Members subject to tax and not qualifying for exemptions will be required to pay DIRT on their credit union dividend and interest payments. The rate of tax will be the prevailing rate announced in the Finance Act each year. DIRT is automatically deducted each year with the balance of your dividend being posted to your share account. This means you will have no further tax liability on this income.
If you are exempt please fill in a DE1 form (available from our Downloads section) and return to us in Stephen Street, Sligo or Main Street, Collooney.
From March 2015, the Credit Union is legally obliged to report to the Revenue Commissioners details of any interest or dividend greater than €300 is paid.
Deposit Guarantee Scheme
Savings (includes Shares & Deposits) are limited to €100,000 per member.
All Savings are covered by the Deposit Guarantee Scheme.
Download Deposit Guarantee Scheme information sheet from our Downloads section.