Archive for January, 2014

Irish League of Credit Unions ‘What’s Left?’ Tracker

January 23rd, 2014

The Irish League of Credit Unions (ILCU) has today published the final ‘What’s Left’ tracker of 2013. The research, which has been running since the April 2011, now enters its fourth year.

Since its inception in 2011, the tracker has followed how ordinary people around the country have been impacted by austerity and recession and through the research, we have seen the huge impact the shift in the economy has had on family finances, resulting for some, in a day to day struggle to make ends meet.

Over the past six months the tracker research has revealed more positivity among the population and in terms of personal finances we are perhaps seeing the beginning of recovery or maybe simply that people, having adapted to the prevailing economic conditions, are more able to manage their money and pay their bills. We hope that 2014 continues to show this positivity.

For the final time, the ILCU have enlisted the help of three independent financial experts who have on this occasion written about managing your money in 2014; offering tips and practical advice for the year ahead on the Fix your Finances website –

Tracker Highlights

Disposable Income

  • 13% say their disposable income has increased since December 2012
  • Disposable income has increased by an average of €49 since 2012 

Credit Card Debt

  • 76% of people in Ireland have a credit card, of these, 70% (or 1.8 million people) currently owe money on their card
  • 31% depend on their credit card to make ends meet each month
  • 30% credit card owners are falling behind on their credit card bills (decrease from 39% in December 2012)
  • Average amount owed on a credit card is €2,480, an increase from €2,400 in December 2012
  • Average amount spent on credit card each month is €470
  • Only 45% of credit card holders know what interest rate they are paying (fall from 54% in 2012)
  • 4% have had a credit card revoked in 2013

Property Tax:

  • 4 in 10 homeowners will have to forego spending in other areas like clothing & footwear and groceries to pay the 2014 property tax


  • Increase in those who are able to save every month (44% in December 2013 v 31% in December 2012)

Essential Bills:

  • 32% have put off paying their essential bills on time, a drop from 38% in September 2013

For more information on the tracker, check out

Members Christmas Draw

January 2nd, 2014

Our annual Free Members Christmas Draw took place in the Credit Union Office on 23rd December.


1st Prize

Francis Treanor Jnr, Lochmor Avenue, Ballybay

2nd Prize

Charles & Linda Mills, Acres, Ballybay

Children’s Prize

Caitlin Rebecca Smyth, Carga, Ballybay

Christmas Opening Hours

January 2nd, 2014

Monday 23rd December – Open

Tuesday 24th December – Closed

Wednesday 25th December – Closed

Thursday 26th December – Closed

Friday 27th December – Closed

Saturday 28th December – Open

Monday 30th December – Closed

Tuesday 31st December – Open

Wednesday 1st January – Closed

Business as usual from Thursday 2nd December

We would like to thank all our members for their continued custom throughout the year and wish you a Happy Christmas and a prosperous New Year.

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Ballybay Credit Union Ltd is regulated by the Central Bank of Ireland