Sean O'Brien to launch Carlow Credit Union Agri Loan which gives farmers 'alternative option'

Carlow Credit Union launching new Agri Loan this month

Sarah Smyth

Reporter:

Sarah Smyth

Email:

news@carlowlive.ie

The Carlow Credit Union Agri Loan team

The Carlow Credit Union Agri Loan team

Carlow Credit Union are hosting a major event for farmers to the launch of their new AGRI LOAN, which will take place on Tuesday, April 30 2019 at 7pm in the Milford Room, Seven Oaks Hotel, Athy Road, Carlow. 

Sean O’Brien, International and Irish Rugby Player will attend as Special Guest and Matt O’Keeffe from KCLR Farm Show will act as MC.

Background info on Carlow CU

Carlow District Credit Union Ltd, has been at the heart of the community since 1963. Their core values are co-operation, equality and mutual self-help.

They are a co-op not for profit based financial institution owned by over 30,000 of members who save and borrow on a regular basis.

The Board of Directors, volunteers, highly experienced management team and staff’s priority is to continually safeguard and improve the financial well-being of members.

To date, most lending has been issued to Members for personal reasons such as Car purchase and repairs, Home Improvement, Wedding, Education, Holidays and much more.

Their common bond area increased since 2015 with three rural Credit Unions merging into Carlow CU.  Since 2015 three other Credit Unions merged, namely, Ballon/Rathoe, Rathvilly and Mayo/Doonane.

These mergers now extend the common bond area well into rural areas near to Bunclody, Co. Wexford, Donard, Co. Wicklow and Timahoe, Co. Laois.

These offices would have been helping rural members save and borrow for several years.

Up to now they have not been visually active in the farming community but the Board of Directors have approved this new Agri Loan, which they hope will provide an alternative finance option for farmers when they require finance to operate their farm.

If you are not already a member, you can join and apply for a loan on the same day.

Credit Union loans offer many benefits:

-You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without any penalties.
-There are no hidden fees, admin, set up or transaction charges.
-Insurance is included on your savings and loans at no direct cost to you (the debt is not passed onto family members.)
-Death Benefit of €1,500 is paid out towards funeral expenses to eligible members
-Approvals and decisions re loan applications are made locally in Carlow office.
-Interest is charged on the reducing balance so you pay less interest with each repayment.

You are invited  to the launch of this exciting new Agri Loan where full details will be made available. Further information is on their website www.carlowcreditunion.ie and they are very active on Social Media – Facebook, Twitter, Instagram & Snapchat.

To contact the Lending Team directly – email:- loans@carlowcreditunion.ie or Text/WhatsApp 086/0100671