Junior Savers Week

This week is ‘Junior Savers Week’. Check out our savings tips on our social media pages during the week. Download our savings chart here to set a savings goal and help them track their progress.

Studies* show that giving kids hands-on, real-world experience with money is essential to prepare them financially for adulthood.

In a focus group of Irish parents conducted by the Irish League of Credit Unions and insights company Parents and Brands,* many parents confirmed that physical experiences – like putting coins in piggy bank or savings account, or shopping with a list, was the best way to teach children about money.

The Credit Union have also partnered with educational company Twinkl, to provide free, educational resources for children in primary school, called ‘Start Money Smart’ specifically focused on finance and money. All the materials are available for parents and teachers to download on Twinkl.ie.

A huge part of our ethos at Kilmallock Credit Union is financial education for the everyone in our community. We want to ensure that our future generations are financially educated and empowered. Teaching children the value of money is a real benefit to them in the future and habits learned from an early age last a lifetime. We want to encourage the development of a regular savings habit during Junior Savers Week and want to encourage all children to join us here at the credit union and open their very first savings account!

Fun Activities for Junior Savers Week

Tips for parents / guardians to help children save:

  1. Consider rewarding children for regular saving. Don’t focus on the amount saved, but the fact that they are developing a savings habit. Supporting and rewarding them to save even very small amounts on a regular basis will help to imbed the habit.
  2. Help decide on a savings goal. They will find it much easier to save regularly when they are savings towards something they really want.
  3. Dissuade young people from spending their savings on impulse. Remind them of their savings goal and what they originally wanted to save for. Share with them a story of something that you would have saved for when you were younger.
  4. Help develop a savings plan, calendar or mood-board to highlight when their goal will be achieved. Having a visual prop or a visual ‘countdown’ can also encourage them to stick to their target. Download our savings chart here.
  5. Give pocket money or allowances in small denominations and encourage them to put a little aside. Giving them a transparent piggy bank or jar so they can watch their money physically increase, is also a good idea.
  6. Consider linking pocket money and allowances to chores or responsibilities in the home. This helps to embed the idea that money must be earned. The more effort required to earn their money, the less likely they will be to spend on impulse or all at once.
  7. If pocket money and allowances run out at an early stage, don’t rush to replace them. Providing additional money at the drop of a hat will defeat the purpose of giving a set allowance.
  8. Why not get them to open their own account in Kilmallock Credit Union. This will give them a sense of independence and responsibility.

To open a child’s accounts the following documents are required:

  • Proof of Identity: Current Passport or Birth Certificate for the child. Current and In Date Passport or Drivers Licence for parents.
  • Proof of Address: An original utility bill, bank statement or social welfare document showing your current address. Please Note: Document must be dated within 3 months.
  • Proof of PPSN: for child and parent. Payslip, P60, Revenue correspondence, Old Social Services Card. Please Note: Your payslip must be dated within 3 months.
  • €5.50: This is to open your account and it will be your minimum share balance. This includes a Membership fee of €0.50c and a minimum opening balance of €5.
  • Membership applications for minors can only be completed in-branch.
  • Click here to see our opening hours.

*Ashley B. LeBaron, Brigham Young University – 115 study participants: 90 college students aged 18-30, as well as some students’ parents and grandparents. 2018.
*Parents and Brands, 3 day online panel with 60 parents, July 2021.

Credit Union Art Competition 2021

All you have to do is IMAGINE!

Our hugely popular Credit Union Art Competition returns for another year! You can download the entry form here.

Now in its 38th year, the Credit Union Art Competition strives to encourage artists throughout Ireland through self-expression, creativity and imagination.

This year’s theme “Imagine”, encourages people to explore their thoughts, hopes and dreams, and portray them on paper or canvass.

To quote Albert Einstein, “Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.” Imagination is a powerful tool which helps people escape from reality. Imagination can also be the start of a brilliant idea which could change the world.

WHO CAN ENTER?

There are two categories – General Category & Additional Needs Category – with the following age groups in each category. Age limit applying as at December 31st 2021.

  • 7 years and under
  • 8 – 10 years inclusive
  • 11 – 13 years inclusive
  • 14 – 17 years inclusive
  • 18 years and over (Adult)
HOW DO I SUBMIT MY ENTRY?

Please download the entry form below and attach it to the back of your artwork. You must then drop the artwork to your nearest Kilmallock Credit Union Branch before close of business on Friday 15th October, 2021.

WHAT IS THE CLOSING DATE?

The closing date for entries is close of business on Friday 15th October 2021.

WHAT ARE THE STAGES?

The competition is organised into three stages with the winner in each category being forwarded to the next stage, these being:

  • Stage1 Credit Union Level
  • Stage 2 Chapter (Regional) Level
  • Stage 3 National Level
ENTRY FORM

You can download the entry form here.

Photographic Competition for our 2022 Calendar

Kilmallock Credit Union are pleased to announce our photographic competition for our 2022 calendar. Our 2021 calendar was a huge success, thank you to all our entrants. We want our 2022 calendar to be even bigger so we are starting the hunt for photographs early! The calendar will feature photographs from around our communities taken by local people.

The theme for 2022 is ‘Rediscovery’

During the pandemic, we were confined to our locality; we had to slow down and for many of us this lead to the rediscovery of a forgotten place during a walk or hobbies long forgotten or new hobbies discovered or maybe you rekindled a friendship. Whatever is it….show us your rediscovery!

The winner will receive €300.00, 11 runners-up will receive €20 and will feature in the upcoming 2022 calendar.

Photographs must be taken within the common bond of Kilmallock Credit Union Ltd. Our common bond includes the following areas: Kilmallock, Charleville, Kilfinane, Athlacca, Ardpatrick, Ballyagran, Ballyhea, Ballyorgan, Broadford, Bruree, Bulgaden, Churchtown, Dromin, Dromina, Drumcollogher, Fedamore, Feenagh, Freemount, Garryspillane, Glanmore, Granagh, Hospital, Kilmeedy, Knocklong, Liscarroll, Manister, Meanus, Milford, Newtownshandrum, Tullylease. Click here to see the map of our common bond.

About the Competition

Photos need to be landscape format and emailed to kathryn@kilmallockcu.ie. Photo must come with a title, along with the name, address and phone number of the photographer. Please state clearly, where the photograph was taken. You can enter as often as you like!

Photograph Criteria

All photos must be in landscape format. Photos must be supplied in landscape format and must be a minimum of 2,400 x 3,000 pixels in digital format or have a minimum file size of 2.5MB and no greater than 5MB.

Photo themes can be anything that reflects the beauty and diversity of our local communities; such as:

  • Scenic and landscape – reflecting the areas of the Kilmallock Credit Union common bond throughout the seasons and at different times of the year.
  • Community – photos that reflect the credit union ethos within our communities; the philosophy of volunteerism, self-help, not for profit and for the benefit of one’s community.
  • Nature & animals
  • At work (farming & industry)
  • People – Please note: if you wish to use any people in your photos, you must have their permission for inclusion and publication.
  • Curiosity/Other

Please note: You do not need to be a member of Kilmallock Credit Union Ltd to enter the competition.

Closing dates for entries is close of business on the 30th October 2021.
For a full list of terms and conditions please click here.

Top 20 Irish interior design Instagram accounts to follow

Instagram is a haven for gardeners and home stylers of all kinds; from those looking for practical tips to those filled with unadulterated escapism. Thinking of giving your home and garden a makeover…make sure you check these top 20 Irish interior design instagram accounts.

Here are our top 20 Irish interior design Instagram accounts to follow:

Geri O’Toole Glynn

Locally based interior designer with a wonderful eye for designs and some great tips. LINK: geri_designs

Caroline Flannery

If you are lover of colours, this is the feed for you! LINK: interiorsbycaroline

Wioleta Kelly

Locally based interior designer with photographs full of colour and great attention to detail. LINK: wioleta_kelly

Sara McLoughlin

A feed full of quirkness, colour and plants from Limerick based designer. LINK: saara_mcloughlin

Irish Design Shop

Stocking the very best Irish design and craft. LINK: irishdesignshop

Sara Thompson

Inspiration for all the rooms in your home. LINK: thompsonclarkeinteriors

Colette Lenehan of Neptune

Inspirational photographs for every corner of your home. LINK: neptunebyglobalvillage

Grace Mongey

A feed filled with attainable design and lovely pieces. LINK: fbghome

Cliodhna O’Connor

A graphic designer with an eye for interior design. LINK: the.designerr

Roisin Lafferty of KLD

A feast for the eyes of interiors escapism. LINK: roisinlaffertykld

Arlene McIntyre of Ventura Design

A feast of luxurious interior projects for inspiration. LINK: venturainteriordesign

Suzie McAdam at The Design Seeker

Featuring a range of projects and home furnishings. LINK: thedesign_seeker

Ruth Maria Murphy

Inspirational photos from national and international projects. LINK: ruthmariaphotos

Cian Corcoran and Ahmed Fakhry of Design Goat

For those who love attention to detail and beautifully considered photographs. LINK: designgoat

Cathy McGovern

Beautiful design on a budget. LINK: cathymcgovern_carrowlane

Aisling Nugent

If you are a fan of quirky style, this is a must-follow. LINK: vintagehillcork

Bryan O’Sullivan Studio

High end interiors international inspiration. LINK: bosstudio

Caroline Warde

For lovers of maximalism with pops of colour. LINK: acuriousnest

Yvonne Purcell

For lovers of upcycling and DIY projects. LINK: sixat21

Carlow Paint Hub

Wonderful inspiration before you start on that painting project, with lots of great advice. LINK: carlowpainthub

Big plans don’t have to mean big payments!

Our personal loans are available @ 6% from €30,000 – €50,000 & @4.95% from €50,000 to €100,000. Use our loan calculator to see your repayments.

No appointment needed and new members can join and apply for a loan same day.

2021 Back to School Survey Findings

The latest Irish League of Credit Unions (ILCU) survey on back to school costs shows the overall spend on school items is up for both primary and secondary schools.

Despite the pandemic lockdowns and children being home schooled for the early part of the year, back to school spending is already on the minds of parents as they prepare for the new school year. The latest Irish League of Credit Unions (ILCU) survey on back to school costs shows the overall spend on school items is up for both primary and secondary schools.

  • Parents now spending €1,491 per secondary school child – an increase of €24
  • Parents spend €1186 per primary school child – an increase of €63
  • Back to school costs still a challenge for parents with 63% of parents finding it a financial burden
  • A quarter of parents (24%) are getting into debt to cover the costs of back to school with 21% having debts over €500
  • The average debt parents find themselves in is €336
  • 65% of parents believe that schools don’t do enough to help keep the costs of going back to school down
  • 71% of schools still seeking a “voluntary contribution”
  • 65% of parents say that that home-schooling and lockdowns had a negative effect on their child’s overall educational performance

School books once again top the list this year as the most expensive item for parents of secondary school children at €211, up from €196 last year. Extracurricular activities are the top cost for primary school parents at €178, up from €167 last year. Spending on gym gear/sports equipment has increased for both primary school (€77, up €15 from 2020) and secondary school (€121, up €11 from 2020). Significantly, 43% of parents say they will have to deny their children new gym gear, a sharp increase of 16% from 2020. Parents also reported that 71% of schools are still seeking ‘voluntary contributions’.

Funding back to school continues to be a challenge for parents with 63% of parents saying that covering the cost of back to school is a financial burden. Nearly a quarter of respondents (24%) are getting into debt to cover the costs of back to school. Of these, three quarters have debts of over €200 with 21% having debts over €500. The average debt parents find themselves incurring is €336 which encouragingly is down €61 on last year’s figure.

Over two thirds (68%) of Irish parents said they use their monthly income to pay for back to school costs, followed by savings at 36%. Unsurprisingly, the number of parents using savings is up 2% from 2020, possibly due to reduced spending during the lockdown. Those relying on their credit card to pay for back to school costs is also slightly down at 17%, a reduction of 3%. A credit union loan is the preferred choice of 5% of parents, while 3% are still turning to moneylenders. 14% of parents rely on the state’s Back to School allowance, up 1% from last year.

This year’s survey also revealed that 68% of parent’s now shop online for school supplies, a rise of 2% from 2020, with respondent’s citing convenience (61%) as the main reason for doing so.

Impacts of COVID-19 – Home-schooling and Lockdowns

For the second year running, the survey also looked at the impact and concerns brought about by the COVID-19 pandemic.

  • 7 in 10 adults surveyed reporting that the mental health of their household has been affected, and almost a third saying that their physical health has suffered.
  • As expected, households struggled with the challenges of home schooling with almost 1 in 3 parents saying they found it difficult to juggle home-schooling with work commitments and over a quarter agreeing that home-schooling was a burden.
  • 1 in 3 parents (35%) said the extra cost of feeding children when home-schooling had the biggest effect on household finances. This was a noticeable increase (14%) from 2020. Over one fifth (22%) of parents reported that expenditure on laptops/tablets to support home-schooling has had an impact on their household finances compared to 11% in 2020.
  • 65% of respondents agreed that that home-schooling and lockdowns had a negative effect on their children’s overall educational performance, and that their children were less focused on schoolwork.
  • One of the biggest impacts of home schooling and lockdowns, according to 88% of parents, was that children missed their friends and social activities. 60% also said that, despite this, children enjoyed being at home and spending more time with family.

New School Year

  • As a result of schools being closed for a number of weeks at the start of the year, 37% of parents think that the school calendar should be adjusted to accommodate for missed time. 31% of respondents believe that a focus should be put on children’s mental health when they return to school in September.
  • While a decision on the rollout of vaccinations to school children in Ireland is being considered by Government, the survey revealed that 72% of parents agree vaccinations should be offered to secondary school students with 48% in agreement for primary school students.
  • The biggest concern for parents about their children returning to school is the impact of a further lockdown (48%), while 41% are worried about exposure to COVID-19 and the health and safety of their children.

Worried about the expenses? We can help!

Talk to us about a low rate student loan at 6% to help with those Back-to-School expenses. Use our loan calculator to see your repayments.

No appointment needed and new members can join and apply for a loan same day.

6 reasons to switch your Provident Loan to KCU

News that Provident Financial are to leave Ireland came as a shock to its borrowers. Kilmallock Credit Union can help and we want to show you how.

When you switch your loan to Kilmallock Credit Union, you can save over €350.

  1. We Offer Great Value Loans which means Cheaper Repayments
    Our PMC loan rate is 12.69% APR. The Provident Loan rate is 157.3% APR. The difference is astronomical. Take a look at the repayment comparison between our loan and a Provident loan. You can join us and apply for a loan right away. We also offer lower rates on some promotional loan options. Calculate your repayments now with our Loan Calculator.

Repayment of PMC (Personal Micro Credit Scheme) loans can be facilitated through the An Post Household Budget Deduction scheme. (terms and conditions apply)

  1. No Fees
    Yes, it’s true! Kilmallock Credit Union does not charge any administration or transaction fees for our in-branch, phone or online services.
  2. FREE Loan Protection Insurance
    As well as great value loans, we offer FREE Loan Protection Insurance on our loans.* Your loan is paid off in the event of your death.
  3. The more you pay, the less you pay
    You pay interest on the reducing balance of the loan: therefore, you pay less interest as the loan decreases – making a big difference over the lifetime of your loan. Also, there is no penalty for early or lump sum repayments.
  4. Local branches, and lots of ways to pay
    Kilmallock Credit Union has 3 branches in Kilmallock, Charleville and Kilfinane; open 6 days a week and late on Thursday. As a member you can use any branch at any time and every member of Kilmallock Credit Union enjoys FREE online and mobile banking access. Learn more about our CuMobile Banking App here.

Most of our services are available by phone, including payments with your debit card and loan applications. Call us now on 063 98355

If you are not a member of Kilmallock Credit Union you can join us now online or call into any of our branches to join. Click here for more information on joining us.

Personal, local service is the ethos of the credit union. We are a friendly face you can speak to in times of difficulty. We are here to help.

  1. Your community benefits
    For the last 58 years, Kilmallock Credit Union has been supporting your community. We are not-for-profit, member-owned co-operative working for our members and community. Each time you borrow and save with us, you are helping your community.

Ready to Switch, check out our loan calculator.

Online: If you are already a Kilmallock Credit Union member, you can apply for a loan online here. If you are not a Kilmallock Credit Union member, you can join us online.

Phone: Call us on 063 98355 to enquire about a loan or joining us

In-Branch: You can also call into any of our branches and our staff will be happy to help. Click here for our opening hours.

*Lending criteria, terms & conditions apply. WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. Kilmallock Credit Union Limited is regulated by the Central Bank of Ireland.

RepTrak® 2021 Study Finds Credit Unions are Ireland’s Most Respected Provider of Financial Services

Credit unions have once again been recognised as the most highly regarded financial services organisation, according to the Ireland RepTrak® study. The Ireland RepTrak® 2021 study is based on a survey of over 6,500 members of the public which gathered data on the levels of trust, respect, admiration and esteem they have for organisations in Ireland.

Credit Unions were placed first in Governance and in Citizenship – two important drivers of reputation. Overall, credit unions took second place in the study with a score of 84.9. Bord Bia took the top spot while An Post ranked in third place. Credit unions, as the cornerstone of local communities, were recognised as being friendly, genuine, down-to-earth, sincere and straightforward, in the analysis of brand personality traits that most closely correlated with reputation, amongst the 100 organisations that were studied.

Speaking about the achievement, ILCU President, Helene McManus said:

We are delighted to celebrate this good news and congratulate Irish credit unions for their consistently high performance in the RepTrak survey. It really is a fantastic achievement to consistently remain in the top two for the past three years. It has been an incredibly difficult year for all organisations and businesses. Credit unions all around the country have remained a cornerstone of their local communities and continue to go above and beyond for their members.

ILCU President, Helene McManus

Coronavirus (COVID-19) Member Information

Credit Unions are an essential service and we remain open during the Level 5 restrictions. We would like to remind our Members that most of our Credit Union services can be conducted over the phone or through our online banking services.

To prevent the spread of Covid-19 and to protect our staff and our members, we ask that our members only visit our offices if necessary.

If visiting our offices during the restrictions; please note the following:

  • In line with public health advice we request that members wear face masks while in our offices.
  • In our Kilmallock offices only three people are allowed in the members area at any one time.
  • In our Charleville and Kilfinane offices only two people are allowed in the member area at at one time.
  • These requests are for the safety and wellbeing of fellow members and staff.

Here to Help

We wish to assure our members that we are taking every step to ensure minimal disruption to services and as always, our friendly staff are on hand to assist you and answer any questions you may have. We are conscious some Members may wish to avoid visiting our offices to conduct transactions during the current situation. We would like to remind Members that most Credit Union services are available through our Online Banking facilities or over the phone.

What Would You Like To Do?

What Controls Are In Place to Prevent The Spread of the Virus at the Credit Union?

We would like to ensure members that Kilmallock Credit Union have taken the following precautions:

  • All our staff have received training to ensure the highest standards of hygiene are always practised. This includes regularly washing their hands.
  • Placing hand sanitisers in all staff areas for our staff use
  • Placing hand sanitisers in members area for our members use
  • Regularly disinfecting member touchpoints
  • Tape has been placed on the floors of our offices indicating the safe distance for our members to stand in the queue following social distancing rules.
  • Glass screens have been erected at the teller areas of our offices for our member and staff protection.
  • Undertaking regular staff training and communications on the Coronavirus (COVID-19)
  • In line with public health advice we request that members wear face masks while in our offices.
  • During Level 5 restrictions, a maximum number of only three people are allowed in the member area of our Kilmallock office and only two people are allowed in the members area of our Charleville and Kilfinane offices at any one time.
  • These requests are for the safety and wellbeing of fellow members and staff.

Update 25.03: Re: Social Welfare Payments

The Department of Social Protection has changed their payment frequency to fortnightly. If you have a loan with us, please contact the office to change your loan repayment frequency to fortnightly. Call: 063 98355 or Email: loans@kilmallockcu.ie

We are here to help!

Many households will come under strain to manage their finances during this time. This may be due to reduction or loss of income. Your local credit union can help with this short term issue with flexible loan products.

Kilmallock Credit Union offers 24 Hour Loans from €200 to €5000. Loan application decisions are based on a member’s ability to repay.

Loan applications can be taken by phone and all necessary documentation can be emailed to loans@kilmallockcu.ie. You will need to visit our office once to sign the loan agreements. If you are registered for our CUOnline+ Online Banking, you can complete your full loan application online.

New members can Join & Apply the next day.

Celebrating Nora Herlihy

On this International Women’s Day, we would like to celebrate Nora Herlihy, one of the founding members of the Credit Union movement.

At a time when women were not prominent in Irish society, Nora Herlihy, from Ballydesmond on the Cork-Kerry border and who attended secondary school in Newcastle West; played a pivotal role in the foundation of the Credit Union movement; along with Sean Forde and Seamus P. MacEoin. Teaching in Dublin in the 1950s, Nora witnessed the poor living conditions, hunger and sickness caused by the high levels of unemployment in the city. Many people were in the grips of moneylenders. Nora set about putting in place a plan for people to control their own finances and went to study the co-operative system in operation in other places in the world.

On the 6th March 1954 with Thomas Hogan, Nora formed the Dublin Central Co-Operative Society. It was set up to help create employment and to tackle the affliction of emigration. Nora continued in her studies and soon the fledging Credit Union movement was born. The first two Irish credit unions were founded under Nora’s guiding influence. Nora also became the secretary to the ILCU on its founding in 1960 (then called the Credit Union League of Ireland); and it operated from the main living room of her house in Dublin for many years. Nora stood beside President Éamon De Valera, who was raised in Bruree on the Athlacca Road, when he signed the 1966 Credit Union Act into law.

Nora passed away on 7th February 1988, the 28th anniversary of the founding of the ILCU. She left a powerful legacy in a thriving credit union movement.

We would like to acknowledge the incredible work and contribution made by Nora Herlihy which continues to help communities throughout the country.