LATEST NEWS

08 Nov 2022

Car & Home Insurance Discount

Enniskillen Credit Union have partnered up with AXA Insurance to provide a benefit scheme just for you

01 Jun 2022

Foreign Exchange is now available

Order online today by visiting : https://www.no1currency.com/buy-currency/

11 Feb 2021

Online Banking

We are now offering a full Online Banking service to all of our members. You will need to Register for a PIN to use this new service. Once we have validated your identity, we will send you a temporary PIN via SMS.

FAQs

What is the Common Fund?

As the amount of shares builds up, the common fund of money grows. This is then available for providing loans to members. All members are encouraged to save regularly, even when repaying a loan. This gives the member several direct benefits, and ensures that there are funds for the credit union for use by all members.

What are shares?

Every £1 saved is equivalent of one share in a credit union. A minimum saving of £2 is needed to keep the account open. You should save regularly to build up a savings history. Each share is eligible for a dividend at the end of the year. The more savings held by the Credit Union, the more funds are available for loans to members.

What can a credit union do for you?

Your credit union can help you achieve financial independence through regular savings and fair and affordable access to loans.

What is the common bond?

The common bond is that factor which unites all members of a credit union. It defines the area within which the credit union can operate. In Ireland, the most usual common bond are Community bond (where all members live in defined village, town or locality); Occupational Bond ( where all members are in the same occupation or work for the same employer); Associational Bond ( where all members are in the same society or association).

What is a credit union?

A financial cooperative, owned, and controlled by its members for its members.