Ballinasloe Credit Union offers a Bureau de Change through FEXCO (Foreign Exchange Company of Ireland). Our aim is to provide a convenient, better value service to members in their foreign currency requirements.

• We sell foreign notes, and we will buy back, commission free, any unused currencies
• We have over 40 currencies available to order
• Even Better Rates
• No minimum spend
• Payment only on collection
• 0% Commission for Online Orders only
• Most common currencies are readily available on demand e.g. Sterling, US Dollars, and other currencies are available within 2 -3 working days.

Free Loan Protection Insurance is payable on the death of the eligible member, subject to policy terms and conditions.

The insurance benefit payable is the amount of the member’s outstanding loan balance.

Under the Ballinasloe Credit Union policy death cover ceases on the members 85th birthday.

You will be informed at the time of the loan application if your loan exceeds the amount covered by the credit unions policy.

For joint accounts both parties are covered.

Please note there is no direct cost to the member for this service.

Life Savings Insurance is the life insurance cover the Credit Union provides for its eligible members as an additional incentive for them to save regularly. The amount of insurance benefit to which a member is entitled to in proportion to the amount of savings the member has, and depends on the members age at date of lodgement.

Subject to a maximum benefit set by you Credit Union, every €1 you save before the age of 55 provides €1 of insurance. Once you are over the age of 55 each €1 you save with your credit union provides the following benefit:

• €1 saved between ages 55-59 provides €0.75 insurance
• €1 saved between ages 60-64 provides €0.50 insurance
• €1 saved between ages 65-69 provides €0.25 insurance

No insurance is payable on amounts saved after your 70th Birthday.

Once earned, your insurance remains in force as long as you leave your savings in your credit union. Withdrawals may affect the amount payable.

A member is eligible for the insurance cover carried by the credit union if when they begin saving they are:

Under the age of 70
Actively at work, or if not working, in good health

For joint accounts only the first named member is covered.

The maximum amount of insurance that can be paid out is €3,000.

Please note there is no direct cost to the member for this service.

All eligible members of the Credit Union can apply for insurance covered under our Death Benefit Insurance Policy. This means in the event of your death, a lump sum of €1,300 will be paid to your family to help with the cost of funeral expenses, thereby easing the financial burden of bereavement.

Nobody enjoys talking or even thinking about their own mortality. However the simple fact is funerals are now extremely expensive and very few people realise the impact funeral bills will have on their lives. In recent years the average cost of a funeral has increased from €300 to over €6,000. Death Benefit Insurance won’t ease bereavement but it will go a long way towards easing the financial burden your death may place upon your family.

To qualify for death benefit insurance you must be a Credit Union member and must have joined the Credit Union before your 70th birthday. Member must be in good health when opening the account and must satisfy the requirement of having a share balance of €100 at the time of death.

Direct Debits In: A Direct Debit can be set up to deduct money automatically from your bank account into your Credit Union account on a regular basis – Weekly, Fortnightly or Monthly. This is a great way to make your loan repayments. All you need to do is complete a Direct Debit Mandate, return it to us and we’ll do the rest!

Direct Debits Out: Direct Debits can also be set up to make sure that your bills are paid regularly and on time.

A Direct Debit can be set up to pay any service provider from your Credit Union account and is a simple and reliable way of making repayments of your bills. To set one up, all you need to do is provide the service provider with your Credit Union BIC & IBAN numbers, which you can get by contacting us.

Standing Orders can be set up by members so that regular payments can be made from your bank account into your Credit Union savings account or off your loan for fixed amounts. You set it up with your bank and only you can make changes to it.

You will need your Credit Union BIC and IBAN numbers, which you can find on any of your transaction receipts, or you can call us on 090 9643179.

Regular bill payments can also be set up from your Credit Union account.

Simply call into us to set up your bill payment or if you’re short on time, you can set up bill payments up through your CU Online account.

You can transfer funds electronically from your Credit Union account to a bank account of your choice in a safe, and convenient way. Simply call into us to set up your EFT or if you’re short on time, you can set up an EFT through your CU Online account.

You can also transfer funds from your bank into your Credit Union account through CU Online or credit transfer at your bank branch – all you need is your Credit Union BIC and IBAN numbers, which you can get by contacting us.

Please note, that if you have a number of accounts with us, for example Shares, Loan and CU Cash, it is important that you contact the branch in advance of sending funds into your account using your IBAN/BIC so we can correctly disburse your funds into the account(s) that you specify.

Members can now access their accounts using the self-service kiosk in the Credit Union.

The kiosk offers a range of services which include cash lodgements for shares and loan repayments.

Members can also withdraw from their account using the kiosk.

(please note withdrawals are only available to members who have registered to use CU Online).