Why Save?
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 St. Jarlath’s Credit Union is an even better idea. You
are not 'just another customer', but an active member of a highly
successful financial co-operative, which provides security and protection
for your savings, along with an annual dividend.
Once you start savings regularly your funds build up quickly. Each share
saved (one share is equal to €1) is eligible for a dividend at the end of
the year. The more savings you have the more dividend 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. You
must have €20.00 in your share account to be a member of the credit union
and avail of all the facilities afforded to members.
Benefits of Savings
- Annual dividend paid on your savings at the end of the year
- Members savings (up to certain limits) are insured at no direct cost
through the Credit Union Life Insurance Scheme
- Easy access to your savings if you wish to make a withdrawal (once not
pledged against loans)
- No hidden charges or fees on any transactions
- Savings Protection Scheme for members free of charge
- All savings of up to €100,000 are State Guaranteed under
new government scheme.
Your Savings, Your Credit Union
St. Jarlath’s Credit Union is owned and controlled by its 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.
