Tel: (091) 844306 Fax: (091) 874118 Email: mail@athenrycu.ie

Savings Savings

Small Savings Can Make Big Dreams Come True


Savings as shares in a Credit Union are a better way to save. You are not just another customer but an active member of a highly successful financial co-operative. Yes, you have a share in the ownership of the Credit Union. Along with having a say in the operation of the Credit Union you also earn dividends.

Start saving today by using electronic payments through the set up of standing orders from your bank account or by sending irregular amounts when you are able to save.
All our members now have there own IBAN and BIC number for their credit union account.  This means payments will go direct to your credit union account.
If you wish to have your wages, child benefit payments, social welfare payments or any other payments sent to your credit union account contact us now for your new IBAN and BIC details.

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Benefits of Credit Union savings

  • Savings balances over and above any loan you may have are available to you to withdraw on demand six days a week.
  • Access to uncommitted shares twenty four hours a day through the use of our new ATM.
  • High dividends for savings available on demand, you will not get a higher return at the same level of risk. **
  • Free life savings cover up to € 3,000 (subject to terms and condition)
  • A savings protection scheme through the Irish League of Credit Unions is in place to the benefit of the member up to €3,000
  • Security of savings through the credit union's fidelity bond. 
    Savings are  guaranteed up to €100,000 under the Government Guarantee Scheme.
  • There are no transaction charges or fees.

**subject to verification at Athenry Credit Union AGM

For small to medium savers your Credit Union is where you belong.

Share Accounts

Regular Share Accounts

  • Dividend rate declared at A.G.M. is posted net to members accounts.
  • No disclosure is required by Credit Union
  • Return made by Credit Union includes individual members details for new accounts opened and for members who receive a dividend in excess of €300.00

Exemptions for DIRT on Credit Union Dividends is allowed in the following circumstances:

  • From 1st January 2014 all credit union share dividends and deposit interest paid to members will be subject to DIRT, with the exception of dividend or interest paid to members who are exempt from DIRT.
  • The only members who can be exempt are:
    1. Members aged over 65 whose total income is less than the relevant limit, currently €18,000 for an individual and €36,000 for a married couple.  For married couples, only one of the spouses        needs to be over 65 years old.
    2. Members who are permanently incapacitated.  Such members should either contact their local Revenue Commissioner office directly or contact a service body such as the Irish Wheelchair Association.  Credit Unions have no role in approving the exemption in these cases.

If you do not complete the self-declaration form, the credit union will be obliged to deduct DIRT from your dividend or interest.  You will then have to apply directly to the Revenue Commissioners for a refund of this DIRT (If you are eligible)

Click to DownloadDownload Form De1 (224.5kb)

Security

  • Credit union members can rest easy in the assurance that their savings are safe. Credit Unions in Ireland, which are affiliated to the Irish League of Credit Unions, are secured in several ways:
  • All officials of credit unions, whether volunteers or staff, must be fidelity bonded.
  • Savings up to a limit of €3,000 per member are protected by the Savings Protection Scheme in all credit unions participating in the Scheme.
  • Members savings within certain limits are insured through Life Savings Insurance.
  • All monies received in the credit union are properly recorded and lodged regularly.
  • Full financial statements are prepared and can be examined by members.
  • Annual independently audited returns are lodged with the relevant authority, The Irish Financial Services Regulatory Authority.


Find Us here:
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  • Athenry Credit Union
  • Tel: (091) 844306
  • Fax: (091) 874118
  • Email: mail@athenrycu.ie
  • Web: http://www.athenrycu.ie
Athenry Credit Union is regulated by the Central Bank of Ireland and our Reg Number is 71CU