Tel: (091) 844306 Fax: (091) 874118 Email:

About Us Insurance

Credit unions make available Life Savings and Loan Protection insurance cover on the lives of eligible saving and borrowing members. There is no additional cost to the member.

The Insurance is underwritten by a credit union owned insurance company, ECCU Assurance Co. Ltd.

Life Savings insurance

Life Savings insurance is the life insurance cover a credit union provides for its eligible members as an additional incentive for them to save regularly in the credit union. The amount of insurance benefit to which a member is entitled is in proportion to the amount of savings the member has, and depends on the member's age at date of lodgement. A member is eligible for the insurance cover carried by the credit union if when he saves he is:

  • Actively at work, or if not working, in good health.
  • Under the age of 70 years.
  • In the case of joint accounts both members are covered. Once earned, the insurance remains in force - as long as you leave your savings in the credit union.

Loan Protection insurance

Everyone is nowadays advised to take out insurance to cover outstanding loans in case of death or permanent disability. In credit unions the savings and loan balances of all eligible members are automatically covered (up to certain limits) at no extra cost to the member. This means that you can borrow in the full confidence that your dependants will be protected against this debt in extreme circumstances. There are added advantages to this insurance, and some special conditions.

Loan Protection insurance is the insurance cover a credit union provides on the lives of its borrowing members.

Should an insured borrower die, or (under most contracts) become totally and permanently disabled, the insurance cover provides that the loan is repaid in full. If a credit union member - who is eligible for insurance cover and who has signed a promissory note - dies with a loan outstanding, the loan balance is paid in full by the insurer.

Under our policy death cover ceases on the eligible member's 80th birthday. There is no facility for increasing this age limit.

In the case of joint accounts, both members are eligible once they both sign the promissory note.

Please note, both for Life Savings and Loan Protection insurance:

  • You must check with the credit union for details of cover provided.
  • Athenry credit union pays the premium out of its earnings. In other words, members pay no individual charge

Find Us here:
  • Athenry Credit Union
  • Tel: (091) 844306
  • Fax: (091) 874118
  • Email:
  • Web:
Athenry Credit Union is regulated by the Central Bank of Ireland and our Reg Number is 71CU