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Dear Members,
Please be advised that from March 31st 2019, the maximum amount that can be lodged to your account for saving per month is €2000. The Board feel that €2,000 is a reasonable amount, and well above the average members saving trends.
We will not accept transfer of funds above that amount by Cheque, EFT or S/O, funds will be returned.
the Credit Union has placed an upper limit on total savings of €30,000 per member, and a monthly limit of €2,000 which allows members to save a reasonable amount of funds for their future needs.

Credit Union savings are known as shares. Hence the return on savings is called a dividend. Each share has a value of €1. Savings provide the capital base for funding loans.

Savings Security

Credit Union members can rest easy in the assurance that their savings are safe. Credit Unions in Ireland affiliated to the Irish League of Credit Unions (ILCU) are secured in several ways:

All officials of Credit Unions whether volunteers or staff are fidelity bonded.

Savings up to a limit of €7,600 per member are guaranteed by the Savings Protection Scheme operated by ILCU.

Members savings (subject to certain limits) are insured through Life Savings Insurance.

Full financial statements are available on request.

Annual independently audited returns are lodged with the relevant authority, Central Bank of Ireland.

Savings Accessibility

Uncommitted savings are available 5 days a week, ( maximum  cash sum of €2,000 daily)

savingsSummary

Saving regularly:

  • Demonstrates your ability to meet future loan commitments
  • Secures your reputation within the Credit Union
  • Builds a nest egg for you and your family.

 

Save by Standing Order

Arrange a standing order from your bank and be sure of regular payments to your Credit Union account. We will send you a statement showing all transactions twice a year. Find this form in our Downloads Section.