Benefits of saving with your Credit Union
The savings of each member is guaranteed by the Irish Government up to the sum of €100,000
Free life savings insurance cover on saving up to € 5,000 (subject to terms and condition).
Dividends paid on savings are available to withdraw on demand.
Peace of mind that your savings are secure. Online and mobile account access
Savings balances over and above any loan you may have are available to you to withdraw on demand.
There are no transaction charges or fees.
Share Accounts
- Member must request in writing that their account be changed to a Special Share account.
- Dividend paid to member net of DIRT.
- Return made by Credit Union does not include individual members details.
- Member can hold both a regular or special share account but not both
Security
- Credit union members can rest easy in the assurance that their savings are safe. Credit Unions in Ireland, which are affiliated to the Irish League of Credit Unions, are secured in several ways:
- All officials of credit unions, whether volunteers or staff, must be fidelity bonded.
- Members savings within certain limits are insured through Life Savings Insurance.
- All monies received in the credit union are properly recorded and lodged regularly.
- Full financial statements are prepared and can be examined by members.
- Independently audited financial accounts are lodged with the relevant authority, The Central Bank Of Ireland.
Not a Member? No problem.
Our Credit Union lets people in the community come together to save and borrow money at low rates, and is operated on a not-for-profit basis, with surpluses being returned to members.
