Your local credit union in association with Radio Kerry are giving away €1,000 starting Monday 12th February. All you need to do is listen in and guess the magic number. Dont let the credit card blues get in the way, talk to Killarney Credit Union about a loan to consolidate your credit card debt, we have lots of loan options for you.
One Year Loan
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First place: Lissivigeen National School
1. Shane O Sullivan
2. Hannah Ryan
3. Oisin Dineen
4. Aoibhin Kelly
Second place: Gaelscoil Faithleann
1. Daire O Briain
2. Adam O Sulleabhain
3. Sinead Olibhear
4. Conor Sowerby
Third place: Fossa
1. Finn Kennelly
2. Roan Daly
3. Philip Lyons
4. Olivia Gaffey
Under 11 Category
First place: Scoil Bhride Loreto
1. Craig Leggate
2. Luke Courtney
3. Paddy Moore
4. Norah McGlynn
Second place: Cullina National School
1. Rachel O Loughlin
2. Dimitris Charakampakis
3. Fionan O Sullivan
4. Eanna Coffey
Third place: St Olivers National School
1. Aoife McClarence
2. Sean O Leary
3. Max O Gara
3. Kevin Looney
1st and 2nd place winners will now go on to complete at the Chapter 23 Level of the Schools Quiz on Sunday 4th March at Ballyroe House Hotel, commencing at 2.00 pm.
€25,000 windfall for winners in Killarney Credit Union members draw
A delighted Ulick O Sullivan, a native of Farranfore got a surprise call last week when he was notified that he had won a brand new car in the Killarney Credit Union members draw.
Ulick who is now resident in Dublin collected a brand new Ford Fiesta from Pat Sheehan, Board Chairman at a prize giving ceremony at the credit union on Saturday 20th January.
Speaking about the members draw, Karena McCarthy, Killarney Credit Union Marketing Officer stated “we currently have over 2,500 members in the draw which is held twice a year. This year our prizes included a new car and prizes ranging from €250 to €1,000 cash, our next draw will take place in July 2018” she concluded.
Members can apply for the members draw at any of the branches or download an application form online www.killarneycu.ie. €12 will be taken from your account twice a year as an entry fee for the members draw.
The cash prize winners were Mary Quirke, Connie Brady, Joan Mulchinock, Tim O Sullivan,
Mary Mulcahy, Noreen O Donoghue, Julia Casey, Denis Cronin , Annette Sheehan, Eileen O Shea, Olive Sheehy, Julie Payne, Mary T O Sullivan.
Karena added “The draw is limited to members of Killarney Credit Union and anyone over the age of 18 can apply to join, so we would encourage members to sign up, if they haven’t already, as the saying goes, if you’re not in, you can’t win” she concluded.
Killarney Credit Union Chairman Pat Sheehan, left, presents the keys of a new Ford Fiesta car to Ulick O' Sullivan, Farranfore, winner of the Killarney Credit Union Members Car Draw. Also included on right are Pat Delaney, Killarney Credit Union and Dermot Moriarty, Killarney Autos
At the presentation of the Killarney Credit Union members draw cash prizes were front from left, Killarney Credit Union Chairman Pat Sheehan, Mary Quirke and Pat Delaney Killarney Credit Union. Back from left are Mary T O'Sullivan, Connie Brady, Annette Sheehan, Tim O'Sullivan, Joan Mulchinock, Denis Cronin and Julie Payne
If you want to join the members draw, complete form and return to the credit union
16th January 2018
Car loan or PCP? How should you fund your 2018 car purchase?
Consumers in Ireland are changing their cars more frequently than before and this trend is set to continue in 2018. The latest Carzone Motoring Report (2017) says that one in two people now change their car every five years, and 60% are planning on buying either a new or used car in 2018. With so many set on a new pair of wheels in the coming months, it’s likely that a lot will struggle to decide between a traditional car loan or a Personal Contract Plan (PCP) to help finance the purchase.
For many, headline rates on PCP agreements can at first look more attractive, but these can easily distract from the range of additional charges and a good deal of inflexibility. Essentially PCPs are lease schemes. The buyer has in effect, hired the car for a particular period of time, usually 3-5 years, while they make payments. At the end of the agreement, they will have to make a balloon payment in order to own the car.
In addition, they will need to be conscious of the mileage they are racking up, because the balloon payment, or guaranteed minimum future value (GMFV), of the car will have been calculated with their annual mileage in mind.
In contrast, with a credit union car loan, the consumer simply borrows the money to pay for a car, which they own immediately, and they can drive as much as they please. They can also sell the car on at any time they wish, should they need to, whereas they do not have this option with a PCP.
Killarney Credit Union is reporting a recent increase in queries about car loans, which could be down to weaker sterling fuelling the increase in cheaper used car imports from the UK, along with media coverage of the inflexible nature of PCPs.
“There appears to be a renewed interest in the traditional car loan due to greater flexibility and more straightforward terms and conditions” Helen Courtney Power continued. “We would encourage anyone considering buying a new or used car in 2018 to pop in or call us at Killarney Credit Union before making any decisions. We are happy to see all our members, no matter how long it has been, and of course we are always happy to chat to anyone who has never been a credit union member.”
Speaking in more detail about the differences between car loans and PCPs, Helen Courtney Power, Business Development Officer, Killarney Credit Union said: “If you arrange finance with your credit union before going shopping for a car, you are in a much stronger position. You are effectively going as a cash buyer to the car dealer, and may well be able to negotiate a better deal. At Killarney Credit Union we offer a car loan with an APR rate of 7.8%* and we also offer car insurance, through the credit union insurance website coveru.ie. Our loan is typically approved within 48 hours.”
Killarney Credit Union has also put together a checklist for anyone considering a PCP agreement before they sign the dotted line:
• Be aware that to extend the term of a PCP you may be charged a rescheduling fee.
• Take note of the cap on the number of miles/kilometres you are allowed to clock up over the period of the contract.
• You may be requested to commit to certain car servicing agreements.
• Ensure you always enquire about additional fees and charges, you are entitled to a list of all additional charges so ask the garage for this before you sign any agreement.
For more information on PCP's and how they work check out www.consumerhelp.ie/pcp
* For a €5,000, 2 year variable interest rate loan with 24 monthly repayments of €225, an interest Rate of 7.49%, a representative APR of 7.8%, the total amount payable by the member is €5,399.86. Information correct as at 16/01/18
For car loan information