FAQ’s

Frequently Asked Questions

  • What can a Credit Union do for you?
  • What is the common bond?
  • What are Shares?
  • What is a Credit Union
  • Can children join?
    Yes
  • What return can I expect on my savings?
    This is dependent on the yearly surplus generated by loans.
  • Can I withdraw my savings at any time?
    Yes, providing they are not pledged against a loan.
  • When can I apply for a loan?
    As soon as your membership is ratified.
  • What can I borrow for?
    Any personal need.
  • What is the loan interest rate?
    A variety of interest rates to suit particular products. E.G. Back to School loan at 5%, Car at 7% etc.
  • Is my Loan insured?
    Yes T&C’s apply
  • Is there any penalty for repaying my loan sooner than the contract time?
    No.
  • Can I have a further loan without my first loan being fully paid off?
    Yes
  • Does Cobh CU offer CU Online Banking?
    Yes CU247
  • How do I request a new PIN / Password for CU Online?
    Register online or at the office at Harbour Row.
  • How long does it take to get a decision on a loan application?
    Approval in principle is often immediate. More complex applications may take longer.
  • Who can join Link Credit Union

If there are any further questions you would like answered please Contact Us

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