Open a new checking account with Cavan Credit Union
Cavan Credit Union now offers a new checking account service with debit card facilities. The account provides members with access to a full suite of current account services, a globally accepted MYCU Debit Mastercard, and contactless payment options.
The Credit Union went live on July 4 with the current account, in response to member demand. The decision was also directly informed by the impending withdrawal of Ulster Bank and KBC from the Irish financial market.
“Offering our members, old and new, the benefits of a checking account with a debit card, which can be used anywhere, was the next logical step for Cavan Credit Union” explained Therese Conway, CEO of Cavan CreditUnion. “We have been very fortunate that the past few years have been good for the Caisse Populaire. We have built a solid balance sheet which has allowed us to invest in current accounts, so that we can offer this key service to our members, which is now more important than ever as financial institutions leave the Irish market.
“The support of our long-time members and the very high level of new members joining, which has tripled in recent times, has encouraged us to enter this next phase for Credit Union, which offers our members what they need to meet their everyday banking needs, wherever they are.
Therese said that in addition to a globally recognized MYCU Debit Mastercard which provides easy access to money 24/7, the other benefits of opening an account Current Cavan CUs include a competitive monthly account fee of €5, five free ATM cash withdrawals per month and free contactless. Payments. There is no monthly fee for members over 65 or for full-time students over 16, which is the minimum age for a checking account.
Therese explained that the debit card, which can also be added to your Apple wallet on your phone, can be used to buy online or in stores, here or abroad and can also be used at any vending machine. tickets, here or abroad.
To open a checking account with Cavan Credit Union, there are a number of simple options. These include opening a new account online or via the CavanCU app, which can be easily downloaded to your phone or by visiting a branch, which is open Monday to Friday 9.30am to 4.30pm (Wednesday from 10 a.m. to 4:30 p.m.). Therese advised that if you need to transfer payments from an existing checking account that you are closing, it is best to make an appointment and go to the credit union, where a dedicated member of staff will open your new one. account with you and help you switch accounts. existing payments.
University Loans and Green Loans
Theresa informed Celt that the current account is just one of many new offerings that Cavan Credit Union is offering to its members.
“As a credit union, we are very focused on being progressive and providing our members with what they need here and now, which changes as times change. We were delighted to offer our members our new agricultural loan product, Cultivate, last year which has been very successful and we have lent over £1 million worth of Cultivate loans to the local farming community .
“We are happy to be able to add current accounts and debit cards to our offer. We are also working on additional offers for later this year. We will be offering a special low-rate student loan for members going to college beginning in August. This is in response to the cost of living crisis and the credit union is looking to help college-going members and their families with an excellent student loan rate. We will have more information on this for our members next month. We’ll also be launching a value-for-money ‘Green Loan’ for eco-friendly home improvements in September. Again, this caters to members who want to make their home more durable and more economical to heat and maintain. As a community co-op, we seek to help our members do just that.
Therese concluded by saying that with the support of the local community, Cavan Credit Union has come a long way in recent years.
“We look forward to building on this momentum and being there for our members in all the ways they need us to be. We strive to adapt and grow with the needs of our members, in order to serve the Cavan community well, now and for many years to come.