Savings as shares in a Credit Union are a better way to save. You are not only improving your own financial status but you are creating a co-operative to provide loans and other services for the betterment of all Credit Union members. You have the added bonus of knowing that your savings are being used to make loans to other members, just like you.
The Credit Union encourages saving on a regular basis. Whether you’re saving for something in the future or just for a rainy day, regular saving is a good idea. Savings provide the capital for funding loans. Regular savings allow you to build a track record before applying for a loan.

You can save using any of the following methods:
• Electronic Funds Transfer.
• Direct Debit – simply complete a direct debit mandate form available in branch or online.
• Get your wages paid directly into the Credit Union using Electronic Fund Transfer (EFT).
• Put a small sum away directly from your wages every month using the Salary deduction.
• Simply call into our office and pay over the counter.

DIRT (Deposit Interest Retention Tax)
• All relevant dividends and interest earned in accounts in the credit union are subject to DIRT tax at the prevailing rate. The dividend is posted net to the account every year.
• There are a number of exemptions allowed for by law.
o For more info visit revenue.ie
o Visit our Downloads section to download a DIRT exemption form.

Life Savings Insurance is provided on Savings up to a maximum of €3,000 at no extra charge to the member, subject to terms and conditions. The amount of insurance benefit payable on the death of the member is based on the age of the member at the time the savings were lodged.