A unique feature of credit unions is that members must have a common bond with each other – that is that the members live or work in a particular area or work for a particular employer.

For Ballybay Credit Union, our common bond extends to members who live or work in the locality. Check out our Common Bond Townlands to see if you qualify.

If a member ceases to hold the common bond i.e. they move outside the area or leave their job, they may continue to be a member

Because of the common bond, all members have the good of their credit union at heart; they know and trust each other.

There is a once off membership fee of €1.27 payable on the date of joining the Credit Union. In addition, there is an annual affiliation fee of €0.95 which will be deducted from your account.

To retain membership, you must maintain a minimum balance of €6.35 or else the account may be closed.

Death Benefit Insurance is an additional benefit of being a member with Ballybay Credit Union. The main purpose of this insurance is to provide a basic life cover and assist the family of a deceased member with the funeral expenses. There is no direct cost to the member for this insurance and the benefit payable is €1,000.

To be eligible, you:

Must have joined the Credit Union before the age of 70;
Be or have been working or in good health at some stage during your membership; and
Have a minimum of €100 in your Shares at time of death