What you Need

What you Need

What you need to Join 

Single Accounts / Joint Accounts (per person)
  • Photo ID: Passport, Driving Licence, Age Card or Student Card, ML10 form
  • Proof of Address: Utility Bill, Bank Statement, any official letter or invoice dated within 3 months
  • PPSN Number on original documentation:Payslip, Drugs payment scheme card, medical card, letter from Dept. of Social Protection etc
Childs Account – (under 16 years)
  • ID: Birth Certificate, Passport
  • Parents Proof of Address: Utility Bill, Bank Statement, any official letter or invoice dated within 3 months
  • PPSN Number on original documentation: Drugs payment scheme card, medical card, letter from Dept. of Social Protection etc
  •  Parents Photo ID
Club/Society Accounts Items needed per person named on account
  • Completed Resolution Form – available on Forms/Brochures menu to be signed
  • Photo ID
  • Proof of Address – Dated within 3 months
  • PPSN Number – on original documentation
  • Named beneficiary
Business Accounts

Non Ltd Company

  • Certificate to Trade
  • Completed Resolution Form – if there is more than one name on the account
  • Per named persons: Photo ID, Proof Of Address – not the company address, PPSN Number

Ltd Company

  • Memorandum/Articles of Association
  • Certificate of incorporation/Certificate to Trade
  • Completed Resolution Form (2 or more directors)
  • Per named persons: Photo ID, Proof Of Address – not the company address, PPSN Number

Link Credit Union Ltd Business Account Fees:

We charge €2 per €100 on all coin transactions and 20c per €100 on cash Transactions. Cash transaction fees are invoiced on a quarterly basis.

Common Bond

The common bond is the factor which unites all the members of your credit union — it is what all members have in common. Because of the common bond, all members have the good of their credit union at heart; they know and trust each other. The common bond ensures that the savings of members are available to fellow members as loans. It also enables credit judgements to be made on character and personal record as well as on commercial risk factor.

The most usual common bonds are:

  • Community Bond: Members that live within the locality of our Credit Union
  • Work Bond: Members that work within the locality of our Credit Union
  • Household Bond: Members that can be associated to an existing member of Our Credit Union.
Form

There is a simple form to be filled in. You can download this form by clicking on the link below or going to the Forms/Download section on our website.

Membership Form 

Fee

There is a once-off membership fee of €1. Thereafter, the only charge is an annual fee for adult members (currently 90c) which is deducted from shares and paid to the Irish League of Credit Unions.

Savings

Savings are in the form of shares. Legally you must have save €1 before you become a member. Thereafter, it is entirely up to you how much or how little or how often you save (upper limit €100,000).

Dividend

The rate is approved by members at the A.G.M. The amount is based on the length of time the money has been in shares.

Proof of Identity

Under the Money Laundering Act, we are obliged to have proof of identity. The law prohibits the Credit Union from opening an account for a new member unless satisfactory proof of identity and appropriate address verification documents are produced (See list above).

Beneficiary

a person designated as the recipient of funds

Nomination

You can nominate who is to receive your shares in the event of your death (up to a limit of €23,000). This operates quite independently of any will you may make. Remember to change your nomination if things change (e.g. if you marry).

All members are encouraged to complete a Nomination of Beneficiary Form. Click here to download a nomination form.