Savings
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.
- 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.
By saving regularly in a Credit Union, you can build up a substantial savings account as the table below shows:
| If you saved each week | In 1 Year | In 3 Years | In 5 Years |
| £1 | £52 | £156 | £260 |
| £5 | £260 | £780 | £1,300 |
| £10 | £520 | £1,560 | £2,600 |
This table does not include dividends.
The rate of dividend will vary from year to year and is dependent on the financial performance of the Credit Union. Bad loans affect the amount of dividend paid out.