Protection of Your Savings

The Savings Protection Scheme

The Irish League of Credit Unions Savings Protection Scheme protects the individual savings of members by making sure that credit unions are financially and administratively sound and by providing remedial help to any credit union which shows signs of weakness in these areas. It is testimony to the safe and sound management of credit unions in Ireland that no member of an Irish Credit Union has ever lost money through getting into financial difficulty. Participation in this scheme is mandatory for credit unions affiliated to the Irish League of Credit Unions.

The Deposit Guarantee Scheme

Credit union members benefit from the state deposit guarantee scheme, which guarantees savings up to a limit of €100,000 per person.

Please download the Depositor Information Sheet from our Downloads page for more information

Note: Maximum savings per Member at Ardee Credit Union is currently capped at €40,000.00

Comments are closed