Meet the team at Cavan Credit Union: Back (from left) Louise Fitzpatrick, Leanne Fitzpatrick, Caroline Brady, Evelyn Gray, Ruth Hewitt, Caroline Sexton and Jennifer Conaty; front, Niamh Gilfoyle, Mark Hayes, Simone Crossan, Therese Conway, Chief Executive; Danielle Quigley and Julie Galligan.PHOTOS: SEAN MCMAHON

Credit Union ready for busy Christmas

Preparations for the festive season are commencing and Cavan Credit Union are making their customers festive wishes come true this Christmas. No matter how you celebrate this time of the year, be it something small or with all the trimmings, Cavan Credit union offer flexible loans from a lender who cares.

CEO, Therese Conway, spoke of what Cavan Credit Union are doing for customers: “We are gearing up for a busy December and Christmas period here at Cavan Credit Union and an even busier January,” Therese told the Celt.

Cavan Credit Union have some special deals for customers: “We are repeating the success we have had in previous years with our January Loan Sale, so this January we will again be reducing the rate of our large loans for a limited period. The special rate has previously proven attractive at a very competitive 7.9% (8.19% APR). This means that a loan of €20,000 over five years at 7.9% (8.19% APR) cost €404.59 per month and the total cost of credit paid is €4,273.61."

People can contact us the credit union on 049-4331715 or go online to the loan calculator on the website - - to find out the cost of different amounts over different terms.

"Also we are happy to advise, that members who can’t make it in to the credit union, can now do the whole process from applying for the loan, to drawing it down online, through our website or our CUmobile App,” the local CU CEO told the Celt.

Therese advised prospective applicants not to wait: “We would also encourage members to contact us now, as you can make your application anytime from now on and have approval and be ready to draw down immediately in January, whether it’s for that new car or a project at home. Approval lasts for three months, so you can plan ahead!”

The offer has many advantages: “The great value large loan also has all the benefits of a Credit Union loan, such as flexibility on payment and no penalties for early repayment. Also, one query we are frequently asked is whether the credit union benefit of having your loan insured in the event of your death, at no extra cost, extends to the large loans? The great news is that it does.

“There are some age caveats at over 70 years, and general health requirements, however it is a wide-ranging insurance benefit, which we will happily go through on an individual basis with anyone enquiring. The insurance on loans gives people great peace of mind, that they will not be leaving loved ones with a large loan balance to be repaid. This is a great comfort to our members,” the CEO explained.

Therese concluded by wishing all Cavan Credit Union customers the best of Christmas wishes.