Share & Loan Insurance

One of the reasons we encourage members to save and leave their in shares untouched, is to take full advantage of our insurance cover. 100% of your shares is covered up to a maximum of €25,000 up to the age of 55, this reduces to 75% coverage on funds saved after your 55th birthday, reducing again to 50% on your 60th birthday and 25% on shares saved over 65.

Simply put, we encourage members not to touch shares after the age of 55 in an attempt to avail of as much of the 100% cover as possible up to the maximum amount of €25,000.

Funds in your credit union account will go to the nominee you have selected. You might remember completing a nomination form when you joined the credit union. If you have not completed a nomination form or are unsure if you have or have not completed one, I strongly urge you to download one now, complete it in full and return it to the credit union immediately. Failure to complete a nomination form will result in the funds held in your credit union account going to your estate i.e. probate.