Life Savings Insurance
The amount of insurance benefit to which a member is entitled is in proportion to the amount of savings the member has, and depends on the members age at date of lodgement.
Subject to a maximum benefit set by the Credit Union, every €1 you save before the age of 55 provides €1 of insurance. Once you are over the age of 55 each €1 you save with your credit union provides the following benefit:
| Age Limits | % of savings covered | |
| Up to age 55 | 100% insured on balance or lowest balance thereafter | i.e. you will receive an extra 100% of your savings that are in your account up to a maximum of €3,000 |
| Age 55-60 | 75% insured on balance or lowest balance thereafter | i.e. you will receive an extra 75% of your savings that are in your account up to a maximum of €3,000 |
| Age 60-65 | 50% insured on balance or lowest balance thereafter | i.e. you will receive an extra 50% of your savings that are in your account up to a maximum of €3,000 |
| Age 65-70 | 25% insured on balance or lowest balance thereafter | i.e. you will receive an extra 25% of your savings that are in your account up to a maximum of €3,000 |
No insurance is payable on amounts saved after your 70th Birthday.
Once earned, your insurance remains in force as long as you leave your savings in your credit union. Withdrawals may affect the amount payable. A member is eligible for the insurance cover carried by the credit union if when they begin saving they are:
Under the age of 70 Actively at work, or if not working, in good health
We offer many services aimed at improving access to financial services and encouraging financial inclusion.
Enjoy all the benefits of a modern, digital financial services provider, with the added advantage of being local.
