Manage your Money

[space] [/space] 

Budget Scheme

Modern living involves the payment of all kinds of regular bills, such as mortgages, electricity, road tax etc. Using the credit union Budget Account service, provided normally at a charge, members can release themselves from the burden of having to remember to pay these bills, and also save themselves the time and inconvenience involved in making each individual payment. Some credit unions also have a facility whereby they can pay the local County Council and any number of banks on a monthly basis for a fixed amount.


How does it work? 

You decide which regular bills you want to include in the budget plan. Next, you estimate how much each bill will be over the twelve-month period, and total all of them up. Members should be well advised to over-budget a little in case of emergencies and increases in the cost of some of these bills. Divide the total amount by 50 if paying weekly or by 11.5 if paying monthly. Direct Debits are also available for paying bills including E.S.B and Eircom.


Quick Pay

The Quick Payfacility can save members queuing time. It can be used for making loan repayments or lodgements to savings. Lodgements to loans or savings can also be made by standing order from the bank, deduction from wages (where employers agree) or by posting a cheque or postal order to your local credit union.



Employers can now quickly and efficiently forward their employees’ salaries to their local Credit Union. The employee can then allocate their salary to various different accounts if they wish.

[space] [/space] 

Look at things differently ballagh logo22

[space] [/space]