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Top News In Nenagh Credit Union Today - Breaking & Trending Today

Leading credit union 'offering cheapest loans in the country' after rate cuts

A leading credit union has cut the interest rates on the loans it issues in a move that means its lending rates are far lower than banks and other loan providers. ....

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Change in opening hours at Nenagh Credit Union

Change to opening hours and new products on offer ....

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Significant increase in savings sees cap put in place at Nenagh Credit Union

Tipp FM
A savings cap is to be introduced for members of Nenagh Credit Union from April 1st.
Due to the costs associated with a significant increase in savings, the Credit Union has joined many others in putting a cap of €20,000 on member accounts, but this won’t affect members who already have savings above that threshold.
Savings increased by 13 percent or €7.2 million at Nenagh Credit Union last year, while its loan book also increased by nine percent.
CEO Pat Naughton says the savings cap was a difficult decision that they had to take.
“We made the decision to apply the cap retrospectively – basically what that means is that any members that have more than €20,000 with us at the moment can retain that €20,000 or more in the Credit Union but they won’t be able to add to those savings. But they won’t have to withdraw those savings to reduce the balance to €20,000.” ....

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