The purpose of the Credit Union is to promote thrift among its members and by the accumulation of their savings create for themselves a source of credit at a fair and reasonable rate of interest.
- Regular savings will build up a substantial share capital for you and security for the future.
- Your savings earn dividends which are paid annually.
- Free life savings insurance is provided for all members.
- Your savings are guaranteed under the Savings Protection Scheme of the Irish League of Credit Unions.
Here is a table of how a regular Credit Union savings account can help you to build up a substancial savings account:
|
Years |
£1 per week |
£5 per week |
|
5 |
£260 |
£1,300 |
|
4 |
£208 |
£1,040 |
|
3 |
£156 |
£780 |
|
2 |
£104 |
£520 |
|
1 |
£52 |
£260 |
This table does not include dividends
|