What do I need to join your Credit Union?

In line with current legislation, Criminal Justice(Money Laundering and Terrorist Financing) Act 2010, you must provide photographic proof of your identity i.e. a current valid passport or driving licence, written proof of your address i.e. a recent household bill such as telephone or electricity bill or bank statement making sure the date on the bill is within the last 6 months, and proof of your PPS number which can be obtained from the Department of Social Welfare and is present on your Social Services Card, pay slip and P60. There are no restrictions to joining Kells Credit Union however you either have to live or work in our common bond. Please note, members under 16 need their birth certificate and proof of their PPS number.)

What are your opening hours?

Monday Closed all Day, Tuesday 9.00am – 5.00pm Wednesday 9.00am – 12.30pm Thursday 9.00am – 5.00pm Friday 9.00am – 5.00pm Saturday 9.00am – 5.00pm PLEASE NOTE OUR OFFICE CLOSE FOR LUNCH BETWEEN 12.30- 1.30 EACH DAY.

What are the benefits of becoming a member?

Members of a credit union enjoy many benefits associated with our membership, including: Control over their own finances. Encouragement and advice on a regular savings program. Excellent service. Loan availability at relatively low rates of interest. Security of savings through the Credit Union’s fidelity bond, and through the Irish League of Credit Union’s Savings Protection Scheme. Loan Protection and Life Savings Insurance, under most circumstances at no direct cost to the member. The confidence that the Credit Union has no hidden charges of penalties for early loan repayment. A wide and growing range of services. Directly contributes to the economic development of the local community.

How is a credit union different to a bank?

Banks have a different structure, ownership and purpose to Credit Unions.The primary motive of a bank is to make profits for its shareholders. At a Credit Union, there are no external shareholders influencing the course of their activities. Credit Unions are regulated by the Irish Financial Services Regulatory Authority to ensure their members are the sole reason for its existence. Credit Unions put people before profit. Any earnings in excess of operational costs made by a Credit Union are returned to the members in the form of a dividend or interest rebate on loans. Credit Unions also give members a sense of belonging and protects them form financially over-extending themselves, takes appropriate steps to ensure members have the capacity to repay loans and minimise member’s exposure to risk and act with prudence and in the long–term interest of members.

Who can borrow from Kells Credit Union?

Only members are eligible to receive loans from our credit union.

How much can I borrow?

Kells Credit Union will consider loan applications from members for any worthwhile purpose. Each applicant is treated in the utmost confidence and will be considered on its own merits.

How long do I have to be a member before I can borrow?

Generally, we encourage our members to build up a savings record over 13 weeks before applying for a loan.

Can I change my repayments?

Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to a member of the credit union staff. They will treat the matter sympathetically and in total confidence. Depending on circumstances, the loan will be renegotiate if possible.