Castlepollard Credit Union
"For People, not for Profit"
Welcome to the Castlepollard Credit Union page. We hope you find it useful. If you have any queries or suggestions please contact us
The Credit Untion AGM will take place at 8pm on Monday the 8th of December in the parish centre. For the agenda and other information click here for the booklet.
To find out about how you can get Holiday Insurance or Car Insurance with CoverU.ie please check out the following documents:
Membership is open to anyone living or working in the ‘Common Bond’, i.e. the local area.
The "Common Bond" for the Castlepollard Credit Union includes: Collinstown, Coole, Fore, Castlepollard and Finea.
Requirements for membership:
1. - Completed Membership Application Form
2. - Proof of identity – passport, driving licence
3. - Proof of address – utility bill, bank statement
4. - Proof of PPS number - Payslip, medical card, drugs refund card
5. - Membership fee of €1.27
(Note: to be a full voting member, a member must have €6.35 in their account).
Castlepollard Credit Union is owned by the members. Every euro a member has in the Credit union is equal to one share. The Credit Union doesn’t make a profit. Surplus income is returned to the members by way of a dividend. The more shares you have, the greater the dividend you will receive. A member’s savings are secured by the Irish League of Credit Unions through its’ Savings Protection Scheme and also by the Government Guarantee. A member can withdraw their savings at any time provided they are not pledged as security on a loan.
Members who wish to apply for a loan need the following:
There are many advantages for members in using Castlepollard Credit Union for their loans.
These loans are available for education purposes only. The interest rate is 6% (APR 6.2%) which is equivalent to €1.15 interest per week per €1000 outstanding on the loan. Members applying for these loans will require a guarantor and a letter from their college confirming their attendance. Terms and conditions apply to these loans.
These loans are available to members which are 65 years of age or over on the date of application for the loan. The interest rate is 6% (APR 6.2%) which is equivalent to €1.15 interest per week per €1000 outstanding on the loan.
Staff and Directors
P. Murray, D. Nally, J. Regan, T. Burke, S. Doran, T. Gannon, J. Higgins, M. Byrne, N. Heaney, D. Lawlor, D. Brennan.
P. Murray, D.Nally, J. Regan, T. Burke, P. McCabe, T. Gannon, J. Higgins, M. Byrne, D. Brennan, D. Lawlor, N. Heaney.
P. Murray, P.J. Morrissey, D. Nally, J. Regan, T. Burke, P. McCabe, T. Gannon, J. Higgins, M. Byrne, D. Brennan, D. Lawlor.
P. Murray, P.J.Morrissey, K. O'Reilly, D.O'Neill, J. Regan, T. Burke, P. McCabe, T. Gannon, J. Higgins, E. Leahy, D. Brennan
Back row: J. Higgins, P. Murray, K. O'Reilly, D. O'Neill, J. Regan, T. Burke
Front row: P.J. Morrissey, J. Isdell, P. McCabe, G. Connolly (Manager), T. Gannon, D. Brennan
The AGM is when the members meet once a year, usually in December, to hear reports on the management of their Credit Union and to democratically elect members to the Board of Directors who will run the Credit Union for the following year. Regardless of the amount of his/her savings with the Credit Union, each member is entitled to one vote at the AGM. The members also elect a Supervisory Committee to oversee the running of the Credit Union and an Auditor to audit the accounts of the Credit union. Members receive written advanced notification of the AGM each year and are encouraged to attend.
The Irish League of Credit Unions is the representative body for Credit Unions and provides a wide range of support services for all affiliated Credit Unions. The League is administered by a Board of Directors elected at its AGM by delegates from affiliated Credit Unions. The League organises convenient groupings of Credit Unions called Chapters. Each Credit Union is allocated to a local Chapter of Credit Unions. One or two members from each Credit Union in a Chapter attend monthly meetings of the Chapter. Chapter supports the role of the League and provides an opportunity for the exchange of information among Credit Union personnel. There are twenty-five Chapters and Castlepollard is in Chapter 15.
Castlepollard Credit Union holds twice yearly draws. The first prize in each draw is €10,000 and there are ten subsequent valuable cash prizes. The draw is confined to members and the cost to the participating member is €18 per draw which is deducted directly from their account. At the 2012 AGM, the members voted to change the draw from a car draw to a prize draw. The first draw was held in July 2004.