Why choose usWe’re a community organisation, owned and controlled by our members which means our primary objective is to cater for the fi nancial needs of people like you.

We love lendingYour savings are 100% secure with us, and of course you can apply for a loan whenever the need arises, safe in the knowledge that we will deal personally and speedily with your request. If you have any questions about our products or services, feel free to visit our website at www.blackrockcu.ie or give us a call on 01 283 1034. Better still why not drop into us on Carysfort Avenue, we’d love to see you.

Benefi ts No transaction fees

We have some of the best interest rates around starting from just 6% (secured).

We’re open on Saturday mornings and until 6pm on Thursday nights.

We make it easy for you to contact us! Call us on 01 283 1034, email us at info@blackrockcu.ie or simply call in and chat to one of our friendly staff .

We’re focused on people not profi t, providing products and services that members need and want.

We’re here for you with loans to suit your needs.

WelcomeWelcome to the Blackrock Credit Union membership booklet. In the next few pages we will outline some information about what we can off er you in relation to our products and services.

How to join Blackrock Credit UnionBecoming a member is easy. You just need to fi ll out an expression of interest form which you can fi nd on www.blackrockcu.ie and bring it into us in Carysfort Avenue along with the following items.

1 Proof of Identity e.g. valid passport, drivers licence

2 Proof of address e.g. utility bill, letter from a Government agency, dated in the last three months

3 Proof of your PPS number e.g. tax cert, Revenue Commissioners offi cial document, letter from social services

4 Working in the Blackrock Credit Union common bond If you are working but not living in our common bond we require a letter from your employer confi rming employment.

Blackrock Credit Union Common BondA common bond defi nes the area within which the credit union can operate. People living, working or going to school within the Common Bond are eligible to join the credit union. The area roughly stretches from Trimleston to Monkstown Road and from the sea to the Stillorgan Road.

Reasons to get your loan with Blackrock Credit UnionWhatever you have your heart set on – from a new car to home improvements, or from a holiday to an educational loan – we can help you turn your dream into a reality with an affordable interest rate starting from just 6%.

Low interest ratesWith secured loans starting from just 6% there is nothing stopping you from making that dream a reality. Download the loan application form on our website (www.blackrockcu.ie) and post/email it into us or just pop into us for a friendly chat on Carysfort Avenue. Interest is calculated on your reducing balance so you pay less interest with each repayment.

Flexible payment optionsWe can design the repayment terms around your needs, we know that every borrower is different, so we make every loan different. Depending on the amount you want to borrow and your personal circumstances, we can tailor a loan to suit you.

No transaction feesThere are no hidden fees or nasty surprises with a Blackrock Credit Union loan.

No penalty for early loan repaymentIf your circumstances change and you can pay off your loan earlier than expected we won’t penalise you for it unlike other financial institutions. Equally you can make additional lump sum repayments without penalty.

Free Loan Protection InsuranceLoans are insured against death and at no direct cost to the member (up to the age of 80 years). T’s&C’s apply.

Saving with us at Blackrock Credit Union is one of the best choices you can makeWhether you are saving for something in particular, have a lump sum to put away, or just want to build an ‘emergency fund’ to give yourself a little peace of mind, we can help. We’ll put together a savings plan that’s easily managed and that works for you.

Why save with us?

There are many reasons to save with Blackrock Credit Union; save with us and rest assured your savings are safe and sound.

If a dividend is declared at the end of the fi nancial year, each share you hold for that year is eligible for a dividend. The more shares you hold, the greater dividend you receive.

Unlike other fi nancial institutions, there are no transaction charges on savings (or loans) accounts.

With us, you are not just a customer; you are an active member of a community organisation and local fi nancial cooperative.

You can rest assured that your savings are safe and secure, earning a good dividend and helping the community.

Members enjoy equal rights to vote and participate in decisions aff ecting the credit union.

You have easy access to your savings and become eligible to borrow money with rates as low as 6% on off er for secured loans.

Life Insurance is provided on share balances subject to T’s&C’s. More information can be found on our website, www.blackrockcu.ie

Deposit Guarantee Scheme

Savings at Blackrock Credit Union are covered by the Deposit Guarantee Scheme. The Central Bank of Ireland is responsible for administering the Irish Deposit Guarantee Scheme which provides protection to depositors in the event of a credit institution failing.

*DIRT of 37% may apply in certain circumstances on Deposit Interest dividends paid.

A credit union is a group of people who save together and lend to each other at a fair and reasonable rate of interest.

Credit unions offer members the chance to have control over their own finances by making their own savings work for them. Every credit union is owned by the members — the people who save and borrow with it — people like you.

When you become a member and start saving with Blackrock Credit Union you will have access to fair and reasonable rates on savings and loans. Your savings contribute to the credit union’s loan fund. So your savings are helping other members. Members like you.

A credit union exists only to serve its members — not to profit from their needs. Surplus income generated is returned to the members by way of a dividend an/or is directed to improved or additional services required by the members.

A Nomination is a legally binding, written instruction that tells the credit union what to do with your money after your death.

The Member completes a Nomination Form, which allows the member (nominator) to nominate a person/persons (nominees) to become entitled to any properties in the credit union to the value of €23,000 in the event of death.

The Nomination service is very valuable to members in that it allows access to nominated funds by the nominee within a very short period of the death of the member. While it will not relieve the loss suffered by the nominee, it serves to relieve potential cash-flow difficulties.

*Please see the website for more information regarding Nominations

The credit union movement began in Germany in 1847. There are over 68,800 credit unions across the globe serving 235 million members in 109 different countries.

Credit unions were introduced to Ireland in 1958. Pioneers introducing the mutual self-help philosophy in credit unions couldn’t have foreseen that today there are over 400 active credit unions in the Republic of Ireland.

Over 3.6 million people in Ireland are a member of a credit union in Ireland and, collectively, have close on €13.6 billion in savings. More than 3,500 people are employed by credit unions in Ireland and a further 9,200 people actively volunteer in their community’s credit union.

What is a credit union? Nominations History of the credit union movement

Blackrock Credit Union was founded in 1970 with 12 members in a premises on Temple Road.

Who runs the Credit Union

MEMBERSMembers own and run the credit union and elect a Board of Directors. To be nominated to run for the Board of directors, members apply to

the Nomination Committee, who review all applicants.

BOARD OF DIRECTORS

The Board of Directors is responsible for the strategic

direction and governance of the credit union. The Board work

solely on a voluntary basis and are not paid for their duties.

GENERAL MANAGER & STAFF

The General Manager is responsible for all operational matters and the daily running

of the credit union. In Blackrock Credit Union the GM is assisted in his duties by our dedicated

and friendly staff.

BOARD OVERSIGHT COMMITTEE

The Board Oversight Committee is responsible for monitoring the Boards activities ensuring they

follow the regulations laid down by the Central Bank of Ireland.

INTERNAL AUDITORThe internal Auditor is appointed

by the Board to provide independent internal oversight and to evaluate and improve the effectiveness of the credit

union’s risk management, internal controls and governance

processes.

AUDITORMembers elect an independent external Auditor at the AGM to

verify and certify that the books, deeds, documents and accounts

of the credit union are correct and in accordance with the law.

COMMITTEESCommittees are set up by the Board of Directors to

ensure that all aspects of the credit union operations are

overseen.

www.blackrockcu.ie

OPENING HOURS

Monday 10 am — 4 pmTuesday 10 am — 2 pmWednesday ClosedThursday 10 am — 6 pmFriday 10 am — 4 pmSaturday 10 am — 12 noon

BLACKROCK CREDIT UNION LIMITED

1 Carysfort Avenue, Blackrock, Co. Dublin

T 01 283 1034

F 01 278 1068

E info@blackrockcu.ie

68,800Credit unions worldwide in

109 countries, serving 235m people

3.6mIRISH

MEMBERS

Ireland has one of the highest number of credit union

members per capita

Credit unions affiliated to the Irish League of Credit Unions have:

€16.2 billion TOTAL ASSETS

€13.6bn SAVINGS

€4.4bn LOANS

YOUR MONEY STAYS IN YOUR COMMUNITYThe money saved within your local credit union is used to fund loans to other credit worthy members. The interest charged on these loans is the largest source of income for credit unions and goes to fund both the operation of the credit union and indeed, the return on savings (in the form of dividends) to savers.

IRISH LEAGUE OF CREDIT UNIONS

Facts & Figures