Donegal Daily
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
Thursday 15°CFriday 14°C

Donegal Daily Donegal Daily

sponsor banner
sponsor banner
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
BusinessLifestyle

Let your Letterkenny Credit Union savings work for you without touching a cent

written by Stephen Maguire October 24, 2017
FacebookTweetLinkedInPrint

Adults in Ireland have become disciplined with building up a rainy day fund, perhaps thanks to our recent economic upheaval.

Letterkenny Credit Union says that members are continuing to put away a little money each month and are exercising restraint when it comes to withdrawing the funds.

Building up a nest egg, and leaving it in place untouched, takes a lot of hard work and discipline. Understandably when people find themselves in need of that bit extra to fund a wedding, holiday, new car, or those unexpected events in life, they are often loath to dip into their hard-earned savings. Psychologically, it can be easier to borrow a little than having to replace your savings.

This is when a secured loan from Letterkenny Credit Union at a special rate of 5% APR* is the perfect solution. Credit union members are free to apply for a loan up to the amount they have in their savings. The loan can be taken out for any reason – there is no restriction on the purpose- and the member can also benefit from Letterkenny Credit Union’s loan interest rebate.

Speaking about the loan, Paul Hume, Chairperson, Letterkenny Credit Union said “There are a number of great benefits to be had with our secured loan, including the fact that members will not have to face draining their life savings. The loan is available at the reduced rate of 5% APR*, approval is fast and the loan can be for any purpose. And crucially, the member’s Life Savings remain intact.

“With this product, our members can relax knowing that their nest egg remains untouched, while still availing of the extra finance they need. All you have to do is contact one of our friendly staff members to find out how you can put your savings to work – without touching a cent.”

* For a €15,000, 5 year variable interest rate loan with 60 monthly repayments of €282.05, an interest Rate of 4.85%, a representative APR of 5%, the total amount payable by the member is €16,921.86. Information correct as at 24/10/2017. The secured loan is applicable for members who wish to borrow up to the value of their shares. Shares are held as security against the loan.
-ENDS-
For further information please contact: Letterkenny Credit Union on 074 91 24166 or email info@letterkennycu.ie

Let your Letterkenny Credit Union savings work for you without touching a cent was last modified: October 24th, 2017 by Stephen Maguire
FacebookTweetLinkedInPrint

Tags:
donegalLetterkenny Credit UnionLoan
Stephen Maguire

Stephen Maguire is the co-founder of Donegal Daily. He has worked as a reporter for almost 30 years starting locally with the Donegal Peoples Press before moving to the Mirror Group. He continues to contribute daily to national media outlets including the Irish Times, RTE, the Irish Independent, Irish Sun, Irish Mirror, Irish Star, the Daily Mail and the Examiner.

LEAVE A COMMENT

You may also like

Glenties fiddle player to launch first podcast...

10 hours ago

Sound of music to fill Letterkenny as...

10 hours ago

Massive Lennon Festival line-up features Daniel O’Donnell,...

11 hours ago

Watch: Alanis Morissette pulls Donegal fan on...

16 hours ago

Watch: Daniel stunned by all-singing, all-jiving impersonator!

1 day ago

Kneecap star appears in famous Leo’s Tavern!

2 days ago

Six Donegal bands hit all the right...

2 days ago

Killygordon company gets huge boost with takeover...

2 days ago

Donegal singers in Denver set for historic...

2 days ago

Folúntas: Oifigeach Cléireachais (Na Cealla Beaga)

3 days ago
Advertisement
Advertisement

Donegal County Council

Facebook
Donegal County Council
Advertisement
Advertisement
Donegal Daily Jobs

Read More

  • News
  • Sport
  • Courts
  • Jobs
  • Sales & Services
  • Obituaries
  • Features
  • Business
  • Politics
  • Council News

Information

  • Contact Us
  • About
  • Advertise WIth Us
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions

Our Sites

Donegal Woman
Donegal Woman
Donegal Daily

© 2025 Donegal Daily. All rights reserved.
Website by owenod


Back To Top.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy