The purpose of the Credit Union is to promote thrift among its members and by the accumulation of their savings create for themselves a source of credit at a fair and reasonable rate of interest.

• Regular savings will build up a substantial share capital for you and security for the future.
• Your savings earn dividends which are paid annually.
• All members’ savings are included in any free draw for savers which may be organised from time to time by your Credit Union.
• Free life savings insurance is provided for all eligible members.
• Your savings are guaranteed under the Savings Protection Scheme of the Irish League of Credit Unions.
• You can have a maximum of £39,350 savings in your Credit Union.

Savings Withdrawal

You may withdraw your Credit Union savings upon request.  However, the withdrawal of savings that are pledged as security against a loan must be referred to Credit Committee for approval.  Ordinarily, pledged savings may not be withdrawn.

Members are encouraged to consider taking a loan to meet their needs, thereby keeping their savings (and the insurance they earn) intact.