Other Services
Other Services
Find out more about all the other services we offer our valued members at Arklow Credit Union.
PostPoint Bill Pay
Members can pay all of their main utility bills at Arklow Credit Union. PostPoint bill pay includes Eir, Vodafone, Airtricity, Electric Ireland, Bord Gais, EMO Oil, Flogas, Littlewoods and more.
Mobile phone top-ups are also available, (A €0.50 Post Point fee may apply).
Members can pay their property tax with a PostPoint fee of €1.
Bills can be paid in full or partially depending on the member's preference.
For a full list of the bills which you can pay through PostPoint please enquire at the teller desk or visit https://www.anpost.com/Government-Services/Billpay
Foreign Exchange
We offer foreign exchange to our members. This is available in our Arklow office during opening times. You can order the currency at our foreign exchange desk in our banking hall.
This service is open to Arklow Credit Union members only.
If we do not have the currency available we can order it for you. Orders placed before 12pm are usually delivered the next working day.
Check in our banking hall for an up to date list of exchange rates or contact 0402-39972.
Please note the commission rates above are as approved by the Central Bank of Ireland. We do not charge commission for members 55 years and over. The commission charged on a single transaction should not exceed, but may be less than, the commission rates and amounts stated above. All exchange rates applied at this bureau are calculated in accordance with criteria approved by the Central Bank of Ireland.
Loan Protection Insurance
Should a member with an outstanding loan balance die, the balance is repaid in full, subject to terms and conditions and certain cover limits which may apply. Loan Protection insurance is paid by Arklow Credit Union. There is no additional direct cost to you, the member. The insurance is underwritten by the credit unions’ own insurance company, ECCU Assurance DAC and is paid for by credit unions.
You should enquire when making your loan application to see if you are eligible. If you are an eligible member, this means that you can borrow from us in the full confidence that your dependents will not be obliged to repay the outstanding loan balance in the event of your death. The insurance benefit payable is the amount of the member’s outstanding loan balance.
When borrowing from Arklow Credit Union, a loan is eligible for cover if:
- The borrower has not reached their 85th birthday.
- The borrower can confirm they can actively and regularly perform all of the usual duties of their occupation and in good health.
- The borrower has a minimum of €200 in their share account to allow for affiliation fee deductions.
- Further terms and conditions may apply. Please enquire with Arklow Credit Union for further details.
Please check with Arklow Credit Union for full details of cover under their loan protection policy.
Death Benefit Insurance
Death Benefit insurance is provided by Arklow Credit Union to its members at no additional cost.
The service provides €1,300.00 towards funeral costs in the event of the eligible member's death.
Members are eligible for the service if:
The member joined Arklow Credit Union in good health before the age of 70 years.
The member is above the age of 16 years.
The member has remained a member of Arklow Credit Union.
The member has been a member with Arklow Credit Union for 12 months.
To qualify for Death Benefit Insurance the minimum shares to be held at the time of death is €150.00.
Life Savings Insurance
Life Savings Insurance encourages members to save, especially while they are young. The amount of insurance benefit payable on the death of the member is based on the age of the member when the shares were lodged. Withdrawals have a negative effect on Life Savings Insurance.
- Life Savings Insurance is applied up to a maximum savings balance of €7,700*.
- There is no individual charge for this insurance.
- The benefit is payable only on death.
- To qualify for the Life Savings Insurance the minimum shares to be held at time of death is €150.00.
*Please note the current Maximum Insurable Savings Balance is set at €7,700. This figure could change in the future at the discretion of the Board. Once changed, the insurance on all lodgements made prior to the change would be affected. If we intend to change the maximum insurable savings balance we will notify members in advance.
How it works
| Age when the savings lodged | Cover |
| Before 55 | Every €1 up to the Maximum Insurance Savings Limit provides €1 of insurance |
| During 55 - 59 | Every €1 up to the Maximum Insurance Savings Limit provides 75 cent of insurance |
| During 60 - 64 | Every €1 up to the Maximum Insurance Savings Limit provides 50 cent of insurance |
| During 65 - 70 | Every €1 up to the Maximum Insurance Savings Limit provides 25 cent of insurance |
Eligible Savings are
- Savings lodged before age 70
- Savings that remain intact in your account,
- Savings lodged whilst you were at work or in good health.
- Savings balance over €150
Not eligible are savings that are
- Savings lodged after age 70, or
- Savings lodged whilst not in good health, or
- Savings withdrawn lose the insurance attached to them.
- Savings below €150
