Loans - Introduction
Loans can be sought for:
Holiday, Christmas, Weddings, Car Purchase, Car Tax, Birthdays, Electrical Equipment, Home Improvements, Urgent Bills, Debt Consolidation, Funeral Expenses, Business setup
The loan agreement is the legal contact between the member and the Credit Union and is binding in a court of law. You will be assisted to fill in the form by staff/Board of Directors/Credit Committee. The information that you provide is used to determine if the loan is granted.
If you default on your loan repayments you will receive letters from our Credit Control Department. You should not ignore these letters. If you do, your account will be transferred to a Sheriff Officer that could result in court proceedings. You will be held liable for all costs that the Credit Union incurs as a result on this action. The Board of Directors has a responsibility to protect all our members' money and will use whatever means necessary to recover outstanding loan arrears.
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