| General
Joining
Savings
Loans
Other Services
Joining
Q.
Who can become a member of The Lough Credit Union?
Q. What
if one lives
elsewhere but works within the Common Bond area?
Q. How
old does one have to be to join The Lough Credit Union?
Q.
What does one need to join?
Q.
What if one has no bill/bank
statement in their name?
Q.
What if one does not have a Passport or Driving Licence?
Q. Can
one join The Lough
Credit Union, if one is already a member of another Credit
Union?
Q.
Can one have a joint account?
Q. Can
one transfer their Credit Union account to The Lough Credit Union?
Q.
Who can become a Member of The Lough Credit Union?
A.
Joining The Lough
Credit Union is easy once you are within the Common Bond of the Credit
Union. The
Common Bond of The Lough Credit Union covers anyone employed in or
a resident of The Lough or Togher parishes.
The Common
Bond is what unites all the
members of a Credit Union — it is what all Members have in common. Because of the Common
Bond, all Members have
the good of their Credit Union at heart; they know and trust each
other. The
Common Bond ensures that the savings of Members are available to fellow
Members
as loans.
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Q.
What if one lives elsewhere but work
within the Common Bond area?
A. You are eligible
to join if you live, work or go to school/college within The Lough or
Togher parishes.
If
in doubt, please contact us on 021 4963384.
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Q. How old does one have
to be to join The Lough
Credit Union?
A. To become a member of
The Lough Credit Union you must be 16 years of age or over. However The
Lough
Credit Union offers juvenile membership for anyone under 16
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Q. What
does one need to join?
A. Under
the Criminal Justice Act 1994, all financial institutions including
Credit
Unions are legally obliged to verify the identity of each Member this
includes
their home address
When
applying for membership you will be asked for identifcation and proof
of address.
Your P.P.S. number is
also
required since 1st January 2009
Please note that new
members under 16 years can use their birth certificate as proof of ID.
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Q. What if
one does not have a bill/bankstatement in their name?
A. If you do
not have a current bill/bank
statement the Credit Union will accept a headed letter from a
Government
Department. (For example a letter from social welfare and family
affairs or the
revenue) dated in the last three months will be accepted.
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Q. What if
one does not have a Passport or Driving Licence?
A.
You must get a ML 10 Form from your
local Garda station; this form states that you do not hold a current
passport
or driving licence. You will require two passport size photos when
filling out
this form.
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Q. Can
one join The Lough Credit Union,
if one is already a member of another credit union?
A. Yes,
provided you meet the common bond
requirements.
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Q. Can one have a joint account?
A.
Yes,
When applying for
membership you will be asked for proof of ID and proof of
address, for example a current passport and recent utility bill.
Under the Criminal
Justice Act 1994, all financial institutions including
Credit Unions are legally obliged to verify the identity of each Member
this
includes their home address.
Each account holderis
individually and jointly responsible for the conduct of the account.
In the event of the
death of a joint account holder, the balance will automatically
transfer to the survivor, following the registration of the death
with the Credit Union.
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Q. Can one transfer my Credit Union
Account to The Lough Credit Union?
A.
Provided that you meet the membership criteria you can transfer your
savings
and keep you savings history. You can also transfer your loan subject
to
approval.
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