What is a credit union?
A financial co-operative, owned and controlled by its members, for its members.
Why do credit unions exist?
To service the financial needs of their community, on a not-for-profit basis, and to retain members' savings in their community for the benefit of all the members.
Who owns a credit union?
The members own the credit union.
How can I join Athenry credit union?
Joining the credit union is easy. Once you live or work within a ten mile radius of Athenry (you share the common bond), all you do is bring along photo ID and proof of address (for example a bank statement or utility bill). Once accepted pay a small entrance fee of 63 cent, and start saving by purchasing a share in the credit union (€1). After this you should continue saving regularly - even small amounts, which will give you the habit of thrift, and add to the savings pool.
Can school children join the credit union?
Yes! Athenry credit union, recognises that it is never too early to encourage children to get used to the idea of saving regularly and you are never too young to have an account.
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. For Athenry credit union, the common bond is that members must live or work within 10 miles of Athenry.
Who runs a credit union?
A voluntary board of directors, elected by the members at a general meeting, runs the credit union.
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 does it cost to be a member?
The membership fee is 63 cent | 
05 September 2010
