On making application for membership you will require the following.
- Photo identification – current valid passport or driving licence
- Proof of residence – recent utility bill or bank statement
- Copy of PPS number on a formal document (e.g. payslip, P60 or social welfare letter)
Membership of the Credit Union is open to anyone living or working in the common bond area.
Membership of Tullamore Credit Union is voluntary an is open to all within the accepted common bond of association, as registered with the Registrar for Credit Unions.
- The minimum share limit Eur 1 held by a member entitles him/her to membership of the Credit Union.
- Each member over sixteen years of age is entitled to vote at the Annual General Meeting.
Savings:
By saving in the Credit Union you are not only improving your own financial status but you are creating a co-operative fund to provide loans and other services for the betterment of your fellow Credit Union members.
Each Eur 1 share saved by a member may be eligible for a dividend at the end of each financial year, if it is within the capability of the Credit Union to do so. The dividend not exceeding the permitted maximum may be declared at the Annual General Meeting by the majority of members present voting.
Benefits of Saving with Tullamore Credit Union:
- Dividend on savings may be paid each year. Dividends due to any member may be placed to the credit of his/her share balance.
- Members savings up to a maximum of Eur 8,000 can be covered by savings insurance subject to certain conditions. (click for insurance details)
- Savings can be withdrawn at any time unless they are pledged against a loan, or they are guaranteed on another members loan.
- You can use a direct debit facility, salary deduction scheme with some employers, or over the counter payments to save with the Credit Union.
- A regular savings pattern will be to your benefit when you apply for a loan.
- As a member you are encouraged to keep your savings in tact in order that:
- You continue to earn dividend
- You benefit from the Life Savings Protection Insurance
- Your capacity to borrow is maintained
To find out more about the benefits of being a member of the Credit Union download our differences leaflet by clicking here.
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