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Important Member Information on New Savings Limit
Dundalk Credit Union is introducing a new savings limit on the maximum amount members can hold in savings.
From August 1st, 2021, this new limit will be €50,000 per member, and will only apply to new savings coming into the Credit Union from that date. This means that members who currently hold savings above the maximum limit will not be required to reduce their savings to the savings limit.
This change will only affect a very small number of our members, all of whom will be contacted individually by the Credit Union.
We appreciate that this may affect your current saving plans, however this change is being introduced as a direct response to the banks charging the Credit Union negative interest rates on our deposits.
Members are also reminded that our maximum monthly lodgement to savings remains at €3,000 per member.
We wish to assure members that the promotion of savings remains one of our key principles and is a practice that we continue to actively encourage.
We will continue to monitor the situation carefully and in the event of a material change in the factors which impacted this decision, the savings limit will be reviewed.
Should you have any questions, please contact our friendly team on 042 9335489 or by email at info@dundalkcu.ie.
Online and Phone Services
Our office on Market Street can be busy at peak times (11am- 2pm), for your safety and convenience and to avoid unnecessary queues, we would remind all our members many of our services are available online and over the phone – simple, easy and all from the comfort of your own home. Our Ramparts office is also open 6 days a week and offers all the same great services and free parking in our members’ car park.
Self Service Area – Making the Most of your Time
In addition, our Self-Service Areas in both Market Street and The Ramparts allow members to make cash & cheque lodgements without the need to queue. A member of our team will be happy to help.
Another Successful Year for Our Schools Programmes
Local secondary schools Coláiste Chú Chulainn, Coláiste Rís, St. Vincent’s and St. Louis were delighted to participate in our Clued-in Programme this year, which provides students with an insight and guide to Personal Finance and the role the Credit Union can play in their own financial wellbeing. Financial literacy is an important life skill for young people to develop, and it is carries on with them through their life stages.
“The girls learned about financial responsibility in a most enjoyable way” – Ms Higgins, Teacher, St. Louis Secondary School.
We’re excited to be associated with the Peer Ed programme which focusses on training a number of TY or Fifth Year students in each school to become Peer Educators. Once fully trained the Peer Educators liaise with their SPHE teachers, and schedule delivery of four SPHE Substance Use classes to first years in their respective schools. The classes cover several related topics including self-esteem, peer pressure, smoking, alcohol, drug information and education.
Pictured here are some the students of receiving their certificates.
Peopl. Insurance – A New Product Available to Dundalk Credit Union Members’
Home, Life and Travel Insurance are all now products available to members of Dundalk Credit Union in association with Peopl. Insurance.
Peopl Insurance is framed upon those same founding principles of credit unions, where ordinary people come together to use their shared power to rebalance things. Peopl.’s processes are more open and transparent; their premiums are as competitive as they can find and a large part of any profit goes back to your local credit union and your community.
If you would like to find out more about this new service, you can speak to a member of our team, or you can read more here.
Committed to a Sustainable Future for all Our Community
Our Go Green Annual Report campaign in December 2020 saw many of our members sign up to receive their Annual Report via email. This simple change has helped us to lower our carbon footprint by substantially reducing the number of paper Annual Reports to be printed each year.
Dundalk Credit Union is committed to a sustainable future for all our community, and following on from the Go Green Annual Report campaign, we are proud to now offer our members a Go Green finance option.
If you are planning to go green with an electric or hybrid vehicle, or by installing solar panels on your home, you can find out more about our Go Green options here.
Are you in the Members’ Monthly Car & Cash Draw?
The Dundalk Credit Union Members’ Monthly Car & Cash Draw takes place every month in the lobby of the Credit Union premises on Market Street.
Over the last 12 months, €153,000 in cash prizes and 12 brand new cars have been won in the Members’ Monthly Car & Cash Draw.
The cost of participation is just €1 per week of entry. The fee is collected, in bulk, annually for all participating members. This deduction is made before the next draw for which the member is eligible.
The draw runs from April to March each year with member authorisation for participation rolling over from one year to the next.
Each month, the draw prizes include a brand new car, sourced from a local garage, and cash prizes. Entry to the draw is limited to one entry per account. T&Cs Apply. Pick up an entry in our office or download here.
Dundalk Credit Union Sponsor Dundalk School Boys League
June 2021 – As part of Dundalk Credit Union’s ongoing commitment to grass roots youth sports and community development, we are delighted to announce a three-year sponsorship agreement with the Dundalk School Boys League.
This agreement will see the Dundalk School Boys League, an established and integral part of sports development within our wider community, renamed The Dundalk Credit Union School Boys League. The League draws talent from across Co Louth and manages league and cup competitions for teams from fifteen affiliated clubs in age groups from Under 12 to Under 18 years and by organising representative teams from these age groups and entering them in suitable national and international competitions.
This new agreement will see the teams within The Dundalk Credit Union School Boys League fitted out with new playing kits across all age groups and in addition, offers The Dundalk Credit Union School Boys League an opportunity and avenue to further strengthen and grow their strategic plans for The League into the future.
Paddy Donnelly, Chair, Dundalk Credit Union said “The Dundalk School Boys League was established in 1927 in response to a local community need, similar to that of Dundalk Credit Union and its founders in 1968. As organisations, we listened to, and answered the needs of our communities, and Dundalk Credit Union is very proud to work together with The League to showcase the importance of team, motivation and focus in success.”
Michael Dillon, Chairman, Dundalk School Boys League added “Dundalk Schoolboys League are delighted to be partnering with Dundalk Credit Union with this sponsorship agreement. The support provided by the Credit Union through this sponsorship will underpin the activities of the League going forward. This agreement will provide capital for facility improvement and maintenance and for the purchase of equipment and kit. With this sponsorship agreement Dundalk Credit Union has shown its commitment to grassroots football in the area and, once again, the value it provides as a community based Financial Institution that supports many and varied community groups and activities.”
L to R: Michael Dillon – Chair Dundalk School Boys League, Majella Keating – Secretary Dundalk School Boys League, Billy Doyle – CEO Dundalk Credit Union and Paddy Donnelly – Chair Dundalk Credit Union.
Dundalk Credit Union Ltd. is regulated by the Central Bank of Ireland.