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People First Credit Union
057 86 22594 | All incoming and outgoing calls are recorded for training, regulatory and quality purposes
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Provident Moneylender leaving Ireland

08 June 2021

Provident Moneylender leaving Ireland

Following the announcement last month that Provident Financial, the largest moneylender in the Irish market, is to close its Irish and UK doorstep lending divisions, the Irish League of Credit Unions (ILCU) is taking the opportunity to remind people that credit unions provide affordable, ethical loans to those most in need and, as regulated financial bodies, are a viable alternative to expensive licenced moneylenders.

In 2020, credit unions issued over 138,000 loans under €2,000 to a total value of €137 million. 25% of credit union borrowers take out loans of less than €2,000.

All credit unions offer small loans and the maximum loan rate which a credit union can charge is 12% (12.68% APR).

Over 100 credit unions in the Republic offer the ‘It Makes Sense Loan’, a scheme aimed at credit union members or potential members who are in receipt of a social welfare payment. Existing credit union members can contact their participating credit union to apply for the loan. Those who are currently not members will need to join their local credit union before applying for the loan.

For illustrative purposes, a loan of €500 from a credit union typically repaid over 6 months will accrue interest of €15 compared to €150 interest charged by licenced moneylenders for the same loan over the same period.

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Provident Moneylender leaving Ireland

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Portlaoise Branch

Address:
Head Office James Fintan Lalor Avenue, Portlaoise, Co. Laois, Ireland, R32 XE18
Tel:
057 862 2594
Email:
info@peoplefirstcu.ie
Web:
www.peoplefirstcu.ie
Latitude:
53.0316443
Longitude:
-7.2995889
We're Open:
Tuesday 09:15 - 17:00
Wednesday 10:00 - 17:00
Thursday 09:15 - 17:00
Friday 09:15 - 18:00
Saturday 09:15 - 13:00

Abbeyleix Branch

Address:
Credit Union House Main Street, Abbeyleix, Co. Laois, Ireland, R32 XHH0
Tel:
057 862 2594
Email:
info@peoplefirstcu.ie
Web:
www.peoplefirstcu.ie
Latitude:
52.9120133
Longitude:
-7.3521341
We're Open:
Tuesday 09:15 - 17:00 *
Wednesday 10:00 - 17:00 *
Thursday 09:15 - 17.00 *
Friday 09:15 - 18:00
Saturday 09:15 - 12:45

Closed for lunch Tuesday - Thursday from 12.30 pm to 1.30 pm.
Open through lunch on Friday.

Athy Branch

Address:
13-14 Emily Square, Athy, Co. Kildare, Ireland, R14 XV40
Tel:
057 862 2594
Email:
info@peoplefirstcu.ie
Web:
www.peoplefirstcu.ie
Latitude:
52.9912234
Longitude:
-6.9852183
We're Open:
Monday 09:30 - 17:00 *
Tuesday 09:30 - 17:00 *
Wednesday 10:00 - 17:00 *
Thursday 09:30 - 17:00 *
Friday 09:30 - 18:00

Closed for lunch Monday - Thursday from 12.30 pm to 1.30 pm.
Open through lunch on Friday.

Stradbally Branch

Address:
Unit 2 SuperValu Shopping Centre, Stradbally, Co. Laois, Ireland, R32 KX94
Tel:
057 862 2594
Email:
info@peoplefirstcu.ie
Web:
www.peoplefirstcu.ie
Latitude:
53.017546
Longitude:
-7.150798
We're Open:
Tuesday 09:15 - 17:00 *
Wednesday 10:00 - 17:00 *
Thursday 09:15 - 17:00 *
Friday 09:15 - 18:00 *
Saturday 9:15 - 13:00

Closed for lunch Tuesday-Friday from 12.45pm to 1.30pm.

Check loan office opening hours here and Foreign Exchange opening hours here.

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People First Credit Union Ltd is regulated by the Central Bank of Ireland. Reg No. 137CU

Loans are subject to approval. Terms & Conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.

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