3% rise as €11.6 million in loans given by New Ross Credit Union
New Ross Credit Union has provided €11.6 million in loans to the local community in the past 12 months, a three per cent increase on the previous year.
New Ross Credit Union has been lending within the local New Ross community for decades and offers competitive loan rates to members. As well as offering a standard loan rate of 10.5 per cent variable (APR 11.06 per cent), New Ross Credit Union offers specialised rates for car loans, holiday loans, education/student loans, Christmas etc. In the past year, New Ross Credit Union has issued new loans to the value of €11.6 million.
In the previous 12 months (September 2013 - September 2014) New Ross Credit Union paid out €11.3 million in loans, so the last 12 months saw an increase of 3 per cent. The credit union has around 20,000 members.
New Ross Credit Union Manager Peter Walsh said: 'A loan from New Ross Credit Union is a much better and more sensible option than borrowing from high interest rate pay-day loan companies and moneylenders and we would certainly urge you to come and talk to us first before you approach one of these companies. The two most important things about a loan are, being able to borrow the money and being able to repay it.'