Saving with Sligo Credit Union
We encourage our members to save regularly with us
Savings Cap Information
- A monthly savings limit of €5,000* is in place.
- The overall savings limit is €35,000 for each member to have on deposit with the credit union.
Historical Savings Thresholds
| Description | July 2020 | July 2022 | July 2023 | 1st August 2024 |
| Overall Savings Limit per member | €20,000 | €15,000 | €35,000 | €35,000 |
| Monthly savings Limit* | €3,000 | €3,000 | €0 | €5,000* |
*This limit does not affect our Current Account users.
FAQs
A dividend is generally paid every year on our shares but is subject to the discretion of Sligo Credit Union at all times. The members vote at the AGM to decide the rate of dividend for the year. The member's decision is based on the surplus for the year and the recommendations of the Board of Directors.
- No hidden or additional costs
- No transaction fees
- Access to your savings on demand
- Life savings Insurance - subject to some limits and conditions
- On line access to your account
Our limit on cash available at the counter is €1,500. We will happily transfer funds directly into your bank account for you. Any funds transferred before 12.00pm will generally arrive in your account the same day by close of business or to the receivers account. Bank holidays may lead to some variations on this.
We are happy to make cheques payable to your creditors for you at no additional cost. Please see depositguarantee.ie.
