How to finance your wedding day plans

WHEN organising your wedding, it’s just as important to plan how you are going to finance it as it is to plan the day itself. When it comes to financial planning your local credit union in Tralee, Castleisland and Killorglin has a number of options available to you. Speaking to Suzanne Ennis from Tralee Credit Union “the first thing is to open a credit union account if you don’t have one opened already. If you plan on saving for your wedding you can set up a Direct Debit and have regular savings electronically going into your account. With your credit union, your savings are eligible for a Dividend and free Life Insurance cover, so you are making your savings work for you. Using our Online and Mobile Banking services you can electronically transfer funds online as and when you need to, so you don’t need to physically visit the credit union to make a lodgement or withdraw funds, handy for couples living outside the county or abroad.”

If you need to borrow, Credit Union wedding loans are very popular. Suzanne says “Not only are our rates competitive but you’ll also find our loans very flexible in our repayment options. You don’t have to draw down your loan all at once, you can draw it down in small amounts when required, so you’ll pay less interest. You can also use the loan as a “bridging Loan” and repay your loan in the weeks and months after your wedding. This is a significant benefit to a credit union loan in that you can repay your loan early or make lump sum payments anytime without penalty. There are no fees and charges, and your loan is also insured with free life cover. So for couples planning their Wedding Day, it’s well worth speaking to your credit union and let us help you financially plan your wedding day”.

To apply for a Credit Union loan you can log onto www.traleecu.ie, Phone 066 712 2373 (dial 1 for loans) or call into an office in Tralee, Castleisland or Killorglin.