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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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Killarney co-drivers to the fore at this weekend

Two Killarney-based co-drivers will contest this weekend’s Trackrod Rally Yorkshire, the fourth rounds of the British Rally Championship. The two-day event gets underway tonight (Friday) with one stage set to be run under the cover of darkness. On the startline will be Muckross man Noel O’Sullivan and Aghadoe’s Mikie Galvin. O’Sullivan, co-driver to Welshman Osian […]

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Two Killarney-based co-drivers will contest this weekend’s Trackrod Rally Yorkshire, the fourth rounds of the British Rally Championship.

The two-day event gets underway tonight (Friday) with one stage set to be run under the cover of darkness.
On the startline will be Muckross man Noel O’Sullivan and Aghadoe’s Mikie Galvin.

O’Sullivan, co-driver to Welshman Osian Pryce, is the current leader of the series while Galvin, who reads pacenotes for fellow Killarney and District Motor Club member, West Cork’s Keith Cronin, is eighth after missing the opening round.

“The element of darkness certainly brings an additional challenge to all the crews, especially since most of us will not have done any night stages for some time, the most recent I did was in 2017 on the Ulster Rally,” Cronin noted.

The route layout reads like an extract from the itinerary of the World Championship counting RAC Rally of the 1980s, featuring familiar locations such as Dalby, Gale Rigg and Langdale, and it will be the Dalby Forest test that opens the competition shortly after 8pm tonight.

Meanwhile, Irish rallying returned last Sunday after the pandemic-enforced lay-off with the ‘Munster Car Club’s Cork 20’.

London-based Listry co-driver Shane Buckley was the best of the local entrants, guiding Daniel Cronin, Keith’s brother, to fifth overall.

Ger Conway and his driver Stephen Wright were just two places and 8.9 seconds behind in another Ford Fiesta RC2. It was Conway’s first taste of a RC2 car since he and Rob Duggan finished second overall on the 2018 Donegal International Rally.

“There is a taste of more after this,” said Ger after a trouble-free day.
Damien Fleming came close to making it four local co-drivers in the top 10. He and his driver Stephen McCann were 11th, just 16.6 off the leader board. They said it took a while to get used to the bumpy Irish tar after a recent trip to the Tour of Flanders in Belgium.

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Education Minister officially opens The Mon’s new classrooms

A town primary school – which has a deep connection to Monsignor Hugh O’Flaherty – has a whole new look which was officially opened today (Friday) by the Minister for Education. Norma Foley TD officially opened the newly constructed wing to the Presentation Monastery Primary School on New Road which will house two special needs classrooms, a multi-sensory room […]

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A town primary school – which has a deep connection to Monsignor Hugh O’Flaherty – has a whole new look which was officially opened today (Friday) by the Minister for Education.

Norma Foley TD officially opened the newly constructed wing to the Presentation Monastery Primary School on New Road which will house two special needs classrooms, a multi-sensory room and a general-purpose hall.

The project, which was funded by Department of Education along with money raised by the school as part of their ‘THE MON-ster Fundraiser’, was just one of three officially opened new additions to the school along with a special dedication of the school’s hall in honour of Monsignor Hugh O’Flaherty, a past pupil of the school from 1909-1914.

Also, The Most Rev. Ray Browne, Bishop of Kerry, officially opened a three-classroom extension at the school’s present site which was opened in 1958 having moved from its College Street location which was opened in 1838 by the Presentation Brothers.

Former Supreme Court Judge Hugh O’Flaherty and Mrs Pearl Dineen the nephew and niece of Monsignor Hugh O’Flaherty officiated over the dedicating of the school’s new hall to past pupil, Monsignor Hugh O’Flaherty, in recognition of his heroic deeds during WWII.

O’Flaherty, who also taught at the school later, became better known for the role he played in World War II while at the Vatican leading over 6,500 prisoners of war, partisans and Jews to freedom to earn him the title of the ‘Vatican Pimpernel’, leading to the 1983 film ‘The Scarlet and the Black’ with Gregory Peck portraying the role of O’Flaherty.

OUTDOOR CLASSROOM

A special outdoor classroom ‘Dotts Garden’, dedicated to the memory of Dorothy (Dott) Hennggler the 2011 Washington DC Rose who died at the family home in Baltimore from a brain tumour, was officially opened by Anne O’Shea (aunt of the late Dorothy), and Àine McMahon (cousin of the late Dorothy and BOM member). The outdoor classroom was beautifully decorated over the summer by artist Katríona Lynch.

Due to COVID restrictions, the main event took place outdoors with staff joined by a small group of pupils selected from each of the classes representing the student body along with members of the school’s Board of Management.

“Your achievements have been remarkable over the last number of months,” Minister of Education, Norma Foley, said today at the official opening.

“It is my wish going forward that the next year in education will be less complicated, less trying and less difficult one. I think school staff are deserving of that. We can put the COVID atmosphere behind us and we are moving positively along. We hope that in a few months we will talk about living in a post-COVID time. The story of Monsignor Hugh O’Flaherty speaks of the calibre of students produced here, but it also speaks of the courage and bravery and vision that Kerry people can have in the most difficult and trying of times.”

School principal Colm Ó Suilleabháin, who is shortly moving on to St Oliver’s NS in Ballycasheen, was delighted to be in attendance to see the building come to fruition.

“It’s a fantastic culmination of hard work by the staff and the Board of Management, and we are delighted to see the school is fully equipped and resourced for the next generation of pupils from Killarney and beyond,” he said.

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