 The Benefits of Membership:
Since 1968 people in Newbridge have achieved a better way of life through participation in their own credit union. A credit union is a group of people who save together and lend to each other at a fair and reasonable rate of interest. Newbridge Credit Union offers its 30,000 members the chance to have control over their own finances by making their own savings work for them. Regular savings form a common pool of money, which in turn provides many benefits for all members.
Newbridge Credit Union is an organisation of people - for people. It exists only to serve its members - not to profit from their needs. Newbridge Credit Union is non-sectarian and non-political, and strives to continue that Irish tradition of co-operative self-help.
It has been shown throughout history that by working together people can achieve far more through co-operation than by individual effort. The success of Newbridge Credit Union is a clear illustration of this.
How to Apply
To become a member of Newbridge Credit Union you will need the following:
Adults:
- Passport or Drivers Licence or Garda National Age Card
- Utility Bill or Bank Statment
- Copy of your PPSN number
Children:
- Passport or Birth Certificate
- Parents - Utility Bill or Bank Statment
- Copy of PPSN Number for Child
Joint Accounts - For Both Applicants:
- Passport or Drivers Licence Or Garda National Age Card
- Utility Bill or bank Statment
- Copy of PPSN Number
* There is also membership fee, that you need to pay when you are joining.
Membership Fee
- Adult: €1.27
- Child / Student: €0.65
If you have any questions regarding membership, you can call in Credit Union and ask for our Membership Officer at the reception.
Twenty Reasons why a Credit Union Loan Makes Sense:
- Low Cost Finance.
- Interest is charged on the reducing loan balance - you only pay on what you owe.
- No interest charged on interest due - unlike other institutions.
- No hidden or additional costs.
- Application process is straightforward and simple.
- Life Savings and Loan Protection insurance automatically provided on members savings and loan balances at no extra cost to the member (conditions and limits apply).
- Loans can be tailored to the members needs.
- Repayments can be rescheduled if difficulties arise.
- The Credit Union is a not-for-profit mutual financial co-operative.
- Members own and control the Credit Union.
- All surplus goes back to the members.
- The Credit Union is local and convenient for member services.
- Credit Unions have voluntary non-paid Boards.
- A Credit Union loan is not a lease.
- The flexibility to make larger repayments than agreed at no penalty.
- Additional lump sum repayments accepted at no penalty.
- Single payment loans arranged.
- Loans can be issued on the spot or within days, depending on the size.
- Each application is treated in confidence on its merit.
- Rebates of loan interest may be applied each year
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