Loans are available to members by application to the Credit Union. The current interest rate on loans is charged at 0.75% (APR 9.38%) on the ourstanding monthly loan balance. The effective rate charged by Credit Union has always been very competitive with Banks/Building Societies despite the apparent difference in rates. The is because of the differing methods used in calculating interest. Maximum Loans to members is Euro39,000 and Euro15,000 to new members.