First Choice Credit Union – here to help with back to school costs.

Despite the pandemic lockdowns and children being home-schooled for the early part of the year, back to school spending is already on the minds of parents as they prepare for the new school year.

The latest Irish League of Credit Unions (ILCU) survey on back to school costs shows the overall spend on school items is up for both primary and secondary schools. The cost of sending a child to primary school this coming year is just shy of €1,200 at €1,186, up €65 on last year, while parents of secondary school children can expect to pay an average of €1,491, up from €1,467 last year.

Shane Melia, Marketing Officer of First Choice Credit Union said the Credit Union is aware that covering the costs of back to school can be a big struggle for parents “We are aware that back to school costs can place huge financial pressure on families. We want to reassure parents throughout our community that the Credit Union is here to help, for anyone who needs help, be it with budgeting for the back-to-school spend, or taking out a loan to help cover the costs. We understand that these costs can be financial burden.”

“Our message to our members would be to come and talk to us here at First Choice Credit Union. We endeavour to meet parent’s financial needs and are here to lend a helping hand to cover the costs of back to school. Our Personal Loan, with an interest rate of 11.95%*, is typically approved within 24 hours and there are no hidden transaction fees or charges. As always, we are happy structure repayments in a way that suits individual circumstances. We are more than happy to assist anyone who might need a little extra financial assistance at back to school time.”

To view the full roundup of survey results, please click here: Full Survey Results

* For a €1,000, 1 year variable interest rate loan with 52 weekly repayments of €20.43, an interest rate of 11.95%, a representative APR of 12.68%, the total amount payable by the member is €1, 061.91. Information correct as at 15/07/2021.

For more information our personal loan please click here: Personal Loan Information