Page 29 - Kildare CU 2022 AR

NOTES TO
THE FINANCIAL STATEMENTS
8.
Rates of Interest Charged on Members’ Loans
The Credit Union charges rates of interest as follows:
Standard Loans 8.9% per annum
Winter Warmer Loans 7.5% per annum Community Loans 6.9% per annum
Student Loans 6.5% per annum
Home Renovation Loans 6.25%
Share Secured Loans 6% per annum
‘It Makes Sense’ Loans 12%
CU Greener Homes BER rating A
CU Greener Homes BER rating B2+
CU Greener Homes BER rating All Others
Standard Loans 12.0% per annum (Narraghmore) *
Per APR Month
0.74% 9.30% 0.63% 7.80% 0.58% 7.12% 0.54% 6.70% 0.52% 6.45% 0.50% 6.20% 1.00% 12.70% 0.40% 4.90% 0.48% 5.96% 0.64% 7.98% 1.00% 12.70%
9.
Rates of Interest Paid on Members’ Deposits
The Credit Union charges rates of interest as follows:
A rate of interest of 0.10% is provided for on members’ deposits at 30 September 2022.
* Rates of interest applicable to existing loans at the respective dates of Transfer of Engagements.
Per APR Month
N/a 0.10%
For the year ended 30 September 2022
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