposit up each time.

 

With a PCP agreement, you don’t own the car, you are hiring it for a period of time, typically 3-5 years. You only own it when you make the final payment. This is important because if you were to run into financial difficulty during your PCP agreement, unlike a personal loan, you cannot sell the car to pay off your debt. These agreements are among the least flexible forms of finance. Because the payments are fixed for the term of the agreement, you cannot usually increase your repayments each month if you wish to do so. If you want to extend the term, you may be charged a rescheduling fee.

 

Before agreeing to a PCP make sure you always read the small print before you sign up. For instance, the cap on the number of miles/kilometres you are allowed to clock up over the period of the agreement. They may also request that you commit to certain car servicing requirements.

 

Always enquire about any additional fees and charges. You are entitled to a list of all additional charges and fees, so ask the garage for this before you sign up to any agreement. For instance, ask if there is any documentation fee for setting up the agreement, missed repayments fees or repossession charges.

 

Credit Union Car Loans

· Unlike a PCP you own the car from the outset

· You can sell the car on at any time

· You can borrow for the full amount

· There are no hidden fees, admin charges, transaction charges, set up costs or balloon payments

· The interest you pay on a credit union loan is the full cost of the loan so it is fully transparent

· Credit union interest rates are fair and reasonable and capped by law

· Repayments are calculated on your reducing balance, so you pay less interest with each repayment

· Your credit union loan is insured in the event of your death - subject to terms, conditions and eligibility criteria - at no direct cost to you.

· You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!

 

When comparing finance options, take the time to compare the total amount payable on a credit union car loan (cost of credit) with the PCP cost (the deposit, plus monthly repayments and final payment). Make sure you also compare the terms and conditions of each option.

 

An issue with a PCP is that it can restrict what you do with the car during the term. If you’ve taken out a credit union loan, then the car is yours to do with as you please. Drive as many miles as you please and crucially, sell it if you need to.

 

The way a PCP is structured can set up a situation where the easiest and simplest option is to roll over into a new car and a new plan. PCP's are, in effect, a way of trying to ensure that you will come back and buy another car from the same dealer or manufacturer. All well and good, but what if you don't like the brand of car or range they have to offer anymore? It does seem a little like saving money in the short term by spending more over a longer period. Our advise - read all the small print and be fully aware before you sign on the dotted line.


Credit Union Car Loan v Hire Purchase Agreement

When it comes to financing the purchase of a car, many people simply look for the lowest rate on offer and believe it to be the best option. Headline rates may attract the most attention, but the devil is very much in the detail. Many ‘car finance loans’ offered by garages and some banks are actually hire purchase agreements.

The main difference between using a personal loan and a hire purchase agreement to buy a car is that with a personal loan you borrow money, pay for your car, and own it immediately. With a hire purchase agreement, you don’t own the car until you make the final repayment. This means you cannot sell the car if you run into problems making your repayments.

If the motor dealer is arranging the hire purchase agreement, the motor dealer acts as an agent for a finance company and earns commission to arrange the finance for you. In this case, the motor dealer is acting as a credit intermediary and must be authorised to act on behalf of the finance company.

When you use a hire purchase agreement to buy a car, the motor dealer sells the car to the finance company. The finance company then rents the car to you for an agreed period of time in return for a set monthly repayment over a number of years.

Watch out for the range of additional fees and charges, which you may incur as part of a hire purchase agreement. This would include a documentation fee (for setting up the agreement) and completion fee (a fee charged to end the agreement and pass ownership to the car purchaser). If you run into difficulty in meeting the terms of the hire purchase agreement, you may be charged a penalty fee for missed repayments, a rescheduling fee (if you need to change the terms of the agreement) and a higher rate of interest may be charged on any repayments which you missed.

 

The conditions of some hire purchase agreements result in monthly payments not being evenly spread out and you may pay less in the earlier months of the agreement. This can make your monthly repayments appear more affordable. However, you may have to pay a large final payment (known as a balloon payment) at the end of the term, a payment you may not have budgeted to meet. It can be a real sting in the tail for some.

 

Thankfully, a car loan from your local credit union is much more straight forward. Donal Scannell, CEO for Thurles Credit Union said You borrow the money from us, pay for the car and you own the car immediately. You agree a repayment schedule with us. If you run into difficulty, you can talk to us to see if you can come to an agreement on the repayment terms. Should you be in the happy position of being able to repay the loan early, you may do so without any penalty charges.

 

Having arranged finance with your local credit union in advance of going shopping for a car also puts you in a stronger position. It helps to know exactly how much you have to spend and because you are not going cap-in-hand to the dealer, you are effectively a cash buyer and you may be able to negotiate a better deal.

 

Donal Scannell, continued Don't forget at Thurles Credit Union you can also get great value car insurance through the credit union insurance website coveru.ie. where until the 31st of March 2016, you can get 12 months cover for the price of 11 (equivalent of 9% discount). Your credit loan is also insured. This is another great bonus to a credit union car loan.

 

So if you’re thinking about your options for financing a car purchase, look no further than Thurles Credit Union.


For further information please contact Thurles Credit Union on 0504 91700.

 

 



December Cash Draw Winners 2015

€10,000 - Dan & Josephine Taylor, Templetuohy, Thurles.
€1,000 - Lisa Whelan, Edenderry, Co Offaly.
€1,000 - Geraldine Ivers, Littleton, Thurles.
€1,000 - Kathleen Healy, Columba Terrace, Thurles.

Congratulations to all our winners. Members can still join our Members Cash Draw by completing an application form in any of our 3 offices.

MEMBERS’ CASH DRAW November 2015

€10,000 Robert Farrell and Karen Crowe, Ballycurrane
€1,000 Goretti Condon, Rosemount
€1,000 Aileen Ryan, Monadreen
€1,000 Marguerite Treacy, Turraheen, Rossmore

Congrats to all our winners. Members can still join our Members Cash Draw by completing an application form in any of our 3 offices.

THURLES CU MOBILE BANKING APP

Thurles CU Mobile Banking App

The Thurles CU Mobile Banking App is now available for download on the Apple Store and Google Play Store.

 

The Mobile Banking App is designed to help members manage their credit union accounts ‘on the go’ and in a way that is convenient to the member. The App allows you to access the following features on your Phone/Tablet:

  • View Account Balances
  • View Transactions
  • Transfer between your accounts
  • Transfer to External Bank Accounts
  • Pay A Bill

 

All external accounts and utility bills must have already been registered through the Online Banking on www.thurlescu.ie online profile in order to access them and perform above services on the Thurles CU Mobile Banking App.

 

The first time a member uses the App, they will be asked to review and accept Thurles CU’s Terms and Conditions, which can also be viewed on www.thurlescu.ie.

 

Members can get started by downloading the App and login with their Member Number, Date of Birth and PIN. They will need a valid and verified mobile number registered with Thurles CU. They can verify their mobile number by logging in at www.thurlescu.ie.

 


Congratulations to Our 3 Winners of Thurles Credit Unions Free 3rd Level Educational Draw 2015

Thurles Credit Union's Free 3rd Level Educational Draw 2015 took place today at Credit Union House, Parnell Street, Thurles.

Our 3 Luck Winners were:

Amy Revell, Cooleeney, Moyne. €500.00
Kelly Boland, Childers Park, Thurles €500.00
Laura Barrett, Moyne Road, Thurles €500.00

Congratulations to all!

Thurles Credit Union Mid Tipperary Minor A & B Hurling Finals 2015

Minor B

Drombane 13:30 

Gortnahoe/Glengoole V Loughmore/Castleiney

(E.T. if Necessary)

 

Minor A

Drombane 15:00

Drom-Inch V Holycross/Ballycahill

(E.T. if Necessary)


THURLES CREDIT UNION CELEBRATES INTERNATIONAL CREDIT UNION DAY ON THURSDAY OCTOBER 15TH 2015

THURLES CREDIT UNION JOINS 57,000 OTHER CREDIT UNIONS AROUND THE WORLD TO CELEBRATE INTERNATIONAL CREDIT UNION DAY

ON THURSDAY OCT 15th

THURLES CREDIT UNION COMMITTED TO THE LOCAL COMMUNITY IT HAS SUPPORTED OVER THE LAST 50 YEARS

 

On Oct. 15, 2015, Thurles Credit Union will join credit unions from around the world to celebrate International Credit Union Day®, an annual event which celebrates the role that financial cooperatives play in improving the communities they serve and the lives of their members the world over.

 

Since 1948, International Credit Union Day has been celebrated annually in October. Each year, the international event affords the opportunity to remember credit unions’ proud history and promote awareness of and support for the credit union difference. This year’s theme, “People helping people embraces the longstanding credit union philosophy that people can improve their financial well-being by working together.

 

Speaking about International Credit Union Day Donal Scannell (CEO) of Thurles Credit Union said: “The Credit Union movement only came to Ireland in 1958 but it tapped into the co-operative spirit in communities all over the country. It's a worldwide phenomenon that just keeps on growing … which is a real cause for international celebration! It is a unique people-centred service to meet the unique needs of ordinary people. Anyone can join a credit union - one of the differences from opening a bank account is that you become a member – and not just a number. 

Credit unions are not-for-profit financial cooperatives that provide an effective and viable alternative to for-profit financial institutions for almost 217 million members in 105 countries worldwide.

 

The Irish credit union movement is one of the most popular in the world with over 3.3 million members across the 32 counties. Thurles Credit Union like all credit unions exists to serve its members, providing a great place to save money and access affordable loans.

 

Established in 1961,  Thurles Credit Union has been serving the people of its local community for over 50 years.

Thurles Credit Union is embedded in the community. Because of our members, we are able to play a vital role in the development and financial stability of the community. Our strength lies in our difference and we are very proud of this fact.”

 

Thurles Credit Union will celebrate International Credit Union Day with a Tea & Coffee morning on Thursday the 15th of October between 10.00 am & 12.00 noon, all are welcome.



October Members Cash Draw

Members Cash Draw October 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 3rd of October 2015.


The draw is computer generated.

The lucky winner who won the €10,000 Cash Prize was Martin Muldowney, Lismoline, Thurles.

€1000 Cash Prize Winner was Patrick Kiely, Bohernamona, Thurles.

€1000 Cash Prize Winner was Brid Dwyer, Littleton, Thurles.

€1000 Cash Prize Winner was Jim Shelly & Josephine Dunne, Monadreen, Thurles

Congratulations to all.

 


CREDIT UNIONS RANK NUMBER ONE IN CUSTOMER SERVICE SAYS NEW REPORT

This week, the first ever survey of Irish brands based on the experiences of customers, shows that Credit Unions tops the poll. According to the Customer Experience Ireland Survey 2015 (CEXI), Ireland’s Credit Unions including Thurles Credit Union, are one of the Customer Experience Champions, coming 1st in their ranking. This is extremely good news for credit unions at a time when demand for services is at an all-time high.

At the height of the economic crisis, credit unions were the only financial services provider to significantly grown their membership – a trend that continues to this day. Currently Thurles Credit Union has 21,000 members. To this membership, Thurles Credit Union has provided a substantial amount of small loans for everyday needs.

 

The local, face to face service that continues to be provided by Thurles Credit Union and indeed all credit unions all over the country is obviously still valued by the Irish population. Customer service is extremely important for Thurles Credit Union and something that should not be taken for granted now or into the future and credit unions should take the time to invest in this regard.

 

Speaking about the CEXI Report Donal Scannell (CEO) from Thurles Credit Union said: “Thurles Credit Union has been working hard in this local community for over 50 years, serving members by providing accessible savings and loans products. This recognition is a testament to the hard work of staff and volunteers who have continued to serve members through even the most difficult social and financial periods of change in this country. We are looking forward to developing and enhancing our range of services to our valued members in the coming years. Our ethos will never change and our members will remain central to all of the decisions we make, now and into the future.

 


Members Cash Draw September 2015

Members Cash Draw September 2015


Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 5th of September 2015.
The draw is computer generated.

 

The lucky winner who won the €10,000 Cash Prize was Patrick Joyce, The Islands, Urlingford, Co Kilkenny.

 

€1000 Cash Prize Winner was Simon Gleeson & Lorraine Cleary, Ballycurrane, Thurles.

€1000 Cash Prize Winner was Gabrielle O Meara, Clongour, Thurles.

€1000 Cash Prize Winner was Kathleen Benson, Athnid, Thurles

Congratulations to all.

 


All Ireland Final

Thurles Credit Union would like to wish the Kilkenny Senior Hurling Team & the Tipperary Minor Team the Best of Luck in the Hurling All Ireland Final at Croke Park on Sunday.

Back to School

Budgeting for Back to School? Watch our video for some really great tips.


IRISH LEAGUE OF CREDIT UNIONS LAUNCH RESULTS OF 2015 THIRD LEVEL EDUCATION SURVEY

(13th August 2015) With 58,000 students yesterday receiving their Leaving Certificate results, the Irish League of Credit Unions (ILCU) has today published their 2015 ‘Third Level Education Survey.

94% of parents (up from 74% in 2014) supporting their children financially through college, contributing €453 per month per child to cover costs of college

59% of parents getting into debt to cover college cost, €5,030 is the average debt per child per annum

10% of these parents will consider a moneylending option to cover costs

Parents are saving for an average of 8 years to put their child (children) through college

72% of parents really struggling to cover the cost of their child’s third level education

64% of family budgets have been adversely affected by the third level registration fee (fall from 79% in 2014)

41% of parents find accommodation costs particularly stressful

62% of students living at home compared to 44% in 2013, paying average of €380 on average in rent

Students living outside the home spending €1,033 euro per month, those living at home spending €474 per month on average

7 in 10 students work throughout the academic year to find their third level education, working on average 26 hours per week

64% say they are looking forward to a bright future in Ireland after the finish 3rd level education (up from 28% in 2013)

79% of students now feel that they will be able to find a job in Ireland after college (up from 53% in 2013)

Decrease in the numbers of students who believe they will have to emigrate to find work (down from 57% in 2013 to 36% in 2015)

Interest continues to be the primary reason why students choose their college course (37%), followed by job prospects (24%) and location of course (17%)


Speaking about the Third Level Education Study, Ed Farrell, CEO, ILCU said: The significant cost of third level education puts phenomenal pressure on both parents and students starting or returning to 3rd level education. The increased registration fees combined with monthly rent and bills, books and materials and day to day expenses are a significant financial burden to many families. With the results of the Leaving Certificate out yesterday and CAO offers due, many students and their parents now face the very real costs of college in many cases, for the first time. Worryingly in this survey, 10% of parents will consider a moneylender to help cover the costs of their child or children’s college education, as always we would urge people to avoid this option and talk to their local credit union first. Credit unions are available to support both parents and students as they prepare for the academic year. We encourage anyone who is looking to finance their 3rd level education or who simply wants some advice on planning ahead or budgeting to call into their local credit union and speak to a member of staff. .”


Cash Draw Winners August 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 8th of August 2015.

The draw is computer generated.

The lucky winner who won the €10,000 first prize is Thomas Jordan, Oakfield Drive, Thurles.

€1,000 Cash Prize Winner: Linda & Andrew Dawson, Hazelwood, Thurles.

€1,000 Cash Prize Winner: Eugene McAree, Moyne Road, Thurles.

Congratulations to all.

 


Members Cash Draw July 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 25th July 2015.

 

The draw is computer generated. The lucky winner who won the €10,000 first prize is Martina Woodlock, Cloughmartin, Thurles. 

€10,000 Cash Prize Winner: Martina Woodlock, Cloughmartin,Thurles.

€1,000 Cash Prize Winner: Mary Walsh, Kennedy Park, Thurles.

€1,000 Cash Prize Winner: Paddy & Catherine Fogarty, Ard Carraig, Thurles.

€1,000 Cash Prize Winner: John Heeney, Bohernamona Road, Thurles.


FREE 3rd LEVEL EDUCATIONAL DRAW 2015

THINKING OF GOING TO COLLEGE!

When you apply for a Thurles Credit Union Third Level Educational Loan you are eligible to enter into our FREE Members’ Draw of 3 x €500 prizes. This draw will run for the months of July, August & September. The three winners of our draw will each receive €500 each.

To enter this FREE Members’ Draw, simply complete an application form when applying for a 3rd Level Educational Loan and hand to a member of staff.  Closing date Wednesday the 30th of September 2015.

(Terms & Conditions Apply).


Managing your Finances

For many families, summertime has two big financial events – back to school and college. The financial burden placed upon families at these times can be immense. Personal Finance Commentator, Frank Conway, talks about how families can manage their finances at this time and how the local credit union can help.


Members Cash Draw June 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 27th June 2015.

 

The draw is computer generated. The lucky winner who won the €10,000 first prize is Helen Shanahan, Monakeeba, Thurles.

€10,000 Cash Prize Winner: Helen Shanahan, Monakeeba,Thurles.

€1,000 Cash Prize Winner: Eleanor & Philip Taylor, Thurles Beg, Cashel.

€1,000 Cash Prize Winner: Marek & Justyna Szanjner, Tramore.

€1,000 Cash Prize Winner: Gemma Doyle Cussen, Waterfall Cork.

 



Members Cash Draw 2015/2016

Thurles Credit Union will hold its first Cash Draw for 2015/2016 on Saturday the 27th of June at 12 Noon.

Last year, there were 12 monthly winners of €10,000 plus a number of other cash prizes each month.

The entry fee is €40 per year and this has been deducted from members accounts at the end of May.  Members who entered previous cash draws are automatically entered each year.

Members can join the cash draw at any time and the cost is proportioned on the number of draws remaining.

So fill in an entry form and be in with a chance to win. 


Helping Families Manage The Cost of Third Level Education

THURLES CREDIT UNION ON HAND TO HELP FAMILIES MANAGE THE COSTS OF 3RD LEVEL EDUCATION

In 2015, many families will see their child or children off to college for the first time, others will see their children return. For these families, this can be an extremely stressful time, as the cost of third level education continues to spiral, having a huge impact on family budgets and household spending.

Thurles Credit Union would like to remind their members that the credit union is here to help and have this week launched a new education loan at 12.68 % APR* which can help families in the local area cover these costs.

According to 2014 ILCU research in the Republic of Ireland, 79% of parents are supporting their children financially through college. These parents are contributing an average of €428 per child per month to cover college related expenses according to 2014 ILCU research. 64% of parents supporting their children through 3rd level education, struggle to cover these costs. 44% of students now living away from home compared to 32% in 2013, paying an average of €346 in rent Parents are saving for an average of 8 years to put their child (children) through college.

Donal Scannell, CEO of Thurles Credit Union said: “The significant cost of third level education puts phenomenal pressure on both parents and students starting or returning to 3rd level education this year. The student registration fee combined with monthly rent and bills, books and materials, food and day to day expenses are a significant financial burden to many families.”

 

He added: “We are keenly aware of the huge financial burden which 3rd level education places on students and their families in the local area. Thurles Credit Union is available to support both parents and students as they prepare for the academic year. We offer a very competitive student and education loan rate of 12.68 %. We encourage anyone who is looking to finance their education or who simply want some advice on planning ahead or budgeting to call into their local credit union and speak to a member of staff. Planning ahead where possible is the best way to prepare for these expenses.”

*Cost of Finance
For a €1000, 1 year variable interest rate loan, with monthly repayments of €88.83, at an APR of 12.68%; the total amount payable by the member will be €1066.11.

 

For further information please contact Thurles Credit Union on 0504-91700 or email us at info@thurlescu.ie or on the web at www.thurlescu.ie

 

 


New Car Loan Campaign

THURLES CREDIT UNION LAUNCHES NEW CAR LOAN CAMPAIGN

ALL YOUR CAR INSURANCE NEEDS ALSO AVAILABLE AT THURLES CREDIT UNION

 

 As we approach the half way mark of 2015, Thurles Credit Union has launched its Car Loan Campaign.

According to a report released by the Society of the Irish Motor Industry (SIMI) on 2nd June 2015, there has been a 26% increase in new car registrations (80,913) for the first five months of 2015. The new car sales total in May 2015 was 6,940 compared with 6,272 in May 2014, an increase of 11%. The car industry is recovering and SIMI has revealed that the average price of a new car has declined by 2.5%. The top 3 selling car models in May 2015 were Volkswagen Golf, Volkswagen Passat and Skoda Octavia.

 

The philosophy at Thurles Credit Union has always been to look at things differently. We understand the difference a car loan can make to your life, giving more space and more freedom, so we always look at your whole story to make sure your journey with us is a pleasant one. We only propose car loans with realistic terms, which you can pay back in a way that works best for you. We don’t charge administration fees or transaction charges and you can pay back your car loan early without penalty, if that becomes an option. Remember, at your local credit union, you are not a customer, you are a valued member.

 

Thurles Credit Union is now a one stop shop for your car insurance needs. Through CoverU.ie, the credit union online insurance offering, you can now get a competitive car insurance quote with a special offer of 12 months insurance for the price of 11. CoverU car insurance is competitively priced and offers a wide range of benefits to our members. To get a quote or to get more information about CoverU.ie car insurance, members simply need to log on to www.coveru.ie. Coveru.ie car insurance is being offered in conjunction with AIG Europe Ltd.

 

Commenting on the Car Loan Campaign launch Donal Scannell, CEO of Thurles Credit Union said: “People in the local area are still buying cars but over the past five years have become savvier and are shopping around for better value in the car financing deal. Try not to be influenced by repayments that seem low. Look at the total offer or hire purchase price as this is what you must pay to own the car. We are delighted to announce the addition of a great value car insurance solution to our members.”

 

Consumers who would like independent information or help in understanding any of the terms and conditions of their hire purchase (or any other loan) contract should contact the National Consumer Agency. You can contact their consumer help-line on lo-call 1890 432 432 or visit their website. For more information on Hire Purchase Agreements and their charges please go to consumerhelp.ie

For further information on the SIMI report please see www.simi.ie

 

*Cost of Finance
For a €10,000, 3 year variable interest rate loan, with monthly repayments of €331.93, at an APR of 12.68 %; the total amount payable by the member will be €11,951.15

 

 

For more information please contact Thurles Credit Union on 0504 91700,

Website:-www.thurlescu.ie or Email: - info@thurlescu.ie


New Family Holiday Loans

THURLES CREDIT UNION LAUNCH NEW FAMILY HOLIDAY LOAN

ALL OF YOUR HOLIDAY INSURANCE NEEDS ALSO AVAILABLE AT THURLES CREDIT UNION

As local residents look forward to the upcoming school break, Thurles Credit Union has this week announced the launch of a new Family Holiday Loan available to members of the credit union.

 

Our philosophy has always been to look at things differently. We understand the difference a holiday loan can make to your life – creating memories and high points to look forward to, so we always look at your whole story to make sure you arrive at the perfect destination. We only propose holiday loans with realistic terms, which you can pay back in a way that works best for you. If you need a holiday loan your credit union can help you settle on an amount that is realistic for your circumstances and on a realistic term that won’t mean paying off your annual holiday over many years.

 

Thurles Credit Union can also provide low cost comprehensive holiday insurance to their members through www.coveru.ie. Cover U is a new suite of insurance services brought to you by credit unions and AIG. It is offering Single, Gap & Multi Trip holiday insurance options to credit union members at competitive premiums. Cover U Holiday Insurance is available to purchase online with a choice of three levels of cover to suit all budgets.

 

So be it a weekend with friends, a family fortnight away or a honeymoon, that special time away from all the daily routines can be just what you need to recharge the batteries. Thurles Credit Union will endeavour to support their members with loans that fit them and which are based on fair, reasonable terms.

 

No matter what your holiday loan is for Thurles Credit Union will ensure everything is clear, transparent and straight forward. The great thing about a holiday loan at Thurles Credit Union is that there are no hidden fees or transaction charges, and credit union interest rates are fair and reasonable and are capped by law. Repayments are calculated on your reducing balance, so you pay less interest with each repayment. Your credit union loan is also insured in the event of your death, subject to terms and conditions, at no direct cost to you. Other lenders charge for this. You can pay off your loan early, make additional lump sum repayments or increase your regular repayments all without a penalty. Remember, in your local credit union, you are not a customer, you are a valued member.

 

Donal Scannell, CEO of Thurles Credit Union commented: “We understand the difference a holiday loan can make to our members lives allowing them and their families have some time away, be it in Ireland, or abroad to create some special memories. We are offering holiday loans with realistic terms, which members can pay back in a way that works best for them. As always the credit union is there to lend a helping hand to those in need so whether you want to put a savings plan in place or take out a loan, call into Thurles Credit Union”

 


GR8 Saver Week at Thurles Credit Union

Credit unions across the island of Ireland are taking part in National Credit Union GR8 Savers Week to encourage children to save their own treasure! 


At Thurles Credit Union, our young members are encouraged to save with us particularly this week. There are goodie bags for young members who make a lodgement to savings this week in TCU.


What was the first thing you saved up for?! Check out the GR8 website athttp://www.gr8saver.ie/


Members Cash Draw May 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 2nd May 2015.

 

The draw is computer generated. The lucky winner who won the €10,000 first prize is Sean & Hilary Heading, Cabra, Thurles.

€10,000 Cash Prize Winner: Sean & Hilary Heading, Cabra,Thurles.

€1,000 Cash Prize Winner: Philomena Fanning, Holycross, Thurles.

€1,000 Cash Prize Winner: Mary & Veronica Kenny, Friar Street,Thurles.

€1,000 Cash Prize Winner: Christopher Cashin, Littleton ,Thurles.

€1,000 Cash Prize Winner: Kathleen & Joseph Kirwan, Horse & Jockey, Thurles.

€1,000 Cash Prize Winner: Geraldine Roche, Parnell Street, Thurles.

€1,000 Cash Prize Winner: Liam Leamy, Drombane, Thurles.

€950 Cash Prize Winner: Mary O' Sullivan, Turtulla, Thurles.



FIRST HOLY COMMUNION

THURLES CREDIT UNION WARNS PARENTS NOT TO TURN TO HIGH INTEREST SOURCES OF CREDIT TO FINANCE HOLY COMMUNION 

THURLES CREDIT UNION CAN HELP FAMILIES MANAGE THIS COST

 

The First Holy Communion season is upon us again and financially, this can be a very stressful time for parents. According to mummypages.ie, Mum’s are spending an average of €703 on their child’s Communion. This type of expenditure can put serious pressure on already stretched family finances.

 

Research carried out by ILCU in the past has highlighted the financial strain put on parents attempting to finance their children’s First Holy Communion. The research showed that parents found clothes and entertainment to be the biggest cost associated with Communion. It also pointed out that 21% of parents were using credit cards to finance some of the costs with a further 12% using moneylenders. These are worrying statistics and Thurles Credit Union warns parents against turning to high interest sources of finance as they can trap people in a cycle of debt from which it can be very difficult to escape. Instead, Thurles Credit Union urges parents to speak to them about putting a savings plan in place or taking out a loan.

 

Before taking out a loan of any kind, it's worth taking the time to understand how lending works. That way you can compare the benefits and be aware of the risks. Some of the things that make a credit union loan different are –

 

  • We don’t charge for administration fees or transaction charges
  • Interest rates are fair and reasonable and capped by law
  • Repayments are calculated on your reducing balance, so you pay less interest with each repayment
  • Once eligible for a credit union loan, repayment terms can be designed around your needs
  • In the event of your death, your credit union loan is insured - subject to terms, conditions and eligibility criteria - at no direct cost to you
  • You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!

 

For 54 years, Thurles Credit Union has been at the heart of the local community, lending a helping hand to those who need it most. Thurles Credit Union is a valuable and vital source of financial support to the local community and will continue to serve its members well into the future.

 

Donal Scannell the CEO from Thurles Credit union said: “The significant cost of first Holy Communion can put phenomenal pressure on parents. The advice from Thurles Credit Union is to set a communion spending budget. Parents should plan how much they can afford to spend and stick to it. This will allow families to be in a better position to keep a tight rein on communion costs. Now and again though, we all need a helping hand and at Thurles Credit Union you will find all the help you need to manage these costs. Whether it is a savings plan or a loan, Thurles Credit Union will give you the right advice. We are a not for profit organisation offering fair and affordable financial services locally with your best interests at heart. To borrow with Thurles Credit Union, you must be a member. If you are not already a member, speak to us today about making an application or visit our website at www.thurlescu.ie.


Members’ Cash Draw April 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 4th April 2015.

 

The draw is computer generated. The lucky winner who won the €10,000 first prize is Bridget Kinsella, The Heath, Thurles.

€10,000 Cash Prize Winner: Bridget Kinsella, The Heath,Thurles.

€1,000 Cash Prize Winner: Edward & Mary White, Gortnahoe, Thurles.

€1,000 Cash Prize Winner: Josie Kennedy, Glengoole,Thurles.

€1,000 Cash Prize Winner: Nicola Veasey , Ballygemmane,Thurles.


Members Cash Draw March 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 7th March 2015.

 

The draw is computer generated. The lucky winner who won the €10,000 first prize is Patrick & Nora Shanahan, Kilcommon, Thurles.

€10,000 Cash Prize Winner: Patrick & Nora, Kilcommon,Thurles.

€1,000 Cash Prize Winner: Thomas Meagher, Littleton Thurles.

€1,000 Cash Prize Winner: Josie Cooney, Littleton, Thurles.

€1,000 Cash Prize Winner: Margaret Treacy, Cormackstown, Thurles.


Your Holiday Loan Your Way

Almost all of us at some stage want (or need!) to get away from it all and go on a holiday break. Be it just for a few days, a week, a fortnight or even a whole month. That special time away from all the daily routines can be just what you need to recharge the batteries and reduce stress.

Whether you’re looking for THE ‘if not now, then when’ ONCE-IN-A-LIFETIME HOLIDAY LOAN, or THE ‘I think I might break if I don’t get away soon’ SHORT BREAK LOAN, come and talk to your local credit union.

Our philosophy has always been to look at things differently. We understand the difference a holiday loan can make to your life – creating memories and high points to look forward to, so we always look at your whole story to make sure you arrive at the perfect destination. We only propose holiday loans with realistic terms, which you can pay back in a way that works best for you. Thurles Credit Union was established 53 years ago and is here to try and help you make your holiday a reality. If you need a holiday loan your credit union can help you settle on an amount that is realistic for your circumstances and on a realistic term that won’t mean paying off your annual holiday over many years.

The great thing about a holiday loan at Thurles Credit Union is that there are no hidden fees or transaction charges and credit union interest rates are fair and reasonable and are capped by law. Repayments are calculated on your reducing balance, so you pay less interest with each repayment. Your credit union loan is also insured in the event of your death – subject to terms and conditions - at no direct cost to you. Other lenders charge for this. You can pay off your loan early, make additional lump sum repayments or increase your regular repayments all without a penalty. Remember, in your local credit union, you are not a customer, you are a valued member.

Don’t forget to talk to your credit union about some of the great holiday insurance options available to members at great costs. Coveru.ie Holiday Insurance is a website based product. It offers members of Thurles Credit Union greater accessibility, good value and most importantly excellent cover providing peace of mind when travelling abroad.

Coveru.ie holiday Insurance is being offered by Thurles Credit Union in conjunction with AIG Europe and offers comprehensive worldwide travel insurance.

Amanda Ryan Chairperson of Thurles Credit Union said: “We are continuing to look to the future and how we can meet the growing needs and demands of our 20,000 members. Coveru.ie is an excellent product proposition in terms of cover, options and price to members. If you are spending your hard earned savings on that once in a lifetime trip to Australia or simply taking a weekend break to Europe coveru.ie has a product to suit your needs.

She continued; There are three levels of cover, Budget, Premier and Premier Plus to choose from, designed to provide affordable travel insurance cover for all budgets. An additional discount is also offered to those taking out travel insurance if they already have Private Health Insurance. If you would like more information about coveru.ie please call into the credit union or check out the coveru.ie website for policy information and terms & conditions. If you're not already a member, why not pop into us and join us for the many great benefits of credit union membership.”

Speaking about their holiday loan Michael Harty Business & Strategy Manager of Thurles Credit Union said: “The two most important things about a loan are being able to borrow money and pay it back. We always encourage members to manage money carefully by structuring loans around needs and ability to repay. Thurles Credit Union is delighted to speak to you about your needs when you are planning your holiday requirements.”


Members’ Cash Draw February 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 7th February 2015.

 

The draw is computer generated. The lucky winner who won the €10,000 first prize is Pierce O Sullivan, Ballycahill, Thurles.

€10,000 Cash Prize Winner: Pierce O Sullivan, Ballycahill,Thurles.

€1,000 Cash Prize Winner: Sister Cecilia, Ursuline Convent, Thurles.

€1,000 Cash Prize Winner: Tom O Gorman, Sutton, Dublin.

€1,000 Cash Prize Winner: Sean & Maria O Brien, Urlingford, Co Kilkenny.


Your Car Loan Your Way

Get your Car Loan and Car Insurance through Thurles Credit Union Ltd

(12/1/15) Thurles Credit Union has today launched its 2015 New Year Car Loan Campaign.

Our philosophy has always been to look at things differently. We understand the difference a car loan can make to your life, giving more space and more freedom, so we always look at your whole story to make sure your journey with us is a pleasant one. We only propose car loans with realistic terms, which you can pay back in a way that works best for you. We don’t charge administration fees or transaction charges and you can pay back your car loan early without penalty, if that becomes an option. Remember, in your local credit union, you are not a customer, you are a valued member.

 

Thurles credit union is now a one stop shop for your car finance and insurance needs. Through CoverU.ie, the credit union insurance service, you can now get a competitive car insurance quote with a special offer of 12 months insurance for the price of 11.

 

So if you want to get on the road to buying your new car, call in to us today. No matter what your car loan is for - from running around, to going further afield or THE 'I’ve had enough at standing of bus stops’ SECOND-HAND CAR LOAN, your credit union will ensure everything is clear, transparent and straightforward. It is not a Hire Purchase agreement, there are no balloon payments, there are no gimmicks and you own the car from the outset. You do not own the car until the last repayment if you opt for a Hire Purchase Agreement as a method of car finance.

 

Commenting on the launch Michael Harty, Business & Strategy Manager, Thurles Credit Union said: “People in the Thurles area are still buying cars but are shopping around for better value in the car financing deal. Try not to be influenced by repayments that seem low. Look at the total offer or hire purchase price as this is what you must pay to own the car. Whether you’re looking for THE ‘can’t ask my Dad for the keys again’ FIRST CAR LOAN, or THE ‘honey, we can’t shrink the kids’ FAMILY CAR LOAN, come and talk to us.

He continued: “We are delighted to announce the addition of a great value car insurance solution to our members. This product is very competitively priced and offers a wide range of benefits to our members. To get a quote or to get more information about CoverU.ie car insurance, members simply need to log on to www.coveru.ie* or click the link on our website homepage”.

With CoverU.ie a unique Telematics Smartphone App is available to download when you purchase car insurance and offers you real time information on your driving, gives you a score for each completed journey and allows you to track your progress toward additional discounts.

 

Consumers who would like independent information or help in understanding any of the terms and conditions of their hire purchase (or any other loan) contract should contact the National Consumer Agency. You can contact their consumer help-line on lo-call 1890 432 432 or visit their website. For more information on Hire Purchase Agreements and their charges please go to consumerhelp.ie

 

*Coveru.ie car insurance is being offered in conjunction with AIG Europe Ltd.

For further information please contact: Thurles Credit Union at 0504 91700, email info@thurlescu.ie or go to www.thurlescu.ie.


January Members Cash Draw 2015

Thurles Credit Union held its monthly Members’ Cash Draw at Credit Union House, Parnell Street on Saturday 10th January 2015.

 

The draw is computer generated. The lucky winner who won the €10,000 first prize is Siobhan Ryan & Pairic Kelly, Brendan's Terrace, Thurles.

€10,000 Cash Prize Winner: Siobahn Ryan & Brendan Kelly, Brendan's Terrace,Thurles.

€1,000 Cash Prize Winner: Mary Corcoran, Park View Drive, Thurles.

€1,000 Cash Prize Winner: Mary Connors, Borrisoleigh, Thurles.

€1,000 Cash Prize Winner: Cyril Cleere, Woodsgift, Co Kilkenny.


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Thurles Credit Union Tel: 0504 91700 Fax: 0504 21557 Email: info@thurlescu.ie Web: http://www.thurlescu.ie
Regulated by the Central Bank of Ireland. Reg. No. 192 CU