Latest News

10 May 2018

Update To Privacy Statement May 25th 2018

T.P.M. Credit Union | Update To Privacy Statement May 25th 2018

01 Apr 2020

TPM Credit Union AGM 2020

T.P.M. Credit Union | TPM Credit Union AGM 2020

23 May 2020

COVID-19 UPDATE FOR MEMBERS WISHING TO APPLY FOR LOANS

Covid-19 update for Members wishing to apply for a loans.

26 May 2020

Important Information For Members

T.P.M. Credit Union | Important Information For Members

23 Jun 2020

Updated Opening Hours

T.P.M. Credit Union | Updated Opening Hours

FAQs

What is the Common Fund?

As the amount of shares builds up, the common fund of money grows. This is then available for providing loans to members. All members are encouraged to save regularly, even when repaying a loan. This gives the member several direct benefits, and ensures that there are funds for the credit union for use by all members

What are shares?

Every £1 saved is equivalent of one share in a credit union. A minimum saving of £10 is needed to keep the account open. You should save regularly to build up a savings history. Each share is eligible for a dividend at the end of the year. The more savings held by the Credit Union, the more funds are available for loans to members.

What can a credit union do for you

Your credit union can help you achieve financial independence through regular savings and fair and affordable access to loans.

What is the common bond?

The common bond is that factor which unites all members of a credit union. It defines the area within which the credit union can operate. In Ireland, the most usual common bond are Community bond (where all members live in defined village, town or locality); Occupational Bond (where all members are in the same occupation or work for the same employer); Associational Bond (where all members are in the same society or association).

What is a credit union?

A financial cooperative, owned, and controlled by its members for its members.