01 September 2022
Getting College Ready With Altura Credit Union
ILCU & Spunout Key Findings
Students have voiced their concerns by participating in a survey conducted by the Irish League of Credit Unions (ILCU) and spunout, Ireland's youth information site. Findings suggest that over (50%) of students struggle to afford their living expenses, (88%) of students worry about money, while (40%) of respondents worry about money a lot of the time including rent and accommodation.
Finding a job, travel expenses, college fees and books were also concerns faced by participants.
In the aim to cover expenses (71%) of students secure a part time position, (59%) avail of support from their parents, while (40%) receive a student grant.
How To Become A Member Of Altura Credit Union
It is now easier than ever to join Altura Credit Union. All you need to do is download our Mobile App and take full advantage of joining as you go or from the comfort of your home.
Secure Facial Verification can easily and quickly verify who you are by simply taking a quick selfie.
For all accounts you will need to supply Valid Photo ID, Proof of Your PPSN (excluding Public Services Card and Social Welfare Card), Recent Proof of Address (within 3 months). Students can supply their College Offer as Proof of Address providing the letter contains the Students Name, Address, Date and the Institution they will be attending.
- Download Our Mobile App.
- Provide Proof of ID.
- Complete The Form.
- Verify Your Identity.
- Upload Required Documentation.
- Sit back and wait for us to Review and Approve your Membership.
Third-Level Student Loan
At Altura Credit Union, we are aware that the costs associated with third level education can be a huge financial concern for students and parents which may result in the need to borrow. Students may borrow for Accommodation Purposes, Transport, Laptop etc. We believe that college should be about learning and developing. A credit union student loan is a far less expensive way to borrow money for college than using a credit card or a high-cost moneylender.
Here at Altura Credit Union, we provide a special student loan with an affordable rate of 4.9% (5.1% APR). There are no hidden payments, transactional fees or early repayment fees.
How To Apply
Once the student has become a Member and has received an offer ensure there is at least €60 in savings. Required documentation including Proof of Your Course (CAO offer), Proof of Fees (letter/email), Proof of Income (if any), Proof of Guarantors Income (3 payslips) which can be uploaded online from the comfort of your home.
A guarantor will be required for Third-Level Student Loans. Guarantors will be required to provide some information regarding their own circumstances.You can plan ahead & be prepared by completing this form and including it during application.
*All findings, The national study was conducted by the Irish League of Credit Unions (ILCU), and carried out by spunout - Ireland's youth information website, in September 2021.