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Are my savings secure?

Credit Unions in the Republic of Ireland are covered by the Deposit Protection Scheme which is administered by the Financial Regulator. This is a scheme that can provide compensation to depositors if a credit institution is forced to go out of business.

It covers deposits held with Banks, Building Societies and Credit Unions.

The maximum amount a Credit Union member can receive under this scheme is €100,000.

The Deposit Guarantee Scheme covers:

  • Current accounts;
  • Demand deposit accounts;
  • Term deposit accounts;
  • Share accounts and deposit accounts with Building Societies;
  • Share accounts and deposit accounts with Credit Unions.

In addition to this, the Savings Protection Scheme (SPS) owned and operated by the Irish League of Credit Unions is also available to pro-actively intervene to protect members’ savings by making available financial assistance to help any Credit Union which may experience difficulties.

Also, members’ savings are insured through Life Savings insurance.

Ballinasloe Credit Union (Our Lady of Lourdes) Limited
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LOAN FEATURES
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Quick Loan Enquiry
Your name
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LOAN FEATURES
Loan Term
Are you a member?
Loan Amount €
No Fees
No Gimmicks
Flexible Repayments
Free Loan Protection
Free Life Insurance
Send Enquiry
Leave your details below and we'll call you back.
Quick Loan Enquiry
Your name
Email Address
Phone
LOAN FEATURES
Loan Term
Are you a member?
Loan Amount €
No Fees
No Gimmicks
Flexible Repayments
Free Loan Protection
Free Life Insurance
Send Enquiry
Leave your details below and we'll call you back.
Quick Loan Enquiry
Your name
Email Address
Phone
LOAN FEATURES
Loan Term
Are you a member?
Loan Amount €
No Fees
No Gimmicks
Flexible Repayments
Free Loan Protection
Free Life Insurance
Send Enquiry
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Quick Loan Enquiry
Your name
Email Address
Phone
LOAN FEATURES
Loan Term
Are you a member?
Loan Amount €
No Fees
No Gimmicks
Flexible Repayments
Free Loan Protection
Free Life Insurance
Send Enquiry
Leave your details below and we'll call you back.
Quick Loan Enquiry
Your name
Email Address
Phone
LOAN FEATURES
Loan Term
Are you a member?
Loan Amount €
No Fees
No Gimmicks