NEWINGTON CREDIT UNION PREPAID DEBIT CARD

Newington Credit Union is proud to present Our Prepaid debit card for members. This prepaid debit card helps you to budget your spending on the fun things in life, like shopping, or buying tickets for exciting times out. It is also handy for everyday costs like household shopping and travelling abroad on holiday.

The card can be used for numerous transactions, including:

· Paying for goods or services with any retailers that accept MasterCard payments

· Purchasing goods and services online

· Making bookings or purchases by telephone

· Withdrawing cash from ATM’s

· Loading the card to pay tuitions, car payments, travel expenses, shopping, bill payments

· Keep track of your finances and manage your card account online

· You can never spend more than what’s on your card

Newington Credit Union - Young Peoples Awards. 

Download Young People Awards Form (114.7kb)

On behalf of the directors, supervisors and staff we wish all our members a very happy and peaceful Christmas.

MONEY ADVICE AND BUDGETING SERVICE

MONEY PROBLEMS?

DISTRESSED

 WORRIED

 ANXIOUS

PROBLEMS PAYING OFF DEBT OR EXPERIENCING FINANCIAL DIFFICULTY?

NEED ADVICE ON MONEY MANAGEMENT?

HELP IS AVAILABLE!!

WE PROVIDE FREE-CONFIDENTIAL-INDEPENDENT ADVICE.

DONT DELAY AS THE PROBLEM WILL NOT GO AWAY BY TRYING TO IGNORE IT!

RING JULIE OR TONY ON:

02890-351040 OR 02890351773

OR YOU CAN CALL INTO THE OFFICE

NEWINGTON CREDIT UNION

239-247 DUNCAIRN GARDENS BELFAST BT15 2GF

TO ARRANGE AN APPOINTMENT.

Do you want to brush up on your English and Maths skills?

Are you 19 years or older?

Are you unemployed?

Are you living in greater North Belfast Area?

If so, contact paul at the ashton centre on 02890742255

or email him on Paul.murray@ashtoncentre.com

Newington Credit Union are pleased to present our 2008 Annual Report. Please click the link below to download this document.

Download Annual Report 2008 (1011.7kb)

A leading Northern Ireland credit union has become a social investor in the UK’s only bank that is also a charity*.

By opening a deposit account with Charity Bank, its reserves will earn a fair interest rate, while being recycled in the local community through loans to voluntary and community organisations, charities and social enterprises. 

Like many credit unions in Northern Ireland, Newington has built up substantial credit balances from its many savers.  Under current credit union legislation, it is unable to lend directly to voluntary and community organisations itself.  Charity Bank specialises in lending to these organisations and is covered by the Financial Services Compensation Scheme. 

In return for the investment, invested over five years, Charity Bank has pledged to make every effort to lend the money out again to organisations in Newington’s ‘common bond’ catchment area in North Belfast.  The Bank will be briefing Newington’s staff, placing leaflets in the credit union and marketing its lending services directly to local charities and community organisations. 

Newington’s Chief Executive, Rosaleen Bradley, says: “Like the Credit Union movement, Charity Bank is ‘not for profit, not for gain’.  We are delighted to have found a way to use our members’ savings for the benefit of the local community, while receiving a fair return for our investment.” 

Adds Charity Bank’s Regional Manager, Niamh Goggin:  “The credit union movement, in both Northern Ireland and the Republic, has developed into a world-class social finance sector. 

“Social banks, such as Charity Bank, are still in their early days in the UK and Ireland and we welcome the opportunity to work co-operatively with successful credit unions like Newington.  Together, we can deliver a fair financial return and a real social impact through investing in local charities and community organisations.” 

You can now view your balance and transactions of you additional savings account online!!!!

If you are considering buing a car, home improvements or a holiday think about taking a loan from your credit union. The advantages of a credit union loan are:

The interest is reasonable, £2000 over 24 months will cost £249 less interest rebate of 20% = Total interest of £200. (Interest Rebate is based on 2007 figures).

• There are no set up fees.
• No penalty for early settlement.
• Your savings stay intact.
• Your loan is protected at no cost to the member up to the age of 85.
• Decisions are made very quickly.

If you have any questions please speak to one of our Loan Officers.

From 1 April 2006 the amount a juvenile can save was increased to £10000.

Further to the legislative review we are pleased to advise that the maximum which a credit union can hold on deposit from persons too young to be a member (i.e. someone under the age of 16) has increased from £1000 to £10000. Share withdrawals for amounts over £1000 must be in writing from the parent/guardian for the attention of the Board of Directors. For more information contact Rosaleen 90351040.

Foreign Currency  and Travellers Cheques now available in Newington Credit Union

Newington Credit Union now offers a Foreign Exchange service for members.

Excellent Rates - No commission charged.

The Foreign Exchange Office operates from 10am to 5pm Mon to Friday and from 9.30am to 12pm on Saturdays.

 Please give two days notice before currency is required for places other than Europe or USA.

Death Benfit Insurance increased from £1000 to £2000 for all eligible members.

The Board of Directors are continually exploring ways to improve the services offered to the member. This year a decision was made to increase the Death Benefit Insurance to £2000 for all members that join the Credit union before the age of 70. The credit union pays this insurance as an operational expense, therefore there is no direct cost to the member. We would ask that members save regularly as we want to include all members in this very beneficial service.

Apply early for holiday loans

This is coming into one of our busiest times for loans. The credit committee ask members to apply early and make sure all details are provided on the application form. Don’t forget if you keep your account up to date a loans officer may be able to give you an immediate decision about your loan application. Ask at counter for details. Loans for approval by the credit committee should be with us before 5pm on Monday evening for consideration the following day. Members may collect loans from Wednesday.

If you are having financial problems call and speak to us.

Our Money Management Service is open to members who find themselves in financial difficulty with creditors. In conjunction with the advise workers from the Ligoniel Improvement Association we will find a way to help you through financial problems. Don’t ignore the problem - come in and talk to Julie.