DEBIT CARD, ONLINE BANKING LAUNCHED AT MONAGHAN CREDIT UNION

New services for members as study shows high level of public trust in credit unions

Monaghan Credit Union Limited has launched the new MYCU Debit Mastercard®, from CUSOP. It’s among 16 across the country who offer the MYCU Debit Card and Current Account. The MYCU debit card is part of the Mastercard network and is now available to members. To mark the occasion, electronic payments company CUSOP commissioned a survey of 1000 people which highlights the high level of trust among the public in the credit union movement, showing: • 65% of the general public trust credit unions more than their local bank – that figure rises to 86% among credit union members • 71% of people would use a credit union for a debit card or current account if they didn’t already have one • 75% of credit union members would like to be able to speak to someone directly in branch if needed The study also examined the impact of the pandemic on our saving, spending and financial planning habits and…