Ballinasloe Credit Union are pleased to announce the launch of our new website. There is plenty of information about our products and services.
The Ballinasloe Credit Union School Quiz for 2020 took place on January 31st in Scoil An Chroi Naofa School Hall.
The winners were:
Under 11 – Competition A
- 1st Place – Cappataggle NS – Conal Nolan, Aaron Treacy, Ronan Lawless, Shiona Bowes and Shane Dervan.
- 2nd Place – Scoil ui Cheithearnaigh – Adam O’Muiri, Fiona Zancanaro, Conor O’Neachtain, Clodagh Ni Fhloinn and Rachel Walker.
- 3rd Place – Catherines Aughrim – Senan O’Hara, Isabelle Costello, Shona Mannion, Luke Bookless and Denise Connolly.
Under 13 – Competition B
- 1st Place – Creagh NS – Adam Doran, Vivienne Naughton, Anna Mai Dolan, Sulaiman Shahid and Aine Bleahene.
- 2nd Place – St Gabriels Kilconnell – Arya Treacy, Fionn Campbell, Patrick Kenny, Annalisa Cleary and William Mulkerins.
- 3rd Place Creagh NS – Evan Mc Keown, Roger Punnelipparambil, Cormac Murphy, Eabha Hardiman and Aine Bleahene.
Many thanks to all the parents and children for attending the quiz. The winning team in each category will now represent Ballinasloe CU in the Chapter Final later this month.
Thanks to Scoil An Chroi Naofa for the use of their excellent facilities & hospitality. Congratulations to all our winning teams who are photographed below receiving their prizes from Ballinasloe Credit Union’s Shane McNeill and Adrian Ahern.
We hope all who participated enjoyed the event and we look forward to doing it all again next year.
As of 1st February 2020 the maximum savings balance a member may have in Ballinasloe Credit Union will reduce from €60,000 to €30,000.
Ballinasloe Credit Union is a safe, strong and secure financial institution and we have always adapted our business over the years to ensure we remain in this position. The financial markets in which we operate pose new challenges to all Credit Unions. Member’s savings that are not on loan to other members are invested to generate income. Until recent years, these investments have provided substantial income.
However, due to the low interest rate environment, this income has now declined substantially with some banks actually charging Ballinasloe Credit Union for holding your savings, which is an additional cost for your Credit Union. This savings limit is simply one more adjustment to ensure we are prepared for the changing financial landscape we operate in and the limit of €30,000 was chosen in an effort to be fair to all members.
As the financial climate changes, we can certainly revisit this issue when we believe it is in the best interest of the Credit Union and its members to do so.
Ballinasloe Credit Union is a testament to what local people and communities can achieve and we look forward to your ongoing support, enabling us to continue to expand the range of financial services within your local community.