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    Use savings or take out loan to buy a car?

    It doesn’t make sense to be paying interest on a loan when you have sufficient savings. In the case of credit unions what you need to look at, 1. Insurance - do you need insurance cover and if so has your credit union got cover in place? Credit Union policies can sometimes be based on the amount...
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    Applying for C.U. loan with judgements

    It might be worth your while making an appointment to meet a loans officer in the credit union and explaining your situation. They should be be able to advise you if a loan application would be successful or not.
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    Credit Union has sent my debt to a debt collection agency

    I have come to this post a little late so forgive me if I do repeat some of what went before. Having a credit union background the following would be my observations 1. Your account in the credit union would appear to be written off, so in affect the payments you are making are going off the...
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    CB consultation on regulation of Credit Unions

    Cp 76 the central bank extended the deadline to the end of March and I believe a lot of stakeholders in the movement have made submissions. This is not surprising given that the consultation document proposes a very restrictive business model for credit unions.
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    Analysing Sandymount Credit Union's accounts

    The deposit protection fees are what has been charged to the credit unions DEposit guarantee fund for the liquidation of IBRC
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    Credit unions to issue debit cards?

    There is also a group of 11 larger credit unions looking at a fully functional debit card which they hope to launch next year. obviously this will be initially confined to members of the particular credit unions.
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    Equity release mortgage

    Thanks for your help guys, have asked for some documentation
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    Equity release mortgage

    I have been approached by a friend of mine who's elderly parents took one of those equity release mortgages at the height of the property bubble. The facts are a bit sketchy but his parents (one of whom is critically Ill) are now concerned that the vastly reduced value of their property will...
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    Section 24 Credit Union Act

    I dont see any reason why they would not pay these bills directly, I would again advise to seek a meeting with the manager to ascertain any difficulties they may have with the situation
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    Section 24 Credit Union Act

    hi Fbrand, my advice would be to arrange to meet he manager of the cu. I would agree with Slim that the cu are probably being cautious and need to have clarity on the relationship and of course theat the monies are being used to the benefit of the member. We are in a similar position with my...
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    Credit union commission rubber stamps central bank strategy

    Well Killarney was as expected, the highly vocal minority, representing the traditional wing of the movement lambasted the commission report. The CEO of Ilcu and member of the commission done a "Pontius Pilate" on the report saying that he didnt agree with a parts of the report but had to accept...
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    Credit union commission rubber stamps central bank strategy

    The ILCU appointed two staff to the commission. This meant that the movement volunteers were left unrepresented on the commission. Ilcu also made no submission to the commission. Wait for the backlash ...............
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    CU Loan prob

    Ellie, I would ask again to have at least some of your shares transferred to your loan balance which will reduce the weekly interest. i know some credit unions are a bit stroppy about this but it only makes sense. In general as long as you are keeping in touch with the credit union and making...
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    Key Post Ask your Credit Union to set your shares against your loan balance

    I imagine this reluctance to transfer shares to loans goes back to the belief that all members should save to enable all members to borrow. It was one of the guiding principles of Credit unions who are trying to balance the need to bring in sufficient income to pay dividends to thier savers. It...
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    Credit Union Savings Protection ?

    Deposit rates can be quite good in some credit unions, just ask in you local cu
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    Credit Union prayer - time to leave this anachronism behind

    The lord can be whoever you want to be and if you don't believe in one then you dont have to recite the invocation. I think complainer should just put his motion to his credit union AGM, i hope all you guys are members of the same credit union. Should make for an interesting AGM but not one I...
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    Credit Union prayer - time to leave this anachronism behind

    We would all do well to actually read the CU Invocation. It invokes the Lord to assist the Board to deal with people in a christian and compassionate manner. In todays climate I would say we need plenty of this.
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    What exactly are subordinated bonds?

    Yes Credit unions do hold subordinated bonds and a number have had serious write downs on AIB BOI and Anglo bonds. However yesterday IL&P made an offer of 8 cent on a bond that was purchased for credit unions in a settlement with Davy over the sale of perpetual bonds in 2008. This bond is held...
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    ILCU to reject statutory credit union solvency scheme

    Yes it is rumoured now that guarantees from the existing stabilisation fund are between € 30m and € 40m and there are fears about what other issues may now show up at crediut union financial year end 30th september.
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    Bad Credit Card Debt

    have to agree with the comments above, it is imperative that you contact the credit card company and come to some arrangement. This should stop any legal proceedings. The amount in question is not insurmountable over a number of years so get in touch asap and as JEON50 suggested ask them to...
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