5 Ways Credit Unions are Supporting Communities Now
05 Nov 2020
Above image credit: Emma Jervis
From supporting local businesses, to launching local sustainability projects, and giving communities financial support - credit unions around Ireland are doing what they do best - helping members.
Below are five examples of how credit unions are supporting their communities around the country.
1. St. Michael’s Credit Union Launch Biodiversity Initiative
St. Michael’s Credit Union, Cork, has a launched a Biodiversity Project. The initiative, which was put forward by members, aims to enrich biodiversity within the grounds of the St. Michaels and will be e supported by Rob Ó Foghlú of biodiversity advisory Living Systems. The project will allow the growth of natural plant species, encouraging the growth. They hope improve the biodiversity of the wider community.
More information here.
2. Access Credit Union Launch New Discount Card to Support Local Businesses
Access Credit Union in West Cork have launched a discount card which encourages members to shop local. Part of the ‘Love Local’ initiative, launched with Skibereen Chamber of Commerce and Schull and Bandon Business Associations, it gives members of Access credit union exclusive discounts with dozens of businesses in the local area.
Local businesses who do not have an online shop will also offer personalised, virtual shopping experiences via WhatsApp and Zoom as part of the scheme.
Elma Casey, CEO Access Credit Union told local media: “We have proudly supported local businesses for more than 50 years.”
“However, we are all too aware that our Credit Union and other businesses around us may not be here in the future if we don’t support each other now. Our high streets will look very different without all the beautiful independent family owned stores that make us unique.”
3. Ballinasloe Tell Story of Community Support
A recent clip published by Ballinasloe Credit Union reveals the credit union's 50 year history within the locality, how they have supported members with over €50m worth of loans the past year - as well as their ongoing sponsorship of local charity groups and businesses. What the video really gives us though, is a glimpse into the office of Ballinasloe; the interviews with staff revealing just how much their members, and their community mean to them.
4. Lough Credit Union Launch Member Loyalty Fob
Lough Credit Union have launched a Member Loyalty Fob – which offers their members discounts with local, participating in the Lough & Togher areas.
Members can now avail of discounts from up to 15 businesses, More information and a list of participating businesses can be found here.
5. St. Anthony and Claddagh, St. Jarlath’s Launch ReConnect Loan and Free Financial Support
Two credit unions in the West have joined to offer a reduced rate, personal loan as well as free financial advice to support members during this time.
The Reconnect Loan, set at a competitive 6.5% APR, is available from October, and allows members to borrow a maximum of €3,000 for up to three years. The two credit unions are also offering free financial advice for any member that might need it.