SEPA Payments

SEPA Payments

This weekend, 15th to 17th March 2024, the European SEPA Payment Schemes will undergo a planned maintenance which may cause delays in processing payments.

This means that any payments made Friday 15th March may not reach the intended beneficiary until Monday 18th March.

As a result, if you want funds to reach an account by Friday, we advise you to make a payment by Thursday 14th March to ensure that the beneficiary account is credited on Friday.

Please note, you will have full online access as usual during this period. If you have any questions, please don’t hesitate to contact us.

Credit Union Quarterly results show exceptionally strong lending performance

Credit Union Quarterly results show exceptionally strong lending performance

The Irish League of Credit Unions, on behalf of its affiliated credit unions, has released Q1 2023/24 quarterly performance results on behalf of its affiliated credit unions in ROI.

The results for the quarter (October to December 2023) highlight a continued upward growth trajectory in loans, with a significant increase in mortgages and business loans. Arrears remain close to all-time lows.

Commenting on the report, ILCU CEO David Malone said
“Credit unions delivered over 110,000 loans in the quarter which is over 8,000 loans per week. To put that into context that’s €631 million per quarter of lending to people or over €48 million per week. What these latest quarterly results show is that not only are people availing of credit union services but that there is a growing pipeline of demand for loans which our members are ready to facilitate.

He continued, “Looking to the future and building on this continued growth, the Central Bank’s review of the lending framework is crucial. This is in the context of the dramatic increase in mortgage lending as changes are needed to meet customer demand, increase flexibility, allow credit unions compete on a level playing field and provide real competition in mortgages and business lending. We have engaged with the Central Bank on its lending review but are now looking for targeted changes to allow more choice for consumers and to reduce the dominance of the retail banks. The changes we are looking for will allow more mortgages, remove crisis era restrictions and allow more business loans thereby enhancing competition in a safe and prudent manner”.

Job Vacancy – Teller/Member Service Officer

Job Vacancy – Teller/Member Service Officer

Mulcair Credit Union currently has a vacancy for the position of Teller/Member Services Officer.

Mulcair Credit Union is seeking applications from self-motivated individuals who want to be part of a growing organisation. Applicants should be committed to achieving high standards and have a flexible approach to work.

General Scope of the Role

The successful candidate will be responsible for carrying out a range of administrative and operational activities that contribute to the effective running of the credit union.

Both full-time and part-time positions available.

Main Purpose of the Role

The position will require assisting members with all aspects of Credit Union Business while working as part of a team to provide administration and support in dealing with:

  • Delivering an excellent member service across multiple delivery channels including in person, over the telephone and online.
  • Explaining products and services offered by Mulcair Credit Union to current and potential members.
  • Processing member transactions including lodgements, withdrawals and transfers, opening accounts and re-activation.
  • Issuing member loans and ensuring that the loan conditions are satisfied.
  • Deal with and resolve member queries.
  • Accurately and diligently handle cash, reconcile balances and account for any shortfalls/excess.
  • Operate within the risk and compliance frameworks to ensure adherence to all regulatory AML requirements policies and procedures.

The ideal candidate will have:

  • Excellent attention to detail and administration skills.
  • Experience working in a role within a credit union or similar financial institution ideal, but not essential as full training will be provided.
  • Excellent customer service, interpersonal and communication skills.
  • Strong teamwork ability.
  • Ability to use discretion and sensitivity in dealing with members.
  • Ability to make decisions and take responsibility.
  • Knowledge and understanding of the ethos of Credit Unions.
  • QFA/CUA, relevant diploma or degree ideal but not essential, minimum leaving certificate required.

How to apply:

Please forward a covering letter and CV to , applicants should clearly state the role they are applying for.

Short listing may apply, and assessment will be based on the information provided in the application.

Mulcair Credit Union Limited is an Equal Opportunities Employer.

ALERT! Fighting Festive Fraud on Black Friday

ALERT! Fighting Festive Fraud on Black Friday

12 tips for Fighting Fraud this Festive Season: Be Informed, Be Alert, Be Secure – Be FraudSMART

As we approach the festive season, FraudSMART is here to ensure your safety. Both consumers and businesses need to be vigilant against frauds and scams during this busy time.

Everyone is a target especially with the increasing complexity of frauds and scams and during the festive season when we’re all busy enjoying this time of year. Fraudsters target us through various channels, including emails, social media, and phone calls.

Here are 12 essential tips to help you stay safe: 

  1. Never click on unsolicited links in texts or emails.
  2. Avoid public Wi-Fi for online purchases; use a secure connection.
  3. Keep your computer’s security up to date with reliable antivirus and browser software.
  4. Shop directly from trusted retailers’ websites. 
  5. Be cautious of unbelievable deals or miracle products.
  6. Use reputable payment suppliers or Verified by VISA/Mastercard Secure Code.
  7. Watch out for fake calls from your bank or utility companies.
  8. Purchase tickets from secure and reputable websites.
  9. Limit personal information sharing on social media. 
  10. Avoid saving passwords on your mobile device unless necessary, and protect your phone with a passcode.
  11. Your bank will never ask for your full PIN or online banking passwords. If in doubt, call your bank using the number on your card.
  12. Report any suspected fraud to your bank immediately.

Stay safe and enjoy the festive season without falling victim to scams. Be vigilant and share these tips with your loved ones to help protect them as well.

Wishing you a secure and joyful holiday season.