Access to this website and the use of information contained on it is governed by the terms and conditions set out below. These terms and conditions are important and are for the protection of both you and Shannon Credit Union Limited. Please take the time to read the terms and conditions carefully. By accessing and using the site you will be deemed to have accepted these terms and conditions. If you do not agree to be bound by these terms and conditions you may not continue to access and use this website or any of the features hereon.
Please note that these terms and conditions were amended on 25th May 2018 with the introduction of GDPR (General Data Protection Regulation). Shannon Credit Union Limited reserves the right to amend these terms and conditions without notice to you. It is your responsibility, and a fundamental requirement to use this website, to regularly read these terms and conditions and to inform yourself of any amendments.
In these terms and conditions the following terms shall have the meanings indicated:
• “Terms and Conditions” – means the terms and conditions of use and/or access of this website.
• “The Website” – means this website, primarily but not exclusively accessed through the web address; http://www.Shannoncu.ie
• “You” and “User” and “Visitor” – means any and all natural persons, as well as persons operating any and all computers, machines, “bots”, etc. accessing or using this website and/or availing of any information and/or services available on or via this website.
• “Member” – means any person who holds an account or accounts with Shannon Credit Union Limited subject to terms and conditions of membership who uses this website.
• "We”, “Our” and “Us” – means Shannon Credit Union Limited.
Governing Law and Jurisdiction:
Information appearing on this website is provided in accordance with and subject to the laws of the Republic of Ireland and the laws of the Republic of Ireland govern the conduct and operation of this website. Any such claims or disputes shall be resolved in accordance with the laws of the Republic of Ireland. The distribution of information on this website may be restricted by local law or regulation in certain other jurisdictions. The information is not intended for distribution to, or use by, any person or entity in any such jurisdiction and persons accessing these pages should inform themselves about and observe any such restrictions. If you are in any doubt as to whether the website can be lawfully used by you, your continued access or use of the website is prohibited.
General Terms and Conditions:
While we have made all reasonable efforts to ensure that the information on the website is accurate at the time of inclusion we do not make any warranties, undertakings or representations as to the completeness, accuracy or reliability, availability, performance or functionality of the website or any of its contents. We neither accept nor assume any responsibility to you in relation to the contents of the website and we exclude all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law. Any opinions or comments expressed on the website reflect our judgement at the date of issue and are subject to change without notice.
Any pricing is indicative and does not, and is not intended to, constitute either an offer to buy or sell or a representation that a purchase or sale can be affected at that price or rate. The information contained in the website is for information purposes only and is not an invitation or offer to invest in any securities or other financial instruments of Shannon Credit Union or any other company or an invitation or offer to buy or sell any other products or services or otherwise deal in any of these or enter into a contract with Shannon Credit Union or any third party. The information provided does not constitute any form of advice, recommendation or arrangement by Shannon Credit Union and should not be relied upon by you in connection with any financial or other decision.
You should not rely on any information contained on the website in relation to a specific issue or decision without taking independent financial, banking, investment, accounting, legal or other advice from an appropriately qualified professional adviser.
Shannon Credit Union shall not be liable to you or to any person claiming through you for any loss or damages of any nature suffered including but not limited to loss of income or anticipated savings, loss of profits, goodwill or any type of financial, punitive or exemplary, indirect or direct, consequential, special or similar loss or damages howsoever arising whether in contract, tort or otherwise and incurred and arising as a result of use of or inability to use this website.
This website contains hypertext links to: (i) associated websites maintained by Shannon Credit Union and you are warned that when you enter such websites, you will be subject to the terms and conditions of those websites which may differ from the terms and conditions of this website; and (ii) websites not maintained by Shannon Credit Union and you are warned that when you enter other websites via such hypertext links, you will not be subject to these terms and conditions and you will not benefit from the protections afforded to you in using this website. Shannon Credit Union Limited will not be liable in any way for the content, availability or use of such third party websites. Shannon Credit Union Limited hereby disclaims all liability for the content of such websites and for any damages arising from your use or access of such websites. Take notice; you use such links to such websites entirely at your own risk.
No third party is permitted to create a link from another website to this website without the prior written consent of Shannon Credit Union.
Subject to the Data Protection laws of the Republic of Ireland, Shannon Credit Union may collect and store information arising from your access or use of the website. Shannon Credit Union policy in this regard is set out in the cookies policy.
Save where otherwise appearing, the intellectual property rights and all other rights relating to the content (including without limitation, information, graphics, software, text, sounds, images, trade marks, service marks, trade names and logos) of this website belong to Shannon Credit Union.
The intellectual property rights and all other rights relating to content which is supplied in this website under licence to Shannon Credit Union belongs to the relevant licensors. Shannon Credit Union and its licensors retain all right, title, interest and intellectual property rights in the content of this website. Shannon Credit Union Limited grants personal users permission to browse this material (including making such copies in RAM or other temporary storage device necessary to facilitate such browsing).
You may not use this website in such a way so as to compromise the privacy of others, to impersonate another person or for purposes which are immoral, illegal or which destroy the integrity of any data or other computer based information or which would violate local or national laws of any country or the European Union.
In the event that any provision in these terms and conditions is held to be unenforceable or invalid, such provision shall be severed and the remaining provisions shall be enforceable to the fullest extent permitted by the laws of Republic of Ireland.
Shannon Credit Union reserves the right to suspend or withdraw access to the website as a whole and/or any one or number of the services hereon without notice at any time and accepts no responsibility for the website not being available at all times.
When you visit the website and browse through it, our web server collects information about your visit, not necessarily about you personally. We gather and monitor statistics such as, for example:
• the number of people who visit the website
• the date and time of visits
• the number of pages viewed
• the amount of time spent on the website
• the most popular sections of the website
Having access to statistics like how many people visit the website, which sections of the website are most popular with our visitors and the length of time visitors spend browsing the site is of enormous benefit to us in understanding our visitors needs and improving the service we provide to you.
The information we collect is completely anonymous and we make no attempts to identify visitors to our site. We only ask for personal information from which you can be identified where you request a service from us and the information is required for particular purposes e.g. applying online for a loan or to register for online banking. Examples of details that may be sought include your name, address, e-mail address, etc.
All information provided to us by you will be treated with the utmost confidentiality in accordance with all applicable legislative and regulatory standards such as the Data Protection Acts. If you ever decide that you no longer wish us to keep or use information or you want the information to be revised or updated, please feel free to contact us. We will remove or amend the information as appropriate in accordance with applicable legislative and regulatory requirements.
Shannon Credit Union will not divulge member information to a third party unless we have received member authorisation or we are required to do so by law. Shannon Credit Union Limited understands how important the security and confidentiality of your information is to you. Keeping member information secure is a top priority for us. Our goal is to protect your information on the Internet in the same way as we would over the phone, in branch. However, as electronic communications are open to fraud, Shannon Credit Union cannot guarantee the privacy or confidentiality of information relating to you passing over the Internet.
Shannon Credit Union will never request personal information from you by e-mail. Never respond to an e-mail you suspect may be fraudulent. If you have any concerns please call into a branch or contact Shannon Credit Union Limited on 061 362 145
A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. Data collection, processing and use are conducted for the purpose of facilitating the abovementioned objectives. This Privacy Notice is to provide you with information regarding the processing of information about you for account related purposes and other general purposes and further processing that may be necessary if you apply for a loan with us.
Our contact details are:
Address: Shannon Town Centre, Shannon, Co. Clare
Phone: 061 -362145
Data Officer – Margaret Dumas Contact – email@example.com - 061 362145
Shannon Credit Union is committed to protecting the privacy and security of your personal data. This privacy notice describes how we collect and use personal data about you during and after your relationship with us.
What personal data do we use?
We may collect, store, and use the following categories of personal data about you:
• Your name, address, date of birth, email, telephone, financial data, status and history, transaction data, contract data, details of the credit union products you hold with us, signatures, identification documents, salary, occupation, accommodation status, mortgage details, previous addresses, spouse, partners, nominations, Tax Identification/PPSN numbers, passport details, interactions with credit union staff and officers on the premises, by phone, or email, current or past complaints, CCTV footage, Health Declarations, online identifiers (i.e. cookies)
The purposes for which we use your personal data:
The credit union will use your personal data to assist it in carrying out the following:
• To open and maintain an account for you.
• To meet our obligations under the Credit Union Act 1997 (As amended).
• To contact you in respect of your account and any product or service you avail of.
• To comply with our legal obligation for example anti-money laundering obligations.
• In assessing your loan application and determining your creditworthiness for a loan.
• Verifying the information provided by you in the application.
• In order to purchase loan protection and life savings protection from ECCU.
• Conducting credit searches and making submissions to Irish Credit Bureau and the Central Credit Register.
• Administering the loan, including where necessary, to take steps to recover the loan or enforce any security taken as part of the loan including contact with Guarantors as appropriate.
• We may use credit scoring techniques to either partially or fully assess your application.
• To comply with Central Bank Regulations to determine whether you are a connected borrower or related party borrower.
• To comply with Central Bank Regulations in relation to Regulatory information requirements as detailed on the Quarterly Prudential Returns and Annual Returns to the Central Bank. This is an ongoing regulatory requirement.
• To comply with Revenue or Tax related regulatory requirements, on an ongoing basis, the credit union is legally obliged to forward certain information to the Revenue.
• Providing updates on our loan products and services by way of directly marketing to you.
• When acting as an insurance intermediary, to meet our obligations.
We may also collect, store and use the following “special categories” of more sensitive personal data:
• Information about your health, including any medical condition, health and sickness (See Insurance for further details)
We need all the categories of information in the list above to allow us to identify you, contact you, and in order that we perform our contract with you.
We also need your personal identification data to enable us to comply with legal obligations. Some of the above grounds for processing will overlap and there may be several grounds which justify our use of your personal data.
How we use particularly sensitive personal data
”Special categories” of particularly sensitive personal data require higher levels of protection. We need to have further justification for collecting, storing and using this type of personal data. We may process special categories of personal data in the following circumstances:
1. In limited circumstances, with your explicit written consent.
2. Where we need to carry out our legal obligations and in line with our data protection policy.
3. Where it is needed in the public interest, and in line with our data protection policy.
In certain circumstances, we may process this type of information where it is needed in relation to legal claims or where it is needed to protect your interests (or someone else’s interests) and you are not capable of giving your consent, or where you have already made the information public.
How secure is my information with third-party service providers?
All our third-party service providers are required to take appropriate security measures to protect your personal data in line with our policies. We do not allow our third-party service providers to use your personal data for their own purposes unless they are deemed to be controllers in their own right. We only permit them to process your personal data for specified purposes and in accordance with our instructions. Usually, information will be anonymised but this may not always be possible. The recipient of the information will also be bound by confidentiality obligations.
If you fail or decide not to provide certain personal data:
If you fail or decide not to provide certain information when requested, we may not be able to perform the contract we have entered into with you – this may have legal implications. Please ensure you take Legal Advice to assist you in making any such decisions.
Change of purpose
We will only use your data for the purpose it was provided and in ways compatible with that stated purpose.
If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which permits us to do so.
We sometimes use systems to make decisions based on personal data we have (or are allowed to collect from others) about you. This information is used for loans assessment and anti-money laundering purposes and compliance with our legal duties in that regard.
Data Retention Periods
We will only retain your personal data for as long as necessary to fulfil the purpose(s) for which it was obtained, taking into account any legal/contractual obligation to keep it. Where possible we record how long we will keep your data, where that is not possible, we will explain the criteria for the retention period. This information is documented in our Retention Policy.
Once the retention period has expired, the respective data will be permanently deleted. Please see our retention periods below.
• Accounting records required to be kept further to the Credit Union Act, 1997 (as amended) must be retained for not less than six years from the date to which it relates.
• The money laundering provisions of anti-money laundering legislation require that certain documents must be retained for a period of five years after the relationship with the member has ended.
• We keep SCU payroll income tax records for a period of six years after completion of the transactions to which they relate.
• Loan application information is retained for a period of six years from the date of discharge, final repayment, transfer of the loan.
• CCTV footage which is used in the normal course of business (i.e. for security purposes) for one month.
• Credit agreements are contracts and as such the credit union retains them for seven years from date of expiration or breach, and twelve years where the document is under seal.
• Loan applications form part of your credit agreement and as such we retain them for seven years.
Planned data transmission to third countries
There are no plans for a data transmission to third countries.
Our use and sharing of your information
We will collect and use relevant information about you, your transactions, your use of our products and services, and your relationships with us. We will typically collect and use this information for the following purposes:
Fulfilling contract This basis is appropriate where the processing is necessary for us to manage your accounts and credit union services to you
Administrative Purposes: We will use the information provided by you, either contained in this form or any other form or application, for the purpose of assessing this application, processing applications you make and to maintain and administer any accounts you have with the credit union.
Security: In order to secure repayment of the loan, it may be necessary to obtain security such as a charge on your property or other personal assets.
Third parties: We may appoint external third parties to undertake operational functions on our behalf. We will ensure that any information passed to third parties conducting operational functions on our behalf will be done with respect for the security of your data and will be protected in line with data protection law.
Guarantors: As part of your loan conditions, we may make the requirement for the appointment of a guarantor a condition of your loan agreement in order that credit union ensures the repayment of your loan. Should your account go into arrears, we may need to call upon the guarantor to repay the debt in which case we will give them details of the outstanding indebtedness. If your circumstances change it may be necessary to contact the guarantor.
Irish League of Credit Unions (ILCU) Affiliation: The ILCU (a trade and representative body for credit unions in Ireland provides professional and business support services such as marketing and public affairs representation, monitoring, financial, compliance, risk, learning and development, and insurance services to affiliated credit unions. As this credit union is affiliated to the ILCU, the credit union must also operate in line with the ILCU Standard Rules (which members of the credit union are bound to the credit union by) and the League Rules (which the credit union is bound to the ILCU by). We may disclose information in your application or in respect of any account or transaction of yours from the date of your original membership to authorised officers or employees of the ILCU for the purpose of the ILCU providing these services to us.
The ILCU Savings Protection Scheme (SPS): We may disclose information in any application from you or in respect of any account or transaction of yours from the date of your original membership to authorised officers or employees of the ILCU for the purpose of the ILCU providing these services and fulfilling requirements under our affiliation to the ILCU, and the SPS.
The Privacy Notice of ILCU can be found at www.creditunion.ie
Electronic Payments: If you use our electronic payment services to transfer money into or out of your credit union account or make payments though your debit card into your credit union account, we are required to share your data with our electronic payment service provider AIB Bank plc.
Insurance: As part of our affiliation with the ILCU, we purchase insurance from ECCU Assurance DAC (ECCU), a life insurance company, wholly owned by the ILCU. This includes Life Savings (LS), Loan Protection (LP), and optional related riders (where applicable).
If you choose to take out a loan with us, it is a term of your membership, by virtue of our affiliation with the ILCU that the credit union will apply to ECCU for Loan Protection (LP). In order that we apply for LP it may be necessary to process ‘special category’ data, which includes information about your health. This information will be shared with ECCU to allow it deal with insurance underwriting, administration and claims on our behalf.
Credit Assessment: When assessing your application for a loan, the credit union will take a number of factors into account and will utilise personal data provided from:
• your application form or as part of your loan supporting documentation
• your existing credit union file,
• credit referencing agencies such as the Irish Credit Bureau and the Central Credit Registrar
The credit union then utilises this information to assess your loan application in line with the applicable legislation and the credit unions lending policy.
Member Service: We may use information about your account to help us improve our services to you.
Legal Duty: This basis is appropriate when we are processing personal data to comply with an Irish or EU Law.
Tax liability: We may share information and documentation with domestic and foreign tax authorities to establish your liability to tax in any jurisdiction. Where a member is tax resident in another jurisdiction the credit union has certain reporting obligations to Revenue under the Common Reporting Standard. Revenue will then exchange this information with the jurisdiction of tax residence of the member. We shall not be responsible to you or any third party for any loss incurred as a result of us taking such actions. Under the “Return of Payments (Banks, Building Societies, Credit Unions and Savings Banks) Regulations 2008” credit unions are obliged to report details to the Revenue in respect of dividend or interest payments to members, which include PPSN where held.
Regulatory and statutory requirements: To meet our duties to the Regulator, the Central Bank of Ireland, we may allow authorised people to see our records (which may include information about you) for reporting, compliance and auditing purposes. For the same reason, we will also hold the information about you when you are no longer a member. We may also share personal data with certain statutory bodies such as the Department of Finance, the Department of Social Protection and the Financial Services and Pensions Ombudsman Bureau of Ireland, the appropriate Supervisory Authority if required under law.
Purpose of the loan: We are obliged to ensure that the purpose of the loan falls into one of our categories of lending.
Compliance with our anti-money laundering and combating terrorist financing obligations: The information provided by you will be used for compliance with our customer due diligence and screening obligations under anti-money laundering and combating terrorist financing obligations under The Money Laundering provisions of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 , as amended by Part 2 of the Criminal Justice Act 2013 (“the Act”) (and any subsequent AML legislation).
Audit: To meet our legislative and regulatory duties to maintain audited financial accounts, we appoint an external and internal auditor. We will allow the internal and external auditor to see our records (which may include information about you) for these purposes.
Nominations: The Credit Union Act 1997 (as amended) allows members to nominate a person(s) to receive a certain amount from their account on their death, subject to a statutory maximum. Where a member wishes to make a nomination, the credit union must record personal data of nominees in this event.
Incapacity to Act on your account: The Credit Union Act 1997 (as amended) provides, in the circumstances where you become unable to transact on your account, due to a mental incapability and no person has been legally appointed to administer your account, that the Board may allow payment to another who it deems proper to receive it, where it is just and expedient to do so, in order that the money be applied in your best interests. In order to facilitate this, medical evidence of your incapacity will be required which will include data about your mental health. This information will be treated in the strictest confidentiality.
Credit Reporting: Where a loan is applied for in the sum of €2,000 or more, the credit union is obliged to make an enquiry of the Central Credit Register (CCR) in respect of the borrower. Where a loan is granted in the sum of €500 or more, the credit union is obliged to report both personal details and credit details of the borrower and, in due course, any guarantor to the CCR.
Connected/Related Party Borrowers: We are obliged further to Central Bank Regulations to identify where borrowers are connected in order to establish whether borrowers pose a single risk. We are also obliged to establish whether a borrower is a related party when lending to them, i.e. whether they are on the Board/Management Team or a member of the Board/ Management teams family or a business in which a member of the Board /Management Team has a significant shareholding.
Legitimate interests A legitimate interest is when we have a business or commercial reason to use your information. But even then, it must not unfairly go against what is right and best for you. If we rely on our legitimate interest, we will tell you what that is.
Credit Assessment and Credit Reference Agencies:
When assessing your application for a loan, as well as the information referred to above in credit assessment, the credit union also utilises credit data from credit referencing agencies such as the Irish Credit Bureau and the Central Credit Registrar [See legal duty]. our legitimate interest: The credit union, for its own benefit and therefore the benefit of its members, must lend responsibly and will use your credit scoring information in order to determine your suitability for the loan applied for. When using the service of a credit referencing agency we will pass them your personal details and details of your credit performance.
ICB are using Legitimate Interests (GDPR Article 6 (f)) as the legal basis for processing of your personal and credit information. These Legitimate Interests are promoting greater financial stability by supporting a full and accurate assessment of loan applications, aiding in the avoidance of over-indebtedness, assisting in lowering the cost of credit, complying with and supporting compliance with legal and regulatory requirements, enabling more consistent, faster decision-making in the provision of credit and assisting in fraud prevention.
Please review ICB’s Fair Processing Notice which is available at http://www.icb.ie/pdf/Fair Processing Notice.pdf. It documents who they are, what they do, details of their Data Protection Officer, how they get the data, why they take it, what personal data they hold, what they do with it, how long they retain it, who they share it with, what entitles them to process the data (legitimate interests), what happens if your data is inaccurate and your rights i.e. right to information, right of access, right to complain, right to object, right to restrict, right to request erasure and right to request correction of your personal data.
Debt Collection: Where you breach the loan agreement we may use the service of a debt collection agency, solicitors or other third parties to recover the debt. We will pass them details of the loan application in order that they make contact with you and details of the indebtedness in order that they recover the outstanding sums. Our legitimate interest: The credit union, where appropriate will necessary take steps to recover a debt to protect the assets and equity of the credit union
Judgements Searches: In certain circumstances we carry out searches in Stubbs Gazette in order to assess credit worthiness to repay a loan.
Our legitimate interest: The credit union, for its own benefit and therefore the benefit of its members, must lend responsibly and will use your credit history in order to determine your suitability for the loan applied for. In carrying out such a search we can better determine your overall financial position in order to lend to you.
CCTV: We have CCTV footage installed on the premises with clearly marked signage. The purpose of this is for security, public safety and the prevention and detection of fraud. Our legitimate interest: With regard to the nature of our business, it is necessary to secure the premises, property herein and any staff /volunteers/members or visitors to the credit union and to prevent and detect fraud.
We will only carry out the below processing when we have obtained your consent and will cease processing once you withdraw such consent.
Marketing and Market Research
To help us improve and measure the quality of our products and services we undertake market research from time to time. This may include using the Irish League of Credit Unions and/ specialist market research companies. See section on Your Marketing Preferences.
This credit union is involved with the Art competition in liaison with the ILCU. Upon entry you will be given further information and asked for your consent to the processing of personal data. Your information is processed only where you have given consent. Where the person providing consent is below 16* then we ask that the parent/legal guardian provide the appropriate consent. The ILCU will ensure that a separate privacy notice is included in all Art Competition entry forms.
This credit union is involved in the Schools Quiz in liaison with the ILCU. The Schools Quiz is open to entrants aged 4 to 13. Upon entry parent/legal guardians will be given further information and asked for their consent to the processing of their child’s personal data. This information is processed only where consent has been given. Where the person providing consent is below 16* then we ask that the parent/legal guardian provide the appropriate consent. The ILCU will ensure that a separate privacy notice is included in all School Quiz entry forms.
Your Rights in connection with your personal data are to:
To find out whether we hold any of your personal data and if we do to request access to that data that to be furnished a copy of that data. You are also entitled to request further information about the processing.
Request correction of the personal data that we hold about you. This enables you to have any incomplete or inaccurate information we hold about you rectified.
Request erasure of your personal information. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have exercised your right to object to processing (see below).
Object to processing of your personal data where we are relying on a legitimate interest (or those of a third party) and there is something about your particular situation which makes you want to object to processing on this ground. You also have the right to object where we are processing your personal data for direct marketing purposes.
Request the restriction of processing of your personal information. You can ask us to suspend processing personal data about you, in certain circumstances.
Where we are processing your data based solely on your consent you have a right to withdraw that consent at any time and free of charge.
Request that we: a) provide you with a copy of any relevant personal data in a reusable format; or b) request that we transfer your relevant personal data to another controller where it’s technically feasible to do so. ‘Relevant personal data is personal data that: You have provided to us or which is generated by your use of our service. Which is processed by automated means and where the basis that we process it is on your consent or on a contract that you have entered into with us.
You have a right to complain to the Office of the Data Protection Commissioner (ODPC) in respect of any processing of your data by:
Telephone +353 57 8684800 +353 (0)761 104 800
Lo Call Number 1890 252 231
E-mail firstname.lastname@example.org Postal Address: Data Protection Commissioner
Canal House Station Road
Portarlington R32 AP23 Co. Laois
Please note that the above rights are not always absolute and there may be some limitations. If you want access and/ or copies of any of your personal data or if you want to review, verify, correct or request erasure of your personal information, object to the processing of your personal data, or request that we send you or a third party a copy your relevant personal data in a reusable format please contact the Data Officer in writing using their contact details below.
There is no fee in using any of your above rights, unless your request for access is clearly unfounded or excessive. We also reserve the right to refuse to comply with the request in such circumstances.
We may need to verify your identity if we have reasonable doubts as to who you are. This is another appropriate security measure to ensure that personal data is not disclosed to any person who has no right to receive it. As necessary we will need to contact you in this respect.
Ensuring our information is up to date and accurateWe want the service provided by us to meet your expectations at all times. Please help us by telling us straightaway if there are any changes to your personal information. If you wish to avail of either of these rights, please contact:
The Data Officer, email: email@example.com, Shannon Town Centre, Shannon, Co. Clare – Telephone 061-362145