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Eligibility for Membership

Membership is available to:

  1. persons who:
    • share the common bond by living or working within Castleblayney and its surrounding areas; or
    • members of the same household and family of another credit union member who works in these localities; or
  2. unincorporated bodies, a majority of whose members are persons who share the common bond; and
  3. whose applications have been approved for membership by the Credit Union in accordance with this policy and:
    • have paid the entrance fee of €1.27 (Adults only – no entrance fee for individuals under 16 years of age); and
    • have paid for the minimum share value of €6.35.

 

Membership ends in the event of:

  • account closure
  • ceasing to hold the minimum shareholding
  • death
  • expulsion in accordance with the credit union rules or
  • discovery of a defect in a member’s eligibility for membership at the time of their admission, but does not end in the event of a member ceasing to hold the common bond.