Encouraging children to manage and save money is one of the most important they can learn. That’s why we’ve introduced our Junior Savers Sticker Card.
The Junior Savers Sticker Card is aimed primary school children, allowing them to track their saving journey.
The Card will be made available for young members and their parents to collect in Carrickmacross Credit Union from September 20th. Each time a young member saves money in their local credit union, they will receive a sticker on their card.
When they member complete the card, (when they have saved four times) they will be entered into a draw to win €100
How can I use my Junior Savers Sticker Card?
To use the Junior Savers Sticker Card, your child must be a member of the credit union. Each time they save their money in the credit union, they will receive a sticker on their card.
The card is available to collect in the credit union office. If your child is not a credit union member, you can simply open an account for them first.
Carrickmacross Credit Union Limited is registered for SEPA payments only.
If as a member you wish to transfer funds into your account, then the payment should be made as a SEPA payment only. If you are aware that a third party is making a payment into your account, it is advisable that they tell their financial institution that the payment should be made via SEPA. If a payment is sent in any other way, for example by SWIFT, the payment will be rejected by our processing Bank and the Payer may incur a rejection charge that he/she may be liable for.
What is a SEPA payment?
SEPA stands for Single Euro Payments Area. A SEPA payment is sent through the SEPA Scheme. The SEPA payment scheme was created to simplify euro transfers between EU member states.
The SEPA scheme consists of the 27 EU Member States plus Iceland, Norway, Liechtenstein, Switzerland, Monaco, the United Kingdom and San Marino.
To make a SEPA payment you need:
- The IBAN of the person you want to pay
- The bank to which you are sending the payment to be a member of the SEPA scheme
- The payment to be in euro
Please note: Carrickmacross Credit Union Limited is unable to accept SWIFT payments. You may incur charges if you attempt to send money to your account in Carrickmacross Credit Union Limited via SWIFT.
Due to the public health measures currently in place to combat Covid-19, it is not possible for Carrickmacross Credit Union Ltd. to hold our Annual General Meeting (AGM) as usual in December. Currently, there is no legislation in place to provide other options to our traditional AGM.
Aware of the difficulties facing Credit Unions, the Government announced that drafting has begun on the General Scheme of a Credit Union Bill to amend the Credit Union Act 1997 (as amended). The proposed bill will facilitate alternative methods of holding AGM’s and provide for other forms of voting. It also allows for a temporary period for credit unions to delay hosting AGMs related to the financial year end September 2020 until April 2021. The passage of the Bill through the Oireachtas is prioritized and it is hoped that it will be enacted before the end of 2020.
Therefore, the Board of Directors have taken the decision to defer our AGM until the New Year. Health guidelines at that point will determine how we will host this meeting.
We apologise for the inconvenience caused but assure you that the health and safety of members, volunteers, and staff is and will continue to be our priority.
We will keep you informed and will share further details of our AGM as soon as they are known. I thank you for your patience in these challenging times. Please remember we are always here to help.
Keep safe and well.
Chairman, Carrickmacross Credit Union Ltd.
You can now access your Carrickmacross Credit Union account from your iPhone or Android smartphone using our new improved Mobile Banking App.
Features and Benefits:
- Log in using fingerprint or facial recognition
- Make loan applications
- Access your accounts from anywhere 24/7
- Fast and secure access to your account
- Pay bills at a time convenient to you
- Transfer funds to different accounts
- Use your Debit Card to make Loan Repayments
- View all your account balances
- Scroll quickly through your transaction history
HOW DO YOU DOWNLOAD THE APP?
- Download the Carrickmacross Credit Union Mobile App
Download the Mobile App to your mobile device. The App is available for free from Google Play Store and Apple App Store. To download the Mobile Banking App click on the links below:
- Register (skip to step 3 if already registered for cuonline)
Open the app, click login – then click register. Complete the registration form – you will be required to create a username and password. Once registration is confirmed by the credit union you will receive a PIN number by SMS.
- Login and Enjoy
Open the app, click on login, and enter the required login credentials. You will be asked to generate a one-time passcode which will be sent to your mobile device, you will be given the option of enabling biometric login. Sit back and enjoy all the features of our new mobile app.
PLEASE NOTE IF YOU HAVE PREVIOUSLY DOWNLOADED OUR CU ANYWHERE APP YOU MUST UNINSTALL THIS AND INSTALL THE NEW CARRICKMACROSS CREDIT UNION MOBILE APP.
Junior Savers Week runs from the 5th – 11th October 2020
Carrickmacross Credit Union Ltd. is encouraging children to start saving with their local credit union! The credit union launches its ‘Junior Savers Week’ next week (October 5th – 11th) which aims to encourage the importance of saving for the future.
Research shows that how we behave around money as adults is learned early on from our parents. Implementing good money habits for children early on helps them understand the importance of financial responsibility. So it is never too early for children to start learning prudent financial behaviour!
Bobbi, our new Junior Saver character will be helping us to share her story about saving during the week, and will be giving some great advice along the way!
Speaking about the Junior Savers Week initiative, Marian McEnaney, CEO Carrickmacross Credit Union Ltd. said: “A huge part of our ethos at Carrickmacross Credit Union Ltd. is financial education for everyone in our community. We want to ensure that our future generations are financially educated and empowered. Teaching children the value of money is a real benefit to them in the future and habits learned from an early age last a lifetime. We want to encourage the development of a regular savings habit during Junior Savers Week and want to encourage all children to join us here at the credit union and open their very first savings account!”
During Junior Savers Week, Carrickmacross Credit Union Ltd. will have dedicated desk and some goodie bags for younger savers, while staff will be on-hand with helpful tips and guidance for parents on financial education. Junior Savers Week is designed to be fun and enjoyable for children, while also highlighting the value of money and the benefits of prudent spending.
Marian continued: “Opening up a credit union account for children is a simple process and we will be welcoming all new junior saver members throughout the week to enjoy the fun and activity and pick up some great tips with help from Bobbi. For children, saving money in a credit union is a real benefit and also teaches them the value of credit unions which are run by the community, for the community. Our junior savers are the future, and we will always be there for them in the future, for whatever financial assistance they might need, be it college, a new car, a holiday or their wedding day.”
Carrickmacross Credit Union Ltd. has also put together some of their top tips for teaching children how to develop a healthy and responsible attitude to money.
- Consider rewarding children for regular saving. Don’t focus on the amount saved, but the fact that they are developing a savings habit. Supporting and rewarding them to save even very small amounts on a regular basis will help to imbed the habit.
- Help decide on a savings goal. They will find it much easier to save regularly when they are saving towards something they really want.
- Dissuade young people from spending their savings on impulse. Remind them of their savings goal and what they originally wanted to save for. Share with them a story of something that you would have saved for when you were younger.
- Help develop a savings plan, or to highlight when their goal will be achieved. Having a visual prop or a visual ‘countdown’ can also encourage them to stick to their target.
- Give pocket money or allowances in small denominations and encourage them to put a little aside. Giving them a transparent piggy bank or jar so they can watch their money physically increase, is also a good idea.
- Consider linking pocket money and allowances to chores or responsibilities in the home. This helps to embed the idea that money must be earned. The more effort required to earn their money, the less likely they will be to spend on impulse or all at once.
- If pocket money and allowances run out at an early stage, don’t rush to replace them. Providing additional money at the drop of a hat will defeat the purpose of giving a set allowance.
- Why not get them to open their own account in Carrickmacross Credit Union Ltd. This will give them a sense of independence and responsibility.
For further information, please contact Kate Crowe at Carrickmacross Credit Union Ltd. on email@example.com
Back to school costs continue to rise for parents and over a quarter (27%) of Irish parents are getting into debt to cover the costs of back to school. The average debt for parents to cover the costs of back to school has increased by €40 from €357 last year to €397 this year.
The findings were revealed in a new national survey by the Irish League of Credit Unions on back to school costs. The overall spend on school items in primary school is €1,123 and the spend on secondary schools is €1,467.
Marian McEnaney, CEO Carrickmacross Credit Union said the credit union is aware that covering the costs of back to school can be a big of the struggle for parents “We want to reassure parents in our community that the Credit Union is here to help, for anyone who needs help, be it with budgeting for the back-to-school spend, or taking out a loan to help cover the costs. We understand that these costs can be financial burden.”
“Our message to our members would be to come and talk to us in the credit union. If for example a parent opted to take a Carrickmacross Credit Union Back to School loan, the APR rate would be 10%*. Our loan is typically approved within 24 hours and there are no hidden transaction fees or charges. As always, we are happy to work with parents to structure repayments in a way that suits their individual circumstances. We are more than happy to assist anyone who might need a little extra financial assistance at back to school time.”
“We endeavour to meet parents financial needs and are here to lend a helping hand to cover the costs of back to school.” said Marian.
* For a €1,000, 1 year fixed interest rate loan with 12 monthly repayments of €87.92, an interest rate of 10%, a representative APR of 10.51%, the total amount payable by the member is €1,054.99. Information correct as at 13/08/2020.
Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
Carrickmacross Credit Union Ltd. is regulated by the Central Bank of Ireland.
It almost feels like we blinked and all of a sudden we we’re expected to become, teachers, referees, principals, chef’s, and entertainers all in one night. Along with trying to be a parent and juggling your day job, the stress levels are rising.
Let’s begin by first of all saying, Rome wasn’t built in a day, mastering all tasks won’t happen overnight. The stress of keeping all the balls bouncing will get to everyone! But how do you avoid feeling like you’re turning into Ms. Trunchbull?
The Irish League of Credit Unions spoke to a teacher, who has listened to the feedback from parents in her class and adapted the work she sends to the kids. This ensures there is no unnecessary stress for all involved. Parents and children aren’t expected to follow any formal regime for getting the work done. But this teacher has given us some handy tips that will keep the questions to a minimum, allowing you to get your own work done.
Above all, be kind to yourself. You are not a teacher, and we are all in unchartered waters right now. Some children will need the routine and structure of a school day, others will not. Some children will enjoy the learning and work sent home, others would rather be outside, or playing.
It is important for parents to be prepared for the next day’s lessons. Setting out a timetable of what order the work is happening and how long you are spending on each subject will keep everyone focused. It is important to split the timings into slots of concentration rather than getting the work done all in one go! If you feel like you will get 40 minutes concentration for one piece of work put that down on the schedule. If kids are older, you may want to extend this time slot to 50 minutes. Work with what you have, there’s no one size fits all!
Tips for subjects
If you’re finding it hard to wonder how teachers do it, it’s because they have resources! Home-schooling is more than likely just using a book or an online tool. When a lesson takes place in the classroom, practical examples are put into place. This teacher has given us some helpful tips to get creative to help with learning.
The dreaded subject for many. The memories of our own days in school, grasping the methods for adding, subtracting, multiplying and dividing would be enough to turn anyone off for life. Maths is difficult, and explaining it may be even harder.
Using resources from around the house can be a useful tool in helping younger kids especially to practice counting or adding and subtracting. Household items like a deck of cards, dominos, dried pasta and straws are all perfect resources for your home class room. Plus, that box full of lego can really be put to use.
For older children, it’s important that we teach them life skills that translate into what they are learning in the classroom. Including them in dinner or baking preparations will allow them to use their maths skills to measure ingredients and add or subtract to make portion sizes fit for all the family at meal times.
Another valuable exercise is to allow older children to help you price an online supermarket shop. This doesn’t mean you are necessarily ordering your shopping online but by giving them a list of things, asking them to price the shop and give you a total at the end allows for classroom learning to take on a real life situation.
There are some excellent online resources that are being offered for free at the moment – I’ve signed my own children up to Carol Vorderman’s ‘The Maths Factor’ (For ages 4-12). It’s topic based, designed by age, with videos for each topic and a short practice assignment with each session. There’s also a games section, which is very popular in our house, again age-appropriate options. Sign up here
Science, Technology, Engineering & Maths – STEM. Now you may be reading this thinking, no way am I participating in any science experience in my house! Science experiments can bring the fun to home schooling. Visuals are always a great asset to have in any classroom, they enhance the learning experience and bring excitement to learning. As STEM subjects become more and more important in schooling life, here are some easy home experiments for any budding Einstein’s!
Building jelly bean structures:
You’ll need toothpicks and jelly beans/marshmallows. The object of this experience is to build a structure that’s stands tall on its own using only two materials. Build whatever you want – but make sure it stands up on its own!
Orange – sink or swim?
What you will need for this is an orange and a clear bowl or vase filled with water. First place the orange with all its skin in tact, in the water and observe that it floats. Next, take the orange out and peel the skin off. Place the peeled orange back in the water and what happens? It sinks of course! This is aimed at younger children and a good way to describe why this happens, is by saying the first orange had its armbands on and so was able to float. The second orange took its arm bands of and so it sank.
Make your own lava lamp:
What you will need for this is a clear plastic or class bottle, some oil and food colouring. Fill the bottle with water. Add some oil and some food colouring and watch your lava lamp come to life!
For some more great science experiments, visit Science Foundation Ireland.
History & Geography
A valuable exercise to teach children about both history and geography, is to set children a task of creating a project on the holiday destination they would love to go on when this is all over. This is an exercise that can be tailored to any age. For older children, they must first find out the history of the destination. Then some facts about the landscape, how they would get there, what they would bring with them and finally, what they could get up to when they are there. For younger children, drawing pictures of the place (or places!) they want to visit when this is over, can be their own little project. Why not get them to present it to the rest of the family when finished, you never know, it might be your next holiday planned!
You may find that your children are finishing their work in record time, leaving you little or no time to get stuck into your own work. Or, if you’ve more than one child at home, you can be sure that one will fly through the work and the other will drag their heels. A golden ticket of advice is to have early finisher exercises ready to go. These may include, colouring a picture, practicing spellings, practicing writing by writing a letter to their friends or family they can’t see at the moment or indeed, checking out RTÉ’s Homeschool. Another gem is Joe Wicks PE class every morning at 9am. A must do in your daily timetable.
With so many of our members staying at home due to Covid-19, we’d love to hear how you are coping in isolation? Whether you’re working from home, home schooling, or venturing out for your daily stroll, we want to see your snaps.
There is so much beauty to be found in our everyday lives, in our homes and in our community, so we want our members to get creative and capture some of this everyday beauty.
To be in with a chance of winning €200, post your picture on Facebook or Instagram, tag us and use the hashtag #ccuphotocomp
In light of these very difficult and unprecedented times, we acknowledge that COVID-19 is causing concern and disruption to some of our membership.
For members who do not wish to present at our counters Carrickmacross Credit Union can take loan repayments over the phone using debit card, we also offer fast-lodge service that can be accessed at the front of our building eliminating the requirement to enter our premises, we would encourage any member in a position to use these services to do so.
Should a member be facing financial difficulties due to a change in circumstances and are concerned about loan arrears, please contact our office immediately on 042-9661937 and speak to a member of staff who will ensure that our Credit Control Officer will contact them in a timely manner to discuss their account in detail and help to resolve their concerns.