Do more with Mallow Credit Union!
2020 has been a challenge…to say the least! And the management of Mallow Credit Union wish to thank the staff and members for their support and co-operation over the past 5 months. Thanks to the staff, they were able to maintain normal office hours across all branches in Mallow (& Ballydaheen), Buttevant, Millstreet, Doneraile, Dromcollogher & Charleville and services were largely uninterrupted.
During this time they were also able to bring long term projects to fruition, including their new larger loan offering. Members can now borrow up to €100,000 (plus the value of savings they may have) from the Credit Union, with a reduced rate for those borrowing over €60,000.
Kieran O’ Callaghan, Head of Lending said: “After receiving the green light from the Central Bank to increase our lending limit, we now have the opportunity to lend larger amounts to our members who wish to extend or improve their homes. So whether they’re planning on converting the attic or adding an extension, we’re in a position to do more for our members.”
With a Mallow Credit Union loan:
- Approval is based on your ability to repay
- Free Loan Protection Insurance is included (for qualifying members)
- Interest is charged on the reducing loan balance
- You can make additional repayments without penalty
- To apply for a loan you just need to provide:
- Proof of address
- A valid photo I.D. (i.e. passport, driver’s licence)
- 3 most recent payslips for all parties whose income is used to support the loan application.
- 3 months bank account statements (up to date) for all parties whose income is used to support the loan.
- Most recent Credit Card statement for all parties whose income is used to support the loan.
-In the case of the self- employed we will require the most recent audited accounts together with a letter from your accountant confirming that your tax affairs are up to date
Members can apply in any of our branches, all of which are adhering to co-vid governmental guidelines, online or over the phone.
Visit www.mallowcu.ie for more information.
Sister Delphine Kearney, CCVI, a Sister of Charity of the Incarnate Word, Houston, Texas passed away on August 8, 2020. May she enjoy God’s presence whom she loved and served so faithfully.
