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Pa Laide of Cara Credit Union and Mark Murphy of Killarney Credit Union.
IN light of the global COVID-19 emergency, both Cara Credit Union and Killarney Credit Union are not charging their members the quarter one fees from January to March this year on their Current Accounts.
Last October, Cara Credit Union and Killarney Credit Union launched their Current Account with a globally accepted Mastercard Debit Card with Contactless Payments.
The Current Account comes with simple and transparent fees and charges. The fees are due to be deducted from members accounts on 28th April to cover the period from January 1st 2020 to March 31st 2020, but both credit unions have agreed to refund their members immediately.
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Mark Murphy CEO of Killarney Credit Union said; “This is not a decision that both ourselves and Cara Credit Union have taken lightly. However, we are acutely aware of the challenges faced by our members in these very uncertain times. Helping and supporting members is at the very core of everything we do within the credit union movement and this is why we made the decision to refund our members the quarter one fees on 28th April.
Both Killarney Credit Union and Cara Credit Union have also put a number of measures in place to help their members at this time, including helplines if members are experiencing financial difficulty.
Pa Laide, CEO of Cara Credit Union said; “Not only are we refunding the current account fees for the first quarter but we would also like to let all members know if you are experiencing financial difficulty we urge you to contact your local credit union preferably by phone or online, to discuss possible flexible arrangements regarding your loans over the coming months. We can assure members that they will be treated fairly and with empathy. We hope that by offering as much support as we can to our members we trust they will continue to support their local credit union when our lives and economy returns to normal”.
Credit Unions are open for business. Please check their websites or social media for updated opening times. If you would like more information on the Current Account from Killarney Credit Union in Killarney, Kenmare and Cahersiveen and Cara Credit Union in Tralee, Castleisland and Killorglin go to their websites www.killarneycu.ie and www.caracreditunion.ie
