Face-to-face customer experience gives Longford Credit Union the personal touch
Whether it’s a safe space for your savings you’re looking for, or a loan to help pay for your dream trip, some new wheels, or whatever else your heart may desire, Longford Credit Union is the place to go.
Established in 1970, Longford Credit Union is a local, not for profit organisation that exists solely for the benefit of its members, not stock markets. That means decisions are made at a local level and are in the best interests of our members and the local community.
Longford Credit Union, along with other unions around the country, is distinctly different from other financial institutions for a number of reasons.
The Credit Union has members, not customers, and membership is open to people who have a unique ‘common bond’ with other members of the Credit Union. This common bond area of Longford Credit Union is the county of Longford (including Rathowen and Streete but excluding Lanesboro) and once you reside or work in this area you are eligible to become a member.
Longford Credit Union offers a face to face customer experience at a time when other financial institutions are moving away from physically meeting customers.
Most importantly, the Credit Union does not profit from members. In fact, any surplus income is used to develop new and existing services or is distributed among members in the form of dividends.
There are no hidden administration or transaction fees - what you see is what you get - and loans and savings are insured at no direct cost to an eligible member.
Longford Credit Union also offer flexibility regarding loan repayments - a loan can be paid back earlier without incurring any penalties.
‘Nomination’ of accounts is a unique facility for credit union members. Credit unions have a nomination facility whereby members over 16 years of age can nominate who is to receive the property of their accounts with the credit union upon death up to a value of €23,000, meaning your property will not have to pass through the sometimes lengthy process of probate or intestacy process.
Longford Credit Union is committed to its local community and provides support to local youth initiatives, charities, sporting clubs and cultural events.
For more information, visit www.longfordcu.ie, call 043 33 41523, or visit the credit union at 50 Main Street Longford, Monday to Friday, 10am to 5pm, or Friday evenings from 5.45pm to 7.15pm.
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