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Member Notice – Change of Hours

By Latest News

Due to the Ballinasloe Fair & Festival our office opening hours will change from October 1st to October 8th 2022.

  • Saturday Oct 1st: 9:30am – 1pm
  • Monday Oct 3rd: Closed
  • Saturday Oct 8th: 9:30am – 1pm

All other days normal opening hours from 9:30am – 5pm.

June Prize Draw Winners

By Latest News

Congratulations to all our June Prize Draw Winners.

 

Yvonne Hoary Derryhiney, Portumna, Co. Galway

 

Marina Dolan                Knockcroghery

Julianne Farrell              Woodlands

Larry Clarke                  Woodlands

Fergal Mc Kenna           Creagh

Gerard Mitchell             Ballymacward

Patricia Egan                 Kilclooney

Martin Anderson           Menlough

Mary Hearne                 Killimor

John Kenny                   Eyrecourt

Saleha Al Sabahi            Kilgarve

Evelyn Seale                  Loughrea

Marie Jordan                Creagh

Melissa Hogan & Declan Kenny        Eyrecourt

Ann Gately                    Laurencetown

Colm Kenny                  Ahascragh

 

MYCU Upcoming Maintenance

By Latest News

Essential Maintenance Notice

Due to essential maintenance, members may not be able to use their MYCU card or contact the MYCU call centre between 21.30pm on Tuesday 28th June and 02:00am on Wednesday 29th June 2022.

Apologies for any inconvenience caused.

Job Vacancy – Teller/Member Services Officer

By Jobs, Latest News

Teller/Member Services Officer (5 month Fixed Term Contract)

Ballinasloe Credit Union is seeking to recruit a Teller/Member Services Officer for a fixed term contract.  The position is ideal for a student looking to start their career in a community focused Financial Institute.

MAIN DUTIES

  • Processing financial transactions for members
  • Cash Handling
  • Foreign Exchange
  • Back office administration/clerical duties.
  • Comply with system/controls, policies and procedures of the credit union.
  • Undertake relevant training as deemed necessary by the management team.

ESSENTIAL COMPETENCIES

  • Ability to multi-task in a busy team environment and work off own initiative
  • Excellent communication and interpersonal skills
  • Excellent I.T. skills with an ability to adapt quickly to different IT systems.
  • Excellent administration skills and attention to detail.
  • Good team player

DESIRED COMPETENCIES

Experience of working with the public & cash handling, together with experience in a Credit Union or financial institution, although not a necessity, would be an advantage.

HOURS OF WORK 

36.5 hours per week, Monday – Saturday (5 days per week)

Please forward a covering letter and CV by email to info@ballinsloecreditunion.ie  or by post to HR Department, Ballinasloe Credit Union, Main Street, Ballinasloe, Co. Galway, H53VK18

Closing Date for Applications – 5pm on Monday 02nd May, 2022

Why get a Mortgage from your local Credit Union?

By Latest News

Buying a home can be one of the more stressful times in a person’s life. When you’ve finally found the home of your dreams (or at least one that you might have some chance of affording), your thoughts will quickly turn to where you can source the funds to buy it.

Like so many people across Ireland, you may have built up your mortgage deposit by saving in your local credit union. You’ll now be happy to hear that more and more credit unions are now offering mortgages to their members.

So why should you choose a credit union for a mortgage instead of a bank?

Here are 9 reasons why a mortgage from your credit union might be the right option for you.

1. You’ll be dealing with an organisation based in your community which you know and trust.
Credit unions constantly go above and beyond for their members. In fact, Irish credit unions hold a world record for customer (or member) experience! They have been ranked the number one organisation for customer experience in the CXi Ireland Customer Experience study for seven consecutive years.

2. Your CU will see you for you!
When you apply to your local credit union, you will be treated you as an individual and your credit union mortgage advisor will take time to understand your particular circumstances. Or in more simple terms, your CU will see you for you!


While every financial institutions in Ireland must adhere to the Central Bank mortgage measures regarding loan to income (LTI) and loan to value (LTV) limits, all too often there are circumstances pertaining to an individual mortgage application which aren’t black and white. Perhaps someone had a dip in their income due to Covid-19? Maybe a credit card wasn’t cleared on time in a particular month?

When you deal with a credit union, a member of staff will take the time to listen to you. They will endeavour to support you at every stage of the mortgage process and help you towards getting a positive outcome.
3. A Mortgage Decision Made at Local Level
Your mortgage decision will be made at local level, not in some remote banking headquarters. You’ll be dealing with people who understand the local area and the challenges faced by local people. In most cases, credit unions are happy to accept applications for small mortgages, something your not so local bank may not be as happy to entertain.
4. You can deal directly with the CU
You can deal directly with your local credit union, rather than going through an intermediary. Credit unions don’t generally use the services of mortgage brokers. Instead, they focus on promoting mortgages directly to their members.

When you are applying for a mortgage, you’ll be dealing directly with a member of staff who is motivated to make the process as straight forward and stress free as possible for you.
5, You’ll be Supporting Local

If you choose a credit union for your next mortgage, you’ll be helping to break the stranglehold which Irish banks have on the mortgage market. In recent weeks, the ILCU has been running an #unlockthepotential campaign to highlight that restrictive lending rules limit credit unions to just 3% of the mortgage market. In comparison, Ireland’s three pillar banks share 70% of the mortgage market with the remainder primarily held by KBC and Ulster Bank, which are exiting the market.

By choosing your local credit union for your next mortgage application, not alone will you reap the benefits of the exceptional member service which credit unions provide, you’ll also be giving your business to a not-for-profit community based institution, that’s motivated to help you.
6. No Vultures!
Credit unions don’t sell their mortgages to so called vulture funds. Enough said.
7. Straight Forward, Competitive Rates
Credit unions offer straightforward, competitive mortgage rates, which are set at local level. They won’t try to hoodwink you with an ‘introductory’ offer or try to win your business with a view to ramping up the rate charged in subsequent years. They’ll give you a clear picture of your total repayments over the term of the mortgage, and highlight how any changes in interest rate may impact these repayments.

 

8. Imagine More from your Local Credit Union
You credit union can now help you with most or all of your financial needs. This reduces the likelihood of you having to go to a bank for other financial services.

As well as mortgages, many credit unions now offer a full range of banking serves. More two million credit unions members now have access to a current account, many credit unions now offer business lending, loans for home energy upgrades and financial planning support. In addition, credit unions have digitised their services with more and more now facilitating members to carry out their financial needs, without having to visit a credit union branch.
9. Your a part owner of the Credit Union
You’ll be dealing with a financial institution that, as a member, you actually own and one which is on hand to help you with your financial needs through at all life stages.

Whether you’re buying (or building) your first home, trading up (or down) or you’re thinking about switching your mortgage, your local credit union could be on hand to help.

MYCU Guide

By Latest News

The MYCU Current Account is a full service account, bringing you all the features you have come to expect from a current account and delivered with the same local, trustworthy service of your credit union.

Follow the video above to see how easy it is to open a MYCU Current Account.

How to Find the Best Value Electric Car in Ireland

By Latest News

Fuel has been rising at an alarming pace since the start of the War in Ukraine. Add to that the dramatic rise in inflation and cost of everyday living. Most of us are now seeking cheaper alternatives to traditional petrol and diesel cars. As a result, demand for Full electric vehicles(BEV’s) is skyrocketing. In contrast to hybrid vehicles (which are still operate predominantly using fuel), fully electric cars run exclusively via a battery (charged using electricity). A recent report from Done Deal found that demand for electric vehicles on their website increased by 218% year-on-year.

Many people are trawling the web attempting to find the perfect value electric car for them. A car which is not too expensive and delivers good range. This is no easy feat as there is a sizeable cost difference in pricing for electric cars vs petrol/diesel cars.

In this blog we explore the best value electric cars in the Irish market. We detail the cheapest Electric Vehicles in the Irish market as well as offer more reasonably priced EV’s with decent range. The focus will be primarily on the new car market and options available to suit your budget and needs. But first one need to access what value means to you as a consumer.

Accessing Electric Car Value – Price vs Range

Before delving into listing electric cars available in the Irish market, we must first access what we mean by the term value. This can represent something different to everyone. Usually, by value we mean it is not too expensive and lasts for a long time (durability & good quality). In terms of electric vehicles, we also must add in range to this value equation. Each electric vehicle possesses a different size and quality of battery delivering a different range for a full charge. Generally, the more range you need, the higher a price you pay. Also known as the “range premium” among EV owners.

  • What represents Value to you?

If you live in a rural area and do a lot of long-distance driving, then range is a lot more important to you. Living in the city and covering shorter distances day to day (except for the odd occasion like a holiday), may mean range is less important and you may compromise range for a lower electric car price. Increasingly families are choosing EV’s as a second car and only using it for school trips and day to day trips relegating the significance of range.

The average daily commute per Irish person was 15km according to the 2016 census with the longest being 25km. Even the cheapest EV’s offer ranges well in excess of this. Most electric cars cover >250km per full charge in standard driving conditions.

  • The Importance of Home Charging availability

Access your usual range requirements for travelling prior to choosing an EV. Also, its important to have you the ability to install a home charger at your home. Installing a charger at home is important due to the scarcity of public chargers throughout Ireland (unless you are happy to wait over an hour in the queue). Not having the ability to install or access a home charger may create significant inconvenience to you if an EV is your only vehicle. Home charger installs cost approximately in the region of €1,200 – €1500 for a standard install. SEAI offer a EV home charger grant of €600 to help cover some of this fee. You should insert this fee into your overall budget if deemed important.

The Best Value Electric Cars

All of the above factors needs to be weighted into determining your budget. Now we are ready to attempt to access the best “value” Electric cars in the Irish market. We will primarily factor in retail price and range into our selections.

For each electric car listed below, the figures focus on battery size (measured in kWh) and range according to the standardised WLTP cycle.

Cheapest Electric Cars with Standard Range

Criteria: Range >250km range & price <€32,000

1. Renault Zoe E-Tech Electric

Image: renault.ie
Price: €28k
Range: 377km
The Renault ZOE was Europe’s biggest-selling electric vehicle in 2020 and comes with a very good range at an affordable price.

 

2. Opel Corsa-e SRI

Image: opel.ie
Price:
€31k
Range: 337km
This electric from Opel comes with a decent range and nice design.

 

3. Nissan Leaf XE (40kwh)

Image: nissan.ie
Price:
€28k
Range: 270km
Nissan have been established in the EV market since 2010 when the first generation Leaf was introduced. If range is an issue, the Leaf also comes with a 62kwh battery offering a range of up to 385 km at a cost of €36k.

 

Best Value Electric Cars with Medium Range

Criteria: range >300km range & price <€35,000

1. Peugeot e-208 Active (50kwh)

Image: peugeot.ie
Price:
€29k
Range: 350km
Peogeot are making EV’s a strong focus in the coming years and are releasing more exciting models. This model offers good range and comes under the €30k bracket.

2. Volkswagen ID 3 Lite (58 kwh)

Image: volkswagen.ie
Price:
€33k
Range: 425km
Volkswagen are establishing a strong reputation as a dominant EV player with ID3 and ID4 models proving hugely popular with customers. While Volkswagen have been hampered by car delivery delays the ID3 is well worth consideration.

3. Opel Mokka

Image: opel.ie
Price:
€34k
Range: 322km
The Mokka is a very stylish SUV available in both Petrol and Electric. While the range might not be the best, it makes up for this with great design.

Best Value Electric Cars with Long Range

Criteria: range >400km range and price <€40,000

1. Kia e-Niro

Image: kia.ie
Price:
€38k
Range: 455km
The e-Niro costs around €2,000 more than the boxier looking e-Soul, but looks a lot better design wise. It has more space than similar competitors and is well worth consideration for those looking for a family EV with large boot and rear seating space.

2. Hyundai Kona EV 64KW

Image: hyundai.ie
Price:
€38k
Range: 482km
The Hyundai Kona also comes with a smaller battery offerring just over 300km for slightly over €30k. But if you have it, its well worth paying extra for the 64kw battery which comes with an industry leading 482km for an EV under €40k.

3. MG ZS EV (72.6kwh)

Image: mg.ie
Price:
€33k
Range: 440km
Chinese brands are quickly becoming leaders in the production of EV’s. The MG ZS is one of the first Chinese forays into the Irish EV market and comes with a great range at an affordable price.

**Prices are rounded to nearest whole number and do not include dealer delivery charges. Prices are correct/relevant at the time of publication of this article (01/04/22). Prices start from standard features while Images may include extra features and customisations which cost extra. The content of this blog is aimed to provide general advice and information to the public only. All prices and details are as accurate as possible at the time the blog was written. Readers should always seek professional advice when purchasing a car suitable for them.

St. Patrick’s Opening Hours

By Latest News

Our office will be closed this week for St. Patrick’s Day on Thursday March 17th and COVID Remembrance Day on Friday March 18th.

We’re back to our normal opening hours on Saturday from 9.30am to 4.30pm.

#BCU #StPatricksDay #Ballinasloe

Valentine’s Competition Winner

By Latest News
💖 COMPETITION WINNER 💖
 
Congratulations to Angelika Manning who is the lucky winner of our Valentine’s Competition and has won a €75 voucher for a local restaurant 🍽
 
Well done again Angelika and thanks to everyone who entered the competition 👏
 
#BCU #Valentines #Winner

Temporary Change of Hours

By Latest News

Commencing on Wednesday January 5th the office will be closing for lunch from 1pm – 2pm.

Our phone and online services remain unaffected by this change.

We apologise for any inconvenience caused. The change will remain in place until the end of January, when we hope to resume to normal hours.

Our phone and online services remain unaffected by this change.

We apologise for any inconvenience caused.

Ballinasloe Credit Union (Our Lady of Lourdes) Limited
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