'Great turnout': Huge interest in Carlow Credit Union's Agri Loan after its recent launch

A large number of farmers made enquiries afterwards

Darren Hassett

Reporter:

Darren Hassett

Email:

news@carlowlive.ie

Carlow Carlow Carlow

Well done to the Carlow Credit Union team!

Carlow Credit Union's Agri Loan launch was a huge success with a "great turnout and a large number of farmers who made enquiries afterwards".

The launch took place last Tuesday, April 30 in the Milford Room of the Seven Oaks Hotel, Athy Road, Carlow. 

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.

In a post on Facebook, the local Credit Union said: "Thank you to everyone who attended our Agri Loan launch. 

"We were delighted with the great turnout and especially the large number of farmers who made enquiries afterwards."

For further information check out their website by clicking here.

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, Wexford, Donard, Wicklow and Timahoe, Laois.

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

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.

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