Comparing and Choosing the Best Current Account for your needs

Credit Union Current Account

Looking for the best current account in Ireland? With a wide range of options available, there’s never been a better time to compare current accounts in Ireland.

Whether looking for the best rates, the lowest fees, or the most convenient digital banking services, this article will walk you through the essential factors to consider when comparing current accounts.

At one time, it used to be considered quite a chore to change bank accounts; however, we are happy to tell you this is no longer the case. Changing your current account to another provider right now couldn’t be easier. Here, at Croí Laighean Credit Union, we have taken the time to ensure switching to a credit union current account is as easy as 1,2,3. We would like to introduce you to our digital switch form, which can be filled in from the comfort of your home at any time that is convenient for you. There are so many benefits that come from being a member of our credit union, which we welcome you to explore.

Apart from fees, charges and hidden expenses, we recommend considering the digital capabilities of the account, in-person banking availability, security features and the quality of customer support offered. Let’s discuss each one.

Digital Capabilities of Current Accounts:

We realise that one of the most important aspects of a modern current account is the ability to bank online, through an app or on your laptop. Croí Laighean Credit Union recently surveyed 205 participants to see what the general consensus was when it came to people’s perceptions of credit unions in Ireland. This survey indicated that the most important aspect of a current account today was the ability to easily access and complete transactions online.

Croí Laighean Credit Union is on a par with traditional banks when it comes to digital access. It goes without saying that we offer online banking services; however, we have also taken considerable steps to offer our members a superior range of secure digital products that make everyday banking and borrowing as simple as possible. Our state-of-the-art mobile app is available for users of Apple devices (through the App Store) and Android devices (through Google Play).

Considerable investment has gone into ensuring that our digital services are of the highest quality and are backed up by the tightest security and encryption processes available. We want all of our members to feel like they have the very best services available to them at all times, and we believe our digital capabilities are up there with the best.

In-Person Assistance at our Branches:

Another concern we have encountered regularly is that of in-person banking. Many of our members value that they can walk into a credit union at any time and talk to someone face-to-face.

With more high-street banks closing their doors to the public and opting for a fully digital experience, we are committed to keeping our doors open and welcoming members and non-members at all times. There is simply nothing that beats that face-to-face interaction, particularly when seeking financial advice and guidance. Plus, we have to admit we love the social aspect of meeting our members and taking the time to get to know you and your families in a more personal setting.

A number of our branches are also open on Saturdays, either for a half day or full day, to facilitate members who may work from Monday to Friday. You simply won’t find a more personal service elsewhere!

Security:

Many factors make credit unions an incredibly secure place in which to do your banking, including:

The Deposit Guarantee Scheme:

As with all financial institutions in Ireland, credit unions are covered by the Deposit Guarantee Scheme, which covers deposits of up to €100,000. If, for any reason, your local credit union were to close, your hard-earned cash would be safe.

Registry of Credit Unions:

The Registry of Credit Unions (part of the Central Bank of Ireland), regulates, supervises, and is responsible for credit unions across Ireland. Their role is to protect the savings of members across each credit union in the country and maintain each branch’s feasibility and optimum operation.

Governed by Members:

As well as being regulated and supervised by the Registry of Credit Unions, it’s important to note that each credit union in the country is governed by its members. This means that each member gets one vote and has a say in the running of the Credit Union.

Top Class Customer Service

For the past 9 years, Credit Unions have won the Customer Service Award at the CXi Awards, Ireland’s official Customer Experience Awards. It is our mission to always provide superior service in a setting that is both welcoming and professional, and our volunteers and staff are always delighted to assist in any way they can. Being at the heart of the community and governed by our members means that we truly want to see our local area thrive and grow. We do this by sponsoring local teams and initiatives, providing bursaries to exceptional youth, and supporting our local community in a way that makes a real difference.

Social Responsibility

Whilst this may not be at the top of your list when comparing current accounts and choosing a new bank, we urge you to look at all aspects of your local credit union. Our commitment to our community and our dedication to providing affordable savings and deposit options to our members means Croí Laighean Credit Union should be the first choice for you. In the past 7 years, Croí Laighean Credit Union has donated over €728,000 to worthy causes, organisations, and groups in our community through our Community Fund, Sponsorship Fund, and School Bursary programmes – something you will never find with a high street bank.

Choose A Current Account With Credit Union Today

Come and talk with us today about switching your current account, and we will guide you through the many benefits of becoming a member. Experience the difference of a community-focused, member-driven financial institution.