Latest News

24 Jul 2024

ILCU Back to School research on back to school costs 2024

ILCU Back to School research shows that covering back to school costs is a financial burden for 62% of parents

16 May 2024

Credit Unions top the Ireland RepTrak® 2024 study

Credit unions have been ranked as the most reputable organisation in Ireland, topping the Ireland RepTrak® 2024 study ranking for the second consecutive year. With an overall score of 84.2, credit unions were the only organisation to attain an excellent score this year, ranking first in four out of seven of the key drivers of reputation - Citizenship, Conduct, Products & Services, and Workplace as well as taking first place in Trust to do the right thing, Fair in the way it does business, Ethical, Open & Transparent and other important reputation metrics.

08 Apr 2024

We are rolling out our Mobile Credit Union service to Avoca

First ever in Ireland, Arklow Credit Union rolls out its community banking service on wheels to Avoca, Co Wicklow with plans to extend the service further in coming months Arklow Credit Union has rolled out a mobile Branch on Wheels for customers in Avoca, Co Wicklow with the state-of-the-art technology bringing a wide range of banking services to communities there.

Central Credit Register

Information for small and medium enterprises in or facing financial difficulty

To assess a loan application Arklow Credit Union may check the member's credit standing with the Central Credit Register (“CCR”). Furthermore, the member's loan repayment record will be sent to the CCR for the lifetime of the loan. Therefore, this record will be visible to other lenders who access those credit registers.

The legal basis under GDPR which the credit union is relying on to perform the above are Legal Obligation, in relation to CCR checks required by law, and Legitimate Interests in respect of other CCR checks. It is in the credit union’s legitimate interests to perform such checks before approving any loan application and committing to communicating your repayment record to the CCR throughout the lifetime of your loan.

CCR is using Legitimate Interests as the legal basis for processing of your personal and credit information. These Legitimate Interests are the promotion of greater financial stability by supporting a full and accurate assessment of loan applications, aiding in the avoidance of over-indebtedness, assisting in lowering the cost of credit, complying with and supporting compliance with legal and regulatory requirements, enabling more consistent, faster decision-making in the provision of credit and assisting in fraud prevention.

For further information:

  1. Please read our entire Privacy Notice, a copy of which is available in the credit union or at www.arklowcu.ie
  2. Please ask any credit union officer who will be pleased to help.
  3. Email us at info@arklowcu.ie
  4. Contact any of the following:

Central Credit Register

Central Bank of Ireland
New Wapping Street
North Wall Quay
Dublin 1, D01 F7X3
01 224 6000

centralbank.ie

Data Protection Commissioner

Canal House
Station Road
Portarlington
Co. Laois, R32 AP23
076 110 4800

dataprotection.ie

Arklow Credit Union

Castlepark
Arklow
Co Wicklow
0402-39972