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Credit union loan

  • 25-01-2016 1:36pm
    #1
    nashipear
    Banned (with Prison Access) Posts: 25 ✭


    I currently have a student loan in a credit union which is in arrears and I am paying back in monthly installments, I have been told I can't save until the loan is paid off fully
    Would I be able to open an account in a different credit union to save and possibly take out a loan from that one if needed??
    Thanks in advance


Comments

  • #2
    Chevy RV
    Registered Users, Registered Users 2 Posts: 467 ✭✭Chevy RV


    You can only open another account in another CU if you share what they call a "common bond". This may be either geographical to where you live or a family member like wife/ spouse etc lives or else an industrial grouping like the Garda CU, CIE CU where people are connected by their employment.

    Sounds a bit strange, but that's the way they work as they are all individually ran from each other.


    Regards,


    Chevy RV


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