Latest News

23 May 2020

Our New Website Is Live

Lisnaskea Credit Union are pleased to announce the launch of our new website. There is plenty of information about our products and services and a new loan calculator feature using slide bars right on our homepage. You may register through this website for on-line access to your account information and you may also apply for your loan on-line.

02 Jul 2020

Death Benefit Cover of £2000

This year (2021) we are offering the Death Benefit Insurance Scheme for an annual premium of £17.16. We strongly urge all members to join the scheme, which provides welcome relief to families at a most difficult time. Please contact the office for further information.

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 £10 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.