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Saving with a credit union
How your credit union savings account works
Benefits of credit union savings
Withdrawals
Your savings - your credit union
Saving money is a good idea. By putting a little aside on a regular basis,
you not only have something to look forward to, you also have something to
fall back on, should the need arise.
Saving money with the credit union is an even better idea. You're not 'just
another customer', but an active member of a highly successful co-operative,
which provides security and protection for your savings, along with an excellent
dividend.
Once you start saving regularly your funds build up quickly. Each share saved (1 share = €1) is eligible for a dividend at the end of the year. The more savings you have the more dividends you receive. By saving regularly you not only help yourself, you also help your community as your savings provide a loan fund for other credit union members.
Members can withdraw their credit union savings provided they are not pledged as security for a loan. However, as far as possible, you, the member, are encouraged to keep your savings intact, thus ensuring:
The credit union is owned and controlled by its own members and every member has a vote irrespective of the size of their savings. The credit union exists only to benefit its members and all monies received by the credit union are used for the mutual benefit of all its members.
