Giving your child the savings habit is one of the most important gifts you can ever pass on to the next generation. It’s a habit that can keep on giving for the rest of their lives.

Help them become a member today!

Our youngest members are among the most important here at Credit Union Plus, as they’ll be the savers and borrowers of tomorrow, allowing us to continue playing our part in the financial and social life of our community. Children of any age can become a member, subject to approval by their parents or guardians, so why not introduce your children to the savings habit today? You’ll be developing a discipline that will stand them in good stead for the rest of their lives.

Savings Tips for young Members

  • Set a savings GOAL!
    • This could be a short term goal, something which you can save up to buy in a few weeks or it might be something bigger which will take a long time to save for. It is easier to save when you know what you’re saving for.
  • If you get pocket money or gifts of money, save a little each time. You’ll be surprised how quickly your savings will grow.
  • Save Regularly
    • It is important to save regularly, maybe even every week, no matter how small the amount. This helps to develop a good savings habit.

 

Tips for parents / guardians to help children save:

  • Consider rewarding children for regular saving. The amount saved isn’t that important; rather it is the savings habit which it is most important to nurture. Helping children to save small amounts on a regular basis helps to imbed the habit.
  • Encourage children not to buy on impulse but to take time to consider their decision
  • Help children to identify savings goals – both short term and long term. In many cases, the concept of saving only becomes real when the child can see the rewards at the end.
  • Develop a savings plan or calendar to highlight when the goal will be achieved.
  • Give pocket money in small denominations to encourage children to put a little aside.
  • Consider linking pocket money to chores. This helps to embed the idea that money must be earned. The more effort required by the child to earn pocket money, the less likely s/he will be to squander it.
  • If pocket money runs out at an early stage, don’t rush to replace it. Providing additional money at the drop of a hat will defeat the purpose of providing a set allowance to the child and hinder their learning to manage money for themselves.
  • Give children a piggy bank or better still, bring them down to the local credit union to become a member and save regularly

 

New Account opening for members aged under 18:

  • Members Birth Cert/legal guardianship must be provided along with
  • One form of Identification from the above list for the parent/guardian and
  • One Proof of address from the above list for the parent/guardian
    Note: Inbranch only, and parent/guardian must be present.

 

  • Alternative Option New Account opening for members aged between 16& 17 ONLY*
  • * Online applications will be accepted from age 16 upwards, however if member is unable to provide own
    ID/PoA as per guidelines above, they will be contacted to arrange an appointment to open a/c inbranch.

 

Inbranch applications

  • One form of Identification from the above list for the member and
  • One proof of address from the above list for the member OR the parent/guardian accompanied by the members Birth Cert/legal guardianship
  • Note: Parent/guardian must be present.

Any exceptions to the above are at the discretion of the Credit Union.

Please note that you will need to make an appointment to open a new account in the Navan office. This can be done by phone or by emailing info@creditunionplus.ie

If you live outside of our common bond but are employed within our common bond you will still qualify for membership. You will need to provide evidence of your employment (e.g. letter from employer-confirming address of employment), in addition to the above items.

Likewise, if you are in education in our common bond, once you can supply a evidence confirming your place of education you will qualify for membership.

You will also be required to lodge €10.00 into your new account to activate membership.

Our staff would be happy to advise you of all services available to you as a member of Credit Union Plus.

Once you are a member, it is in your interest to begin saving regularly – even small amounts, which will both give you the habit of saving and add to the savings pool. So what are you waiting for, call in to us today to open your Credit Union account.

How do I save?

There are many ways you can save money into your  Credit Union account.

  • Online from your bank or building society account.
    • Your Credit Union Plus account can now accept payments from anywhere in Europe which means you can use your Bank or Building Society online banking facilities to pay money into your account.
  • Electronic Fund Transfer (EFTs):
    • This payment service allows you to send money into your Credit Union account and send money out of your Credit Union account by means of electronic funds transfer. This convenient service allows you to manage your finances directly from your Credit Union account. Click here to find out more
  • Salary / Wages paid directly into your Credit Union account
    • Your Credit Union account can now accept Wages / Salary payments directly from your employer.
  • Salary Deduction
    • A number of local businesses allow their employees deduct part of their salary / wages directly from their payroll and transfer the money into the Credit Union. Check with your employer if they already offer this and if they are not currently in the scheme we would be delighted to introduce them to it.
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