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Credit Union urges parents to shun moneylenders at back-to-school time

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A new, national survey has identified a rise in the number of parents in debt due to back-to-school related costs. Well over a third of parents in Ireland (36%) now say they are getting into debt trying to cope with costs at back-to-school time. This compares with 29% who reported being in debt last year. The worrying findings were revealed in the study commissioned by the Irish League of Credit Unions.

More than two thirds of parents in the study also said that they found back-to-school costs a financial burden. Nearly half (46%) said meeting costs was their biggest back-to-school related worry. Close to one third of parents said they would be forced to deny their children certain school items this year because they could not afford them. Extracurricular activities and new school shoes were amongst the items to be cut from the budget this year.

Reacting to the findings, Helen Courtney Power, Business Development Officer of Killarney Credit Union said that the credit union is all too aware of the struggle for parents this time of year. “We do see parents approaching us around this time of year requesting assistance with either budgeting and saving for the back-to-school spend, or with taking out a loan to see them through. It’s understandable that back-to-school costs are seen as a financial burden for so many when parents are paying out €999 for every primary school child, and over €1,300 for every secondary school child in their household. At XX Credit Union, we offer a special Back to School loan with an affordable APR rate of 6.2%*. The loan is typically approved within 48 hours and there are no hidden transaction fees or charges. As always, we are happy to work with parents to structure repayments in a way that suits their individual circumstances.”

Of concern for the Credit Union was the finding that, of those parents who said they were getting into debt, more than a quarter (27%) said they had turned to a moneylender in an effort to cope with back-to-school costs. This was a noticeable increase on the 20% last year who had opted for a moneylender.

Commenting on this finding, Helen said, “I would really encourage these parents to reconsider approaching a moneylender, some of whom charge APR rates as high as 188%**. This can lead to a recurring cycle of unnecessary debt and panic borrowing. We offer a service called the Personal Micro-Credit Scheme or ‘It Makes Sense’ which was specifically designed to assist social welfare recipients who feel they have no option but to borrow from a moneylender. Our welcoming staff are always on-hand to answer any queries in relation to this loan.

* For a €1,000 1 year variable interest rate loan with 12 monthly repayments of €86, an interest Rate of 6%, a representative APR of 6.2%, the total amount payable by the member is €1,032. Information correct as at 31/07/2018.

** Central Bank of Ireland Register of Moneylenders, July 2018.

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Training day for junior rowers

By Michelle Crean Junior members of Muckross Rowing Club were delighted to take part in a training day recently to fine tune their skills for upcoming events. Beginner to Junior 18 members competed in 19 races. The 500m sprints were held in octuples, quads and doubles. “Taking part in this sprint regatta will help Junior […]

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By Michelle Crean

Junior members of Muckross Rowing Club were delighted to take part in a training day recently to fine tune their skills for upcoming events.

Beginner to Junior 18 members competed in 19 races. The 500m sprints were held in octuples, quads and doubles.

“Taking part in this sprint regatta will help Junior Members prepare for upcoming regattas which are hoped to take place this summer,” Shóna O’Sullivan said.

“Those racing were cheered on by their fellow team mates at the Garden Quays. The races were exciting to watch, especially the races that ended in a photo finish.”

The competitors refuelled with a barbecue cooked by Bernie and Seamus O’Sullivan, she added.

“Thanks to Bernie, Seamus, all coaches and committee members that helped this training session run successfully in accordance with COVID-19 guidelines.”

On the same day Seán Daly Chairperson of Muckross Rowing Club presented Jane and Lila Ryan with Honorary Associated Membership for their generous contribution of €500 to the club.

“Our rowing club are extremely grateful for their generosity.”

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Hike up Strickeen Mountain for air ambulance

  Locals and visitors are being invited to join a guided ascent of Strickeen Mountain on July 4 to raise funds for the Irish Community Air Ambulance. The hike, described as an easy to moderate climb and family friendly well be led by Killarney-based Irish Community Air Ambulance volunteer and tour guide Krzysztof Szwab. It […]

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Locals and visitors are being invited to join a guided ascent of Strickeen Mountain on July 4 to raise funds for the Irish Community Air Ambulance.

The hike, described as an easy to moderate climb and family friendly well be led by Killarney-based Irish Community Air Ambulance volunteer and tour guide Krzysztof Szwab.

It is expected that the 7.5km hike will take around three hours to complete and participants will benefit from the expertise of Krzysztof for a minimum donation €10 per person or €20 per family.

Strickeen Mountain is the eastern most peak of the MacGillycuddy’s Reeks and the hike will start from the Gap of Dunloe at 11am on the day.

As an added bonus fruit and water, donated by local supermarkets including Lidl, Aldi and Daly’s SuperValu, will be provided. The first 20 to register will receive a limited edition Irish Community Air Ambulance face covering snood.

“This is an ideal opportunity for someone who has never climbed this mountain, but wants to do it with the help of an experienced guide,” Donie Lucey, who is one of the Irish Community Air Ambulance’s chief fundraisers, said.

Further details are available from Donie on 086 854 5873 or from Krzysztof on 087 7589697 after 6pm.

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Golf club launches Summer Series competition

By Sean Moriarty Competitive golfing has resumed at Killarney Golf and Fishing Club marking another step towards normality in the locality. The O’Mahony’s Point course hosted an open singles event on Monday last and this competition will continue every Monday for the rest of the summer. Meanwhile the club’s ‘TaylorMade’ Summer Series gets underway at […]

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By Sean Moriarty

Competitive golfing has resumed at Killarney Golf and Fishing Club marking another step towards normality in the locality.

The O’Mahony’s Point course hosted an open singles event on Monday last and this competition will continue every Monday for the rest of the summer.

Meanwhile the club’s ‘TaylorMade’ Summer Series gets underway at the famed Killeen course this coming Wednesday (June 23). This series will continue every Wednesday for eight weeks and top five scorers on each date will qualify for a Grand Final which is scheduled for Sunday, August 22.

“We are delighted to launch the ‘TaylorMade’ Summer Series. This is a singles stableford event taking place on the Irish Open course, Killeen,” said the club’s marketing manager Meg Dalton. “With over €8,000 worth of prizes to be won, this is an event not to be missed. The first opportunity to qualify for the grand final is Wednesday.”

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