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Services
At The Lough Credit Union we offer a wide range of Financial and Community
services to our members
These include:
Financial and Legal Services
Budget Accounts
This facility allows members to pay their household, utility and other bills on a
regular basis, provided there are sufficient funds in their budget account to cover
the payments.
Payroll Deduction
A number of employers, within our common bond ,have graciously arranged payroll
deductions for our members these include:
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Health Service Executive |
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University College Cork |
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Cork City Council |
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Cork County Council |
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Bon Secours Hospital
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Please check with your employer whether this arrangement is in place or not.
If you want to set up or change your payroll deduction then print off our online
Payroll Deduction form, complete the form in block capitals, sign it and return the
completed form to either of our offices.
(Note: This form is an Adobe Acrobat document. If you are unable to read Adobe
document you can download Adobe Acrobat free of charge by visiting
www.adobe.com)
Nomination of Member's Savings
A nomination is a written instruction to the credit union as to how to dispose of
the contents of a credit union account, including insurance benefits, up to a
maximum of €23,000, when the owner of the account dies. Any surplus above this
figure is passed on to the members estate.
It is a legally binding document and is effective regardless of whether a will exists or not.
A nomination may be revoked or altered by a subsequent nomination. Marriage
invalidates an existing nomination.
Making a nomination is simple: -
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Visit either office and our staff will guide you through the process easily and
without fuss; |
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OR |
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Collect a Form of Nomination and fill it in at home; |
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OR |
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Print out a Nomination Form by clicking HERE
(Note: This form is an Adobe Acrobat document. If you are unable to read
Adobe document you can download Adobe Acrobat free of charge by by visiting
www.adobe.com) |
Once completed and duly witnessed, the Form of Nomination must be lodged in the
Credit Union Office.
Please Note
The nominee or beneficiary is not allowed to witness the nomination.
Before the property transferred to the nominee, proof of death is required.
Complimentary Will Service
In association with The Lough Credit Union legal advisors a free will making service
is available to our members.
Retirement Planning Service
The Lough Credit Union provides a retirement planning service for members who do
not have an existing pension arrangement.
The key features of this plan include:
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Secure your future |
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Tax relief on contributions |
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Wide choice of investment funds |
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Professional, jargon free, advice |
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Easy payment method |
For further information, please contact either office
Death Benefit Insurance
The death benefit insurance is at the maximum possible of €3,250. This is at no direct cost to the member.
(Terms and conditions apply) Taxation Advice
Professional taxation advice is available to members by appointment.
Financial Counselling
A confidential financial counselling service is available to assist members who may
anticipate financial difficulty.
Medical Insurance
Members of The Lough Credit Union are entitled to discounts with the following
Health insurers:
VHI Healthcare at (021)4277188 and QUINN healthcare at 1890891890 QUINN healthcare Credit Union Schemes
Members of The Lough Credit Union are entitled to Credit Union Starter and Family Schemes. Members are also entitled to fantastic discounts on accommodation, dining, shopping and more! For more information click HERE
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Foreign Exchange and Cash Transfers
Foreign Exchange
The Lough Credit Union offers a comprehensive and convenient foreign exchange
service.
This includes:
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Purchasing and selling of foreign currency notes and cheques |
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Competitive rates |
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Professional and friendly service |
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Electronic Cash Transfer |
Western Union Money Transfer
The best and most reliable way to send money, person to person, country to
country within minutes is through Western Union Money Transfer. Because of it's
speed it is particularly useful in emergencies, when cash is urgently needed. On
the brighter side, you can send cash gifts for special occasions or put a deposit
on that bargain.
Ask either office for details. (Terms and conditions apply).
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Community and Other Services
Community Activities
The Lough Credit Union actively supports the development of the community
within our common bond. This development starts at an early age with The Lough
Credit union promoting various youth competitions annually. These include school
quizzes and poster competitions.
All our community activities are guided by our motto "Putting People First"
Irish Rail Tickets
This valuable service enables the member to purchase a prepaid single voucher at
a reduced cost. A small administration charge is levied on the member
Information
Personnel are available at all times to attend meetings of groups or societies
within the common bond area on any aspect of The Lough Credit Union services. |
