Tel: 01 4974003 Fax: 01 4977313 Email:

25 November 2015

Harold’s Cross Credit Union Common Bond

Adrian Ave (off Clareville Rd); Aideen Place; Aideen Drive; Airfield; Alexandra Tce; Arbutus Ave; Ashdale Park; Ashdale Ave; Ashdale Gardens; Ashdale Road; Brighton Ave; Brighton Gardens; Brighton Road; Brighton Square; Coulson Ave; Casimir Ave; Casimir Rd; Cherry Court; Corrib Road; Darley St; Derravaragh Rd; Emmet St; Effra Rd; Fitzgerald St; Ferrard Rd; Gandon Close; Cherry Court; Garville Ave Upr; Greenmount Lane; Greenmount Ave; Greenmount Tce; Grosvenor Square; Grosvenor Rd; Grosvenor Place; Hannaville Park; Harold’s Cross Road; Harrison Row; Hazelbrook Drive; Hazelbrook Road; Heatfield Road; Kenilworth Park; Kenilworth Road; Kenilworth Square North; Kimmage Grove; La Vere Terrace; Cedar Grove; Larkfield Avenue; Larkfield Gardens; Larkfield Grove; Leinster Road; Larkfield Place; Leinster Place; Leinster Road West; Lr Kimmage Rd (even numbers only); Mount Tallant Ave; Mayfield Rd; McMorrow Square; Melvin Rd; Mount Argus Ave; Mount Argus Green; Mount Argus Grove; Mount Argus Park; Mount Argus Road; Mount Argus Terrace; Mount Argus View; Mount Argus Way; Mt Drummond Avenue; Mt Drummond Square; Neagh Road; Parkview Court; Parkview Avenue; Parnell Avenue; Parnell Rd; Priory Rd; Robert Emmet Building; Rathgar Ave; Riversdale Gardens; Shamrock Villas; Shanid Rd; Sion Hill Ave; St Enda’s Rd; St Martin’s Ave; St Martin’s Drive; Terenure Park; Terenure Place; Terenure Road East; The Cloisters; The Laurels; Tivoli Ave; Tivoli Rd; Tower Ave; Tramway Villas; Wheaton Place; Wilfrid Road; Wilfrid Tce; Westfield Rd; Whitton Rd.

All you need to open your account are:

1. Photo ID;

2. Proof of PPS number;

3. A recent utility bill (not more than 3 months old) that shows your address;

4. €1 joining fee and

5. Minimum lodgment of €13 as shares (shares are equivalent of savings and give you voting rights in the credit union, as well as the opportunity to earn dividends).

Under 16s can join with just €5, no joining fee, proof of PPN and birth cert as proof of ID.

Please allow up to 30 minutes to open your account. Thank you for your patience.

Family Fun Day at Harold’s Cross Credit Union - Saturday May 9th 2015

Harold's Cross Festival rocks Dublin 6W from May 8 - 10, 2015, culminating in Family Fun Day in the park on Sunday, May 10. Harold's Cross Credit Union is delighted to once again support the festival through overall sponsorship, funding the performance by Clareville Baton Twirlers on Sunday and our Family Fun Day on Saturday.

Call in to the credit union office from 10.30am - 12.30pm for lots of fun and games. We'll have special prizes for all kids who open their junior savers account with us on the day. See you then!

Find out more here:

Join our Board Oversight Committee!

Make New Friends, Gain New Skills, Help Your Community

Harold's Cross Credit Union has an urgent requirement for new volunteers to join our Board Oversight Committee. This role requires attendance at monthly board meetings to ensure compliance with relevant legislation and to ensure that the board operates in the best interests of our members.

This role offers excellent opportunities for training and skills development in a progressive financial institution. It would suit anybody who has good skills in taking records, reviewing regulations and communicating with stakeholders at all levels of an organisation. If you'd like to find out more, please message us, email or call the credit union at 01 497 4003. If you know of anybody else who might be interested, please let them know about this opportunity. Thanks!

Some more detail about the Board Oversight Committee and the credit union structure:

The new governance requirements for credit unions enforce the separation between the governance or non-executive and operational or executive roles in a credit union. Operational / executive roles are distinctly performed by the manager, the management team, and staff. The intent is that there be no ‘blurred lines’ between the governance and operational roles.

The governance responsibility rests with the board of directors. Replacing the old supervisory structure, the oversight committee is a totally independent body established to monitor the regulatory performance of the board. The oversight committee must ensure that the board of directors operates in accordance with all of the required regulations.

We Need Volunteers!

Thanks so much to all the members who attended our AGM on Thursday, January 22, 2015. It was a very constructive and positive meeting. There was plenty of useful discussion about the challenges facing Harold's Cross Credit Union as well as the opportunities open to us as we meet the changing financial needs of our members.

We had great interest in volunteering, but we still need more volunteers. Can you spare a few hours a month? We need people during opening hours to help out with the credit union's day-to-day activities and in the evenings to join the Board of Directors or Board Oversight Committee. If you have skills in finance, marketing, computers, project management or anything relevant to the operation of the credit union, we need you! We have great opportunities for skills development, training, networking, CV enhancement and making new friends. Just get in touch (through Facebook or by email to or drop into the office. Thanks!

And if you have two minutes to spare, please complete our online survey and share your ideas on how we can better meet your needs.

AGM Notice

All members are invited to attend the Annual General Meeting of Harold's Cross and District Credit Union, on Thursday January 22, 2015, at 8pm. The AGM will be held in the new centre at the Church of Our Lady of the Rosary, across the road from the credit union office. Light refreshments will be served and there will be a prize draw for attending members.

See you on the 22nd!

AGM Notice

Currently being updated

New Article


The Credit Union will be closed from 4.00pm Tuesday 23rd December, 2014

until 10.30am on Friday 2nd January 2015

Merry Christmas and a Happy New Year to all our members



Due to the size of the proposed rule amendments, for approval at the AGM, it is not possible to send them in the AGM booklet. 

Harold’s Cross Credit Union has decided to make the amendments, which are being proposed,  available on our website for identification by our member.

ClickDownload Complete Amendment Standard Rules 2014 (788.3kb)

ClickDownload Standard rules of a credit union (1230.4kb)


Please Complete Our Credit Card Debt Survey

At Harold's Cross Credit Union, we're always looking for new ways to help our members effectively manage their finances. We're currently assessing the viability of a special loan product that would help our members pay off their credit card debt quickly, with a credit union loan at much better terms.

By completing our brief survey (link below), you will help us to develop the most beneficial solution. Your input is completely anonymous, so please be honest. Thank you!

Important Notice - DIRT Tax


Important Notice


From 1st January 2014, Deposit Interest Retention Tax (DIRT) must be deducted from all dividend or interest paid to credit union members. This brings credit unions into line with other financial institutions.

Members who can be exempt from DIRT are those who:

• Are aged over 65 (or whose spouse or civil partner is aged over 65),


• Whose total income is below the relevant limit (currently €18,000 for a single person or €36,000 for a married couple or a couple in a civil partnership).

In certain circumstances, members who are permanently incapacitated may also be entitled to an exemption from DIRT.

To avail of this exemption, you must complete a self-declaration form. Please contact a member of staff for more information.

Credit unions in the Republic of Ireland are regulated by the Central Bank of Ireland.

Happy International Credit Union Day!

This year’s theme, Local Service, Global Good emphasises credit unions positive impact in their communities and around the world. It also speaks to the powerful global network of 57,000 credit unions, with nearly 208 million members in 103 countries worldwide and the advantages that result from sharing challenges, experiences and solutions with one another to better serve members.

For over 50 years credit unions have been trusted to meet the financial, economic and social needs in communities across Ireland. They are central to the everyday lives of millions of members. Credit unions remain popular and continue to succeed because we have stayed true to our values and ethos. While the future will bring opportunities for growth and innovation, we will be at the heart of communities, serving members’ best interests.

On Thursday, October 16th, credit unions around the world will join to celebrate International Credit Union Day® and the role that financial cooperatives play in improving the communities they serve and the lives of their members. Cooperatives and credit unions are founded on community service, a principle that has set them apart internationally for more than 150 years. This year’s theme, Local Service, Global Good encapsulates what has long been credit unions’ core principles — service to members and social responsibility.

In an era that continuously poses economic and financial uncertainty for people around the world, this theme honours credit unions’ drive to positively impact their communities and to better serve their members. We are changing to meet members needs, like introducing new electronic payment services, online access to accounts, new Travel and Car Insurances through and a raft of other services like bill pay and foreign exchange...but our ethos remains the same and change will not be allowed to compromise what we stand for, or how we serve members’ best interests.

Credit unions are unique because they are not-for-profit, democratically controlled, member-owned cooperatives. Credit unions pool their members’ assets to provide low-cost loans and other financial services in the best interest of the members, not to earn shareholder profits.

In Ireland, 3.3 million people enjoy the benefits of credit union membership.

This International Credit Union Day, we hope everyone will join us in celebrating the credit union difference, our proud cooperative heritage and the wonderful opportunities credit unions and cooperatives offer members in communities worldwide every day.

Total Cost of Loans at 5% Interest

Harold's Cross Credit Union offers loans within shares at just 5% interest. This means that the money you have deposited with us as shares acts as collateral for your loan. As we have less risk in giving you the loan, we can offer a low interest rate. See how much it would cost to service a loan within shares below, or call into our branch where our friendly staff will talk you through your options and help you to build a repayment plan that suits you.

Free Loan Insurance

No Penalty Charges for Early Repayment

No Documentation Fees

€1,000 for 1 year at 5% — interest €25.44. Total repayment €1,025.44.

€2,000 for 1 year at 5% — interest €51.40. Total repayment €2,051.40.

€3,000 for 1 year at 5% — interest €76.84. Total repayment €3,076.84.


Web Security Update - Heartbleed

The Heartbleed vulnerability only affects websites that use OpenSSL software. does not use this software and is not affected by this. Members do not need to change login credentials as their details and our website are secure.

We have been assured of this by our web provider. If you haven't used our web facilities yet, please follow the link and register. Soon, you'll be able to check your account balance at any time, get e-statements and even apply for a loan online.

Online Survey - Please Complete!

We'd love to hear your opinions and ideas on Harold's Cross Credit Union and how we can improve our service. We want to hear from members and non-members, so please take two minutes to complete our online survey today. You are not identified to us in any way, so please be brutally honest! Please get your friends and family to complete the survey also. Thanks a million!

Just click on the link below and off you go...

Have you set up a Credit Union Nomination?

Dear Member,

You may be aware that the Credit Union Act allows members to instruct that if they die, the value of their savings with the credit union passes to one or more specified persons. 

The advantage of this is that on your death, your savings are paid to the person you nominate quickly and without any complicated process involving lawyers or probate.

If you haven’t set up a nomination, we urge you to do so. It doesn’t cost anything, and the payment may ease the stress of your loved ones at the time of your death.

If you have set up a nomination, you should consider if it remains up to date and reflects your current wishes as things may have changed (e.g. change of marital or other circumstances) since you set it up. Amendments are simple to make and are entirely free of charge.

Nominations are easy to set up. All you do is complete a simple form in the credit union. Neither lawyers nor any member of your family need be involved. However nominations:

· must be in writing and signed by you;

· can be set up or amended any time without cost;

· must be set up in the credit union before you die;

· may include savings as well as the proceeds of the credit union insurance;

· cannot instruct that your savings pass to any credit union officer unless they are in your family;

· operate to a maximum of €23,000 only. Any surplus above this amount has to be paid into your estate

· may be cancelled or amended by you at any time;

· automatically lapse on your marriage or where your nominated beneficiary dies before you do; &

· cannot be varied by your will, which allows the credit union to make the payment without any complicated process involving lawyers or probate.

Unfortunately however, nominations cannot be put in place by persons under 16.

Remember: If you have a credit union loan, the credit union’s insurance clears it automatically on your death, subject to certain limitations relating to age, state of health & amount. This means that your savings can be passed direct to your nominated beneficiary without having to be used to clear your loan.

If you want to set up or update a nomination, please ask any credit union officer.

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Harolds Cross Credit Union Tel: 01 4974003 Fax: 01 4977313 Email: Web:
Registered in Ireland: No 197CU. Harold's Cross & District Credit Union Limited is regulated by the Central Bank of Ireland