The theme for our 2023 calendar is ‘Our Community’
This theme includes any image that you think captures ‘Our Community’. Get snapping and be in with a chance to win a cash prize and feature in our calendar.
The winner of our photography competition will receive €200 and be the feature photograph on the front of our calendar; 12 runners-up will receive €25 each and their photo will be chosen to represent a month in our 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 email@example.com. Photo must come with a title, photographers name, address and phone number. Please state clearly, where the photograph was taken. Closing dates for entries is close of business on the Friday 11th November 2022. You can enter as often as you like!
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 any image that you think captures ‘Our Community’; such as:
Scenic and landscape
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.
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 Friday 11th November 2022. For a full list of terms and conditions please click here.
Kilmallock Credit Union Ltd is an affiliated member of the Irish League of Credit Unions. We have been in service to our community since 1963 and continue to offer a financial alternative to our members. We offer a forward looking, progressive financial co-operative with access to finance for all of our members. As part of our commitment to deliver on our strategic goals and deliver the best service to our members, we are recruiting a Full Time Teller/Loans Officer on a permanent contract to assist us in achieving our goals.
The role will be accountable to the Assistant Manager of the credit union for carrying out a range of administrative and operational activities that contribute to the effective running of the credit union.
The ideal candidate should have:
Very strong IT skills – proficiency in MS Office is required.
Excellent administration skills, numerical skills, accuracy and attention to detail.
Training will be available to supplement existing knowledge and experience, ideally the candidate should hold at a minimum a Leaving Certificate/FETAC/QQI/Level 5/6 qualification and be willing to engage in further education.
Cash handling experience would be an advantage but not essential.
Applicants must hold a full current Driving License and have the use of a car as the position will require travelling to and from sub offices.
The person must be a team player with strong interpersonal skills. Familiarity with the ethos and practices of the credit union movement is desired.
Key responsibilities will include:
Processing of membership transactions and member account opening applications
Accurately and diligently handling of cash; reconcile balances and account for any inconsistencies
Responding to member queries on a day-to-day basis at the front counter and through online channels
Processing loan applications and/or refers to senior lending staff where appropriate
Attend training and meetings, reports on assigned areas of responsibility as required or requested
Work always in a courteous, friendly, and professional manner, preserving confidentiality, data protection legislation and maintain up to date knowledge of all policies and procedures of the Credit Union.
Contribute to a pleasant workplace atmosphere through teamwork
Complete other duties as assigned.
Please forward applications with cover letter via email to firstname.lastname@example.org or by post to Kilmallock Credit Union, Lord Edward St, Kilmallock, Co. Limerick
Closing Date for applications Wednesday 5th October 2022 Canvassing will disqualify.
Kilmallock Credit Union is delighted to announce that entries are now open for the 2022 Credit Union Art Competition.
The theme for this year’s Credit Union Art Competition is ‘It’s A Wonderful World’. This year’s theme gives participants the opportunity to present their own interpretation of the magic in the world and what must be done to keep it this way. The competition invites participants to create artworks that depict the theme and explore through their own unique lens the beauty and wonder of the world.
The Credit Union Art Competition, now in its 39th year, is dedicated to supporting and developing the arts in Irish society. The credit union has always had a keen commitment in promoting and encouraging involvement in the arts across communities.
The competition is free to enter. There are no age limits and it is open to aged seven years and under right through to 18 years and over. There is also an additional needs category. Winners at local level will go on to the regional level stage, and then to the National Final
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. The cost of sending a child to primary school this coming year is €1,195, up €9 on last year, while parents of secondary school children can expect to pay an average of €1,518, up from €27 on last year.
The findings were revealed in a national survey of 764 parents of school children (out of a sample size of 2,460) by the Irish League of Credit Unions (ILCU). The survey was carried out by independent market research company, iReach Insights in June 2022.
The number of parents in debt over back to school costs has increased by 5% to 29%. Of these, over one fifth (21%) reported debts of over €500. The average debt parents find themselves incurring is €339 which is up (up €3) on last year’s figure.
The increased costs of living are evidently having an impact on school items with the most expensive secondary school item this year being transport at €213, up from €195 last year, reflecting rising fuel costs. School books and uniforms are also high at €210 and €195 respectively. After-school care is the top expense for primary school parents at €184, up €27 on last year, followed by extracurricular activities at €167.
Anita Bourke, Manager Kilmallock Credit Union said
“We experience first-hand the pressure of back to school costs on families and even more so this year with increasing inflation, the cost of sending children back to school is higher than it has have ever been before; the ILCU survey details this.
We would like to reassure our members that Kilmallock Credit Union is here to help. Our education loan at 6% (6.18% APR) is available. All our loans are reviewed within 48 hours and we have a number of different loan application repayment options and structures available. For members on a Department of Social Protection Payment A Household Budget deduction is available for smaller loan repayments also. New members can join and apply for a loan on the same day through our free mobile app, our website, or in any of our branches.. Our doors are open and we are more than happy to assist anyone who might need a little extra help at back-to-school time. That’s what the credit union is here for!”
Of considerable note in the survey is the sharp increase in parents saying they will deny their children extracurricular activities because they can’t afford them, rising to 67% from 46% in 2021. The survey also revealed that 65% of schools are still seeking so called ‘voluntary contributions’ at €124 for primary schools and €146 for secondary, an overall average increase of €11 on last year.
When it comes to funding back to school costs, the majority of parents (74%) use their general monthly income, with just over a third relying on their savings. The use of credit cards to purchase back to school items is up 6% to 23% from 2021 as is the number relying on a bank loan – 1% to 3%.
While there is a slight decrease in the amount of parents shopping online for school supplies (65%, down 3% vs 2021), two thirds of these parents do so to access better deals. Saving on petrol as a reason for shopping online has seen a significant jump to 31%, up 17% from last year.
Back to School Costs
Two thirds of Irish parents (66%) say the cost of Back to School is a financial burden
Parents spending €1,518 per secondary school child – up €27 on last year
At primary school level, parents are spending €1,195 – up €9 on last year
29% are getting into debt compared to 24% in 2021 – average debt of €339
1 in 10 (10%) of parents with school children are considering using an illegal moneylender, while 33% don’t know whether legal or illegal
Use of credit cards to purchase back to school items is up 6% to 23%
Significant jump in number of parents cutting back on extracurricular activities, rising to 67% from 46% last year
Voluntary contributions up on last year – €124 for primary schools and €146 for secondary
Many parents shopping online to save petrol, up to 31% from 17% from last year
Rising costs of living
89% of parents say income or household costs affected by rising costs of living including 92% of parents with children in school
Over 90% seeing additional costs to groceries and utility bills
More than 1 in 3 (36%) of parents say they are struggling to make their household budget stretch to cover the additional cost of living increases
One in ten of those struggling falling into debt in an effort to cover household costs
61% say increasing costs of food for children for school lunches is the biggest effect of the rising cost of living
Rising Costs of Living
This year’s survey also looked at the rising costs of living in general. 89% of respondents say their income or household costs have been affected by rising costs of living since the start of the year including 92% of parents with children in school. Over 90% are seeing additional costs for groceries with a similar number experiencing increased costs on household utility bills.
More than 1 in 3 (36%) of parents say they are struggling to make their household budget stretch to cover the additional cost of living increases. When school going costs are added the number who are struggling increases to 42%. One in ten (11%) of this cohort are falling into debt in an effort to cover household costs.
When asked what options they were considering to help with costs, 65% of this group said they are cancelling or reducing non-essential services and activities such as gym membership and subscription TV packages. Other options include trying to earn additional income (29%), taking a personal loan (18%), borrowing from family or friends (14%), or seeking debt and budgeting advice (8%).
A small number of this group (3%) would consider going to a moneylender, including 6% of parents with school going children. When asked if the moneylender is legal or illegal, 1 in 10 (10%) of parents with school children are knowingly considering using an illegal moneylender. Two thirds (33%) of all respondents in this group worryingly didn’t know whether their potential moneylender was legal or illegal.
When parents were asked if the rising costs of living were affecting the costs of education, 61% said the Increasing costs of food for children for school lunches was the biggest effect, followed by costs of new school uniforms (53%) and costs of school trips or activities (45%).
More than half of parents with schoolchildren will have to balance working from either at home or the office with looking after their children over the school holidays. 45% said they would will be using annual leave allowance to balance work and school holidays while a third said they would be relying on family and friends to help out with looking after the children.
Post COVID 19 Concerns
When asked about the impacts of home schooling during the pandemic lockdown on their children, 82% of parents said that the biggest impact was that children missed their friends and social activities. Almost half said their child’s physical health had suffered with two thirds worried about their mental health. As regards their child’s education, the biggest concern for parents is the pressure on their children to catch up on missed teaching over the past two years. There was a marked drop from 2021 in parents’ concern of their child being exposed to COVID 19 as a result of returning to the classroom, down from 41% to 27%.
Kilmallock Credit Union are here to help. If you need a little help; its easy to apply for a loan with us. Use our handy loan calculator to see the repayments for your loan.
A national survey carried out by the ILCU on credit card spending finds consumers still lack understanding of how credit card interest is calculatedand that there has been no improvement in consumer awareness of interest rates or spending habits when compared to previous ILCU surveys conducted in 2020 and 2019.*
The main results from the survey are:
Over half of Irish consumers own a credit card
65% don’t know what interest rate they pay
62% are convinced that the general public lacks an understanding of how credit card interest works
57% believe people in Ireland are now more dependent on credit cards due to the COVID pandemic
When asked about their awareness of the interest rate paid on their credit card balance, 65% of respondents said that they did not know what interest rate they paid, an increase of 7% on the 2020 survey results.
Of those who responded that they are familiar with the credit card interest rate they pay, 26% think they pay between 11% and 17%, while 38% think they pay 18% to 24%. One fifth of these respondents believe they pay less than 5% in interest with over half believing they are paying less than 10%. Overall, the survey highlighted a significant lack of understanding on how interest is applied. Interest rates on credit cards typically range from 13% to 26%.**
36% of respondents incorrectly stated that they “don’t pay any interest” if they cover the minimum balance due at the end of each month, with 31% correctly stating they knew that they paid interest on the full balance as well as interest on the outstanding balance from the date of the transaction.
Just over half of the Irish population own a credit card with 56% of these reporting they use it to buy ad hoc purchases each month. 14% said they have made a New Year’s resolution to throw the card away while 10% said they would use it to fund a planned holiday. 68% of credit card holders plan to use their monthly income to clear their balance fully every month, while 15% said they would use their monthly income to make the monthly minimum repayment.
Relationships with credit cards
Over two thirds of the population (67%) believe credit card companies in Ireland don’t do enough to explain how interest rates work, while 62% say that the general public lacks an understanding of how credit card interest works.
61% of adults agree that people in Ireland rely too much on credit cards for making purchases.
57% of respondents believe people in Ireland are now more dependent on credit cards due to the COVID pandemic.
22% feeling that users spend less on their credit cards than before the pandemic.
Commenting on the findings, ILCU Head of Communications, Paul Bailey said:
“This survey highlights that consumer awareness around credit card interest and how that interest is applied is still worryingly poor. With over half of consumers owning credit cards, it is concerning that there has been a decrease in peoples’ awareness of the interest rate paid on credit cards since our last survey in 2020.
With over two thirds of respondents believing that credit card companies aren’t doing enough to clearly explain credit card terms and conditions to consumers, this is worrying given the high usage and over reliance on credit cards among the Irish population.
I would encourage the public to arm themselves with as much information as possible when it comes to financial products and services to make sure they are making the right financial decisions to suit their individual circumstances. At the credit union, we aim to provide members with the necessary financial education to support them in managing their financial wellbeing.”
An excellent resource for consumers to understand how credit cards work is the Competition and Consumer Protection Commission website https://www.ccpc.ie/ which offers very helpful and explanatory information on financial products.
*The national study was commissioned by the Irish League of Credit Unions (ILCU), and carried out by independent research company, iReach Insights, in December 2021. 1,000 adults responded to the online survey
As part of our “Supporting Local Business” campaign, we have put together 3 luxury hampers packed with products from local businesses.
To be in with a chance to WIN one of these hampers, just fill in the form below. Best of luck!
Voucher from Love Lees
Voucher from Supervalu, Charleville
Voucher from Ryan’s Supervalu, Kilmallock
Selection of Effin Cheese
Ballyhoura Mountain Mushrooms Risotto Meal Kit
and much more
Terms & Conditions: You do not need to be a member of Kilmallock Credit Union to enter. Your details will only be held until this competition ends. Your details will only be used in relation to this competition. Competition ends 21.12.21. The decision of Kilmallock Credit Union is final.
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