Low Student Rate
Open To All Members
You Need To Become A Member
Closing Date:
Friday 6th October 2023
1 student will win €4,000
The Pat Woods Scholarship
The Pat Woods Scholarship
Our Student Services:
- Student Loans at 7.23% APR with usual flexible terms
- APP for your smartphone with free services
- Online & Mobile banking
- Sort Code / BIC / IBAN to transfer money anywhere or pay bills
- Free day to day banking
- Mastercard debit card with contactless
- Overdraft for emergency funds
- Access to Mastercard priceless cities
Contact us and see if we can help!
Learn more about our Student Current Account Here
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. This card is issued by Transact Payments Malta Limited pursuant to licence by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C91879. East Coast Credit Union is regulated by the Central Bank of Ireland.
How it works
Applications can be:
1. Emailed to: marketing@eastcoastcu.ie ;
2. Fill in the ‘Student Scholarship Application’ web form @ www.eastcoastcu.ie/community & email supporting documents to: info@eastcoastcu.ie;
3. Posted or Dropped in by hand to: The Pat Woods Scholarship, East Coast Credit Union, Main street, Bray
All applications will be assessed and members will be notified if they have or have not been selected to come forward for a brief interview to discuss their application.
Maximum course duration for each winner is 4 years with a minimum duration of 1 year. The scholarship is worth up to €1,000 each year for a maximum of 4 years.
Each year this fee is paid directly to the college once exams are passed each year.
Please provide proof of identification, date of birth and address (attached to the application form).
Please provide proof of enrolment on the chosen course / apprenticeship (attached to the application form).
Please post or drop in your full application: The Pat Woods Scholarship, East Coast Credit Union Ltd, Vevay Road, Bray, Co. Wicklow. Or Email your full application to: info@eastcoastcu.ie; All applicants will receive an email confirming receipt of their application.
Terms and Conditions
1. You must be a member of East Coast Credit Union for at least 2 weeks.
2. Your account must be active with at least €50 or more shares on or before Friday 6th October 2023.
3. Applications received after 5 pm on Friday 6th October 2023 cannot be accepted.
4. You must be over 16 years of age.
5. Upon approval or decline you will be notified by a member of East Coast Credit Union Ltd in writing by email or by post at the address provided on the application form.
6. The winning applicant must agree to promotional activities including photographs in print and on digital media.
7. The winner will be chosen by an Independent Group of Judges after reviewing all applications and shortlisting a group to proceed individually for a brief interview discussing the essay ‘why I should qualify for The Pat Woods Scholarship.’
8. The course must be maximum 4 years and minimum 1 year with up to €1,000 maximum payment each year. No cash payments made. Payment is made directly to college /university/apprenticeship after proof of acceptance is obtained.
9. On successful completion of all exams payment of the 2nd and subsequent years will be made in the September of each year.
10. Private colleges, all Ireland Institutions, 1-year courses and apprenticeships are accepted.
11. Terms and conditions apply. The decision by the Independent Group of Judges at each and every stage is final.
Our previous winners who are amazing ambassadors for East Coast Credit Union:
- 2022: Holly Leech & Jason Doyle
- 2021: Emma Arnold & Bobby Kavanagh
- 2020: Joseph Dillon & Katie O’Brien
- 2019: Emily Woods
- 2018: Kate Flynn
- 2017: Lily Boyle
- 2016: Liam Morgan & Ruth Aherne
About Pat Woods
In memory of the late Pat Woods, we have dedicated our scholarship in his memory. Pat’s involvement with East Coast Credit Union extends to the 1960’s. He served on the voluntary Board of Directors during which time he actively participated in credit union courses, served twice as the credit union’s treasurer and diligently served on the management committee of the Credit Union Development Association (CUDA). Pat was one of a kind and irreplaceable.
Student Loan Example
A loan of €3,000 over 2 years with 24 monthly instalments costs €134 per month at a variable rate of 7% (Annual Percentage Rate (APR) 7.23%). The total amount you pay is €3,224 cost of credit is €224. Variable rates may increase which would cause the cost of credit to increase.
Terms & Conditions Apply – whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at East Coast Credit Union. It does not constitute a loan offer.
Loans are subject to approval. Terms and conditions apply.
*APR Annual Percentage Rate
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.