Life Credit Union

Maynooth Students' Union has partnered with Life Credit Union as our main sponsor for 2020. Life CU is a local business with student's interests at heart. Their support allows us to develop our services for students.

Let Life CU Take the Stress Out of College!

Life Credit Union is your local credit union, in the heart of Maynooth. We are committed to helping Maynooth University students with their financial well-being and offer some great products and services that will make your student life easier!
We want your student life to be as stress free as possible and for you to finish college in a financially strong position, and without accumulating high interest debt. We take a long-term view of your finances and lend money in an ethical way. Life Credit Union doesn't exist to make profit but is committed to helping you achieve your life goals, with any money generated being re-invested back to our members or improving our services.
Our local Maynooth team are happy to help and talk to you about any of our services – just pop down and we’ll be happy to help. Or, if it’s easier you can also do most of your banking with us online, with our Online Banking and Mobile App – once you’re set up you can pay bills, make transfers and apply for a loan online. 
Here are just a few ways that we can support you through student life.

Low Cost Student Loan – Ezy Peasy Lemon Squeezy!

We don’t want you stressing about college fees, books and IT equipment. Our low-cost student loan is designed to take care of your financial needs in third level without any hassle. College fees, digs, wheels. Your loan, your choice.

With us, borrowing money has a feelgood factor! Life CU is owned by you, the members, which means our profits are made purely for you – it’s how we lend to other members in the community in the future. It’s a very simple model, but it works!

Plus, you’ll be building your credit history which will make it easier for you to borrow for the bigger things in years to come like a mortgage! Depending on your situation, we may require a guarantor for your loan, but you’ll still be starting to build your credit history as the named borrower.

You can apply in minutes online and get the money to your account without having the visit a branch! Apply online here

A Little Example!

A loan of €6,000 over 3 years would have 36 monthly repayments of €182.99. Representative APR 6.17%. Amount to be repaid €6,587.79. Total cost of credit €587.79

Fee Free Current Account with Debit Card

Manage your daily finances no matter where you are in the world. With access to your funds in-branch, online or on the app, Current Account from Life Credit Union gives you all the benefits you expect, but with the personal touch of your trusted credit union.

  • Globally accepted Mastercard Debit Card
  • Contactless payments
  • No fees for students aged 18-25 years
  • Fully online - mobile app & e-statements

Find out more here

Easy Life Debt Consolidation

Swap multiple existing loans into one Easy Life Loan. One low rate monthly payment. Easy!

We understand that Student life can be expensive, and you may already have an overdraft, credit card balance and/or loans to cover the costs. Credit Cards can seem like access to easy money, but they have very high interest rates and if you are just paying the minimum payment each month you can end up paying a huge amount of interest. Our Easy Life loan allows you to pay off any high interest debt with one low cost loan. It’s also easier to manage with just one monthly payment rather than different due dates in interest payments. It’s a great way to get debt under control and start building your credit history in a positive way.

A Little Example!

Jack has a a car loan outstanding of €5k (€205/mth), and credit card €2.5k outstanding (€63/mth). Total outstanding debt of €7,500 and monthly payments of €268.

If he swaps them to our Easy Life Loan, Jack will save €83 per month and pay off his debt years earlier!

€7,500 Easy Life Loan over 4 years, 48 monthly payments of €185.11, Representative APR 8.57%, Total Amount Payable €8,885.29. Loan example for illustrative purposes only. Information correct as at 03/09/2020.

Find out more here

Loan examples are for illustrative purposes only. Lending criteria, terms and conditions apply. Loans are subject to repayment capacity and financial status. Warning: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.

Terms and Conditions apply. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. This card is issued by Transact Payments Limited pursuant to licence by Mastercard International.

Life Credit Union is regulated by the Central Bank of Ireland.