Savings with Athlone Credit Union

Savings with Athlone Credit Union

Savings or Shares in Athlone Credit Union Limited are a better way to save. You are not just a ‘customer’ but an owner / member of a  successful financial co-operative and you have a share in the ownership of the credit union. Along with having a say in the operation of the credit union at AGM, you also earn a dividend on your shares and interest on deposits held during the year.

From 01 Oct 2010 shares above €50,000 are classed as deposits and attract a similar or different rate of return than Shares – which attract a dividend  set at each AGM and applied retrospectively. However, like shares, all deposits with Athlone Credit Union Limited are held on demand.

Benefits of Credit Union savings

  • Savings balances over and above any loan you may have are available to you to withdraw on demand.
  • Free savings cover on shares held up to € 7,700 (subject to t and c’s) .
  • There are no transaction charges or account fees.
  • Free Savings Cover in the event of death standard terms and conditions apply.

Special Share Accounts

  • Interest is posted net of DIRT to Special Share Accounts- unless a member is exempt from DIRT and has Revenue Exemption on file using a form DE1.
  • Returns made by the credit union do not include individual members details.