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WHAT IS KILDRESS CREDIT UNION LIMITED?
Members of Kildress Credit Union are in a locally based non-profit making financial co-operative that exists for the benefit of its members. We aim to encourage regular savings and provide our members with affordable loans.
Our ethos is that the Credit Union will be a truly community-based co-operative, owned and controlled by its members and our mission is to provide our members with safe, affordable loans, encourage regular saving and provide financial assistance as required. Our membership base or common bond is the Civil Parish of Kildress.
Non-Discrimination:
Kildress Credit Union is non-discriminatory on all grounds, including but not limited to race, orientation, nationality, sex, religion and politics.
Kildress Credit Union Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
APPLYING FOR MEMBERSHIP.
In order to apply for membership, you will need to be either living or working within the common bond (see below) and complete a membership application form in the credit union office. Your application will be forwarded to the membership officer for consideration. The following documents will be required at the time of application.- Proof of address: Utility Bill, Bank Statement, House or Car Insurance Certificate/Renewal, Official DHSS Letter, Local Authority/Government Letter, dated within the last three months.
- Photographic proof of identity: driving licence, Passport, National Identity Card, Electoral Card, 60+/Senior Smart Card, firearms certificate.
When membership has been approved a £1.00 membership fee will be payable at account opening. By maintaining a minimum balance of £5.00 you will be an eligible member with voting rights
When membership has been approved if you are over 18 you will be asked to complete a nomination form.
Nomination of Your Account
This is a unique facility for credit union members. Credit unions have a nomination facility whereby if you are over 18 years of age, you can nominate someone to receive the property of your credit union accounts upon your death. If a member dies without a nomination or a will, this can sometimes involve a lengthy intestacy process in determining what happens to any property you have including what you have in your credit union account.
You may nominate a person(s) of choice to receive your property presently up to a maximum value of £20,000. Any amount in excess of £20,000 will form part of your estate.
You may change the details of your nomination as often as you like. A completed nomination must be signed and witnessed. Ask in the office and a staff member will help you complete the relevant form and witness your signature. The most recent nomination is the valid nomination.
A nomination is not revocable or variable by the terms of your will or by a codicil to your will.
The nominated property does not form part of a deceased person’s estate.
A nomination is automatically revoked when your nominee dies before you. In this case, you should consider completing a new nomination. If you do not, your property in the credit union may form part of your estate.
Where your personal circumstances change (e.g. marriage, divorce or separation) you should review your nomination at that time. A nomination is automatically revoked by your subsequent marriage.
WHAT IS THE COMMON BOND?
A Common bond is a link which unites all members of a credit union. It defines the area within which the Credit Union operates. Kildress Credit Union’s common bond is based on the civil parish of Kildress. If you live or work in this area, you can apply for membership. In addition, the direct family living in the household of a current member may qualify for membership provided the member still lives or works in the common bond area.
The townlands specified within the Civil Parish of Kildress are:
Ballynasollus, Beaghbeg, Beaghmore, Beleevna-Beg, Beleevna-more, Beltonanean, Cavanoneill, Clare, Clontyferagh, Cloughfin, Corchoney, Corkill, Corvanaghan, Derrinleagh, Doons, Drum, Drumnacross Lower, Drumnacross Upper, Drumnaglogh, Drumnamalta, Drumshanbo-Glebe, Dungate, Dunnamore, Evishacrancussy, Evishanoran, Evishbrack, Glenarny, Gortaclady, Gortin, Gortnagross, Gortreagh, Keenaghan, Kildress Lower, Kildress Upper, Killeenan, Killucan, Kinnagillian, Knockaleery, Legnacash, Mackenny, Magheraglass, Meenanea, Meenascallagh, Moboy, Muntober, Murnells, Oaklands, Orritor, Strews, Tamlaght, Tamnaskeeny, Tattykeel, Teebane, Terrywinny, Tirmacshane, Tullyreavy, Tullyroan and Tulnacross.
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