Dundrum Latest News
Notice Death Benefit Insurance
NOTICE
Discontinuance of Death Benefit Insurance
The Board of Directors has decided to discontinue Death Benefit Insurance, with effect from 1st June 2010.
Dundrum Credit Union will continue to provide Life Savings Insurance at no extra cost to members.
Members can also avail of additional life cover through the Family Life+ scheme, which is available on a member-buy basis from the credit union
Small Business Loan Scheme
Small Business Loans now available!
Dundrum Credit Union has introduced a Small Business Loan Scheme, a loan designed to support small businesses. This means that substantial funds are now available to successful applicants as a personal loan for business purposes.
More than a loan
It’s not just about money - the aim is to provide a package of assistance. The scheme is provided in partnership with Dun Laoghaire Rathdown County Enterprise Board. The package includes professional business mentoring and enterprise supports, to improve the chances of success.
What can the loan be used for?
Loans will be provided for working capital as well as for capital assets – except mobile assets such as vans or cars. Dundrum Credit Union already has attractive motor finance options available.
Who can apply?
Members of the credit union or those eligible for membership are invited to apply at the credit union. The scheme is aimed at those involved in existing small businesses or considering a start-up venture.
How much can I borrow?
Loans of between €5,000 and €40,000 are available under the scheme. The maximum repayment period is 5 years. The interest rate is 5.95% (6.11% APR) variable. The loan is to the individual, NOT the business i.e. a personal loan for business purposes.
When do repayments begin?
Loan repayments must commence within three months of loan draw-down in accordance with the loan agreement. Loan interest is charged from the date of draw-down.
Anything else I need to know?
As well as a completed loan application form, all applicants must submit a basic business plan, with full financial projections for a minimum 3 year period. Existing businesses must also provide a copy of their latest set of audited accounts and bank statements.
Ready to do business?
For an application form, or for more details, contact Dundrum Credit Union today.
Phone 01 299 0400, email info@dundrumcu.ie or call in to talk to us at any of our offices:
Dundrum office:
Main Street, Dundrum, Dublin 14
Ballinteer office:
Ballinteer Shopping Centre, Ballinteer Avenue, Dublin 16
Sandyford office:
Balally Shopping Centre, Sandyford, Dublin 16
Arrears
Members, if you are experiencing financial problems or you are
having difficulties in maintaining your loan repayments, please
contact the Credit Union, Credit Control Department as soon as possible.
You can be assured you will receive a sympathetic hearing from our
qualified staff.
The worst thing you can do is ignore the problem, as this could eventually
lead to legal action being taken against you. If for any reason you
are going away for a period of time or you are out of work, please contact us
as soon as possible so that we can discuss and reach a mutually
acceptable agreement.
The Credit Union would encourage all members not to ignore any financial
difficulties that you may be experiencing. We are here to help. Dundrum
Credit Union put people first not profit.
If you find yourself in debt:
• DON’T PANIC
• Do not ignore the problem; it will not go away
• Take immediate action
• Contact Our Credit Controller by phone on: 01- 299 0400
or by email at: mary@dundrumcu.ie
We Are Here to Help
Don't Delay - Make that Call To-Day
Budget Planner : Why not download our Budget Planner and keep track of your outgoings: Click here
Child Benefit: Did you know, you can get your Child Benefit Allowance paid directly into your Credit Union Account? Contact any of our offices for further details. Click here for contact details.
Email Security Alert
Security Alert!! Be aware of hoax emails.
Credit Unions will NEVER ask you to confirm secure login details by email.
An email is currently being distributed purporting to be from the Irish League of Crdedit Unions – you should delete this email immediately.
Never provide personal information by email.
Deposit Protection Scheme
The Deposit Protection Scheme is a scheme that can provide compensation to depositors if a credit institution is forced to go out of business. It covers deposits held with banks, building societies and credit unions.
The Deposit Protection Scheme covers:
- current accounts
- demand deposit accounts
- term deposit accounts
- share accounts and deposit accounts with building societies
- share accounts and deposit account with Credit Unions
The maximum amount you can get under the scheme is €100,000 for each bank, building society or credit union account you hold.