Volume 6| Issue 4

November 2023

Not Just a Credit Union, Your Credit Union 

The Credit Union for employees and retirees of South Dublin | Fingal | Dun Laoghaire-Rathdown County Councils and their family members 

Reduced rate loans now available 

New secured loan 3.83% (3.90% APR) 

Instead of dipping into your hard-earned savings, you can now choose to take out a secured loan at a reduced rate of 3.83% (3.90% APR).

Benefits of a secured loan:

1. The lowest rate loan with flexible repayment terms that suit you.
2. Your hard-earned savings remain intact and will be available as the loan balance reduces.
3. The loan can be available to draw down within minutes.
4. Free life savings and loan protection insurance (t&cs apply)
5. Secured loans are a great way to build a credit record.

Why Take Out A Secured Loan?

If you have gone to the effort of building up savings over time, why dip into them the first time you need some money? While it may be tempting to withdraw your savings, it’s not always the right thing to do. We all know how difficult it is to build up our savings. By taking out a Secured Loan, not only do members benefit from a lower interest rate compared to a regular loan, but they also get to keep their savings and benefit from the Life Savings Insurance they have accrued with their savings.

 

Life Savings & Loan Protection Insurance 

One of the great benefits of being a member of Black Raven Credit Union is FREE Life Savings and Loan Protection Insurance. This cover is provided to all eligible members who have a minimum share balance of €10 in their account. It is an additional incentive to save regularly and maintain savings with Black Raven Credit Union. It means your dependents will receive a financial sum in the event of your death.

Over 70 additional savings do not qualify for life savings protection insurance. 

FREE Loan Protection Insurance means that should a member with an outstanding loan balance pass away, the loan is repaid in full up to the age of 85. Subject to terms and conditions. This means that you can borrow from us having the peace of mind that your dependents will not be obliged to repay the outstanding loan balance.

If you are thinking about withdrawing your shares, why not take a look at our new secured shares loan instead. 

Winners Corner 

Black Raven Credit Union Limited is regulated by the Central Bank of Ireland

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