Any shares that you hold are withdrawable at no charge provided they are not held as security or a loan. We do encourage members to retain their savings and taking a loan out rather than deplete their savings as:

• They continue to earn a dividend
• They continue to benefit from the Life Savings Insurance protection
• You maintain your credit worthiness and capacity to borrow

One of the nice things members remark on is the savings habit that they build up by being a member. Small amounts of regular savings add up to substantial figures over several years. €20 saved each week adds up to €1,040 in Year 1, €2,080 in Year 2, €3,120 in Year 3 …. plus we will add a dividend to this each year and your savings are insured subject to Life Savings insurance details.

Life Savings Insurance - What is it?

Life Savings Insurance (LS) is payable on the death of the eligible member, subject to policy terms and conditions. In the case of joint accounts, the Member whose name appears first on the account is covered. The cover remains in force as long as savings remain in the Credit Union .

• All credit union members are eligible for this insurance.
• The insurance benefit payable will be a proportion of the deceased members closing savings balance.
• The size of the payment also depends on the age of the member at date of death and will decrease as the member gets older.