Remember – only members are eligible to receive loans from Wexford Credit Union. So if you’re not a member, why not join today? Membership Requirements
We make it easy to apply for a loan. Contact us by:
- Submitting a loan application through our secure members’ area – CU Online. If you haven’t registered for online access yet, why not Register today!
- Call 053 9123909 and choose option 1 to speak to someone in the loans department.
- Email: firstname.lastname@example.org
- Apply by calling into our office in Anne Street, Wexford, Y35 XW96 (please join the queue to your right)
To check out repayments, click HERE
The Approval Process
All applications are treated confidentially and on their own merits. The key consideration is a member’s ability to make the loan repayments over the loan term. We advise our members to bring all the relevant documentation set out below to process the application quickly.
Employed full-time or part-time:
A recent payslip dated within the last two months of the application date.
Recent audited accounts & confirmation of tax position (Form 11)
Proof of pensions such as a receipt or bank statement showing the payment within two months of the application.
Proof of social welfare payments such as a receipt or bank statement showing the amount within two months of the application.
Please Note: This list is a guideline only. You may be required to bring other documentation, depending on the loan’s complexity and/or purpose.
Like all Credit Unions, our loan approval process is governed by internal policies and requirements set out in law. We do our best to make a quick decision on your application so you can enjoy the benefits of your loan as soon as possible.
Interest on credit union loans
By law, credit unions cannot charge any more than 1% per month on the reducing balance of a loan. Wexford Credit Union Limited charges an interest rate of 9.6% (10.1% APR*) on its standard loan product. Discounted rates are also available.
Credit unions do not charge fees or transaction charges. The Credit Union is currently offering competitive rates. View our loan calculator to see how reasonable a credit union loan could be. Since the interest is charged only on the loan’s outstanding balance, you will pay even less if you repay in a shorter time than planned.
* Annual Percentage Rate
We always assess a loan application based on a member’s willingness and ability to repay. Still, recent regulation requires us to modify the way we make decisions on loan applications to ensure that a Member is not in arrears with their mortgage and can afford all existing debts during the term of the loan application we are reviewing.
If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
All loans are subject to approval. Terms & Conditions apply.