Services Life Savings Insurance

Life Savings Insurance

Life Savings Insurance

Life Savings Insurance is the life insurance cover the Credit Union provides for its eligible members as an additional incentive for them to save regularly. The amount of insurance benefit to which a member is entitled is in proportion to the mount of savings the member has, and depends on the members age at date of lodgement.

Subject to a maximum benefit set by the Credit Union, every €1 you save before the age of 55 provides €1 of insurance. Once you are over the age of 55 each €1 you save with your credit union provides the following benefit:

  • €1 saved between ages 55-59 provides €0.75 insurance
  • €1 saved between ages 60-64 provides €0.50 insurance
  • €1 saved between ages 65-69 provides €0.25 insurance

No insurance is payable on amounts saved after your 70th Birthday.

Once earned, your insurance remains in force as long as you leave your savings in your credit union. Withdrawals may affect the amount payable.

A member is eligible for the insurance cover carried by the credit union if when they begin saving they are:

  • Under the age of 70
  • Actively at work, or if not working, in good health

What are the benefits?

Depending on your age and how much you have saved with your credit union over the years, Life Savings insurance could provide your dependants with up to €3,000 on your death.

Contact Us
  • Progressive Credit Union
  • Tel: (01) 841 1348
  • Fax: (01) 841 3865
  • Email:
  • Web: www.progressivecu.ie
  • Address: Progressive Credit Union Limited is regulated by the Central Bank of Ireland. Reg. No: 226CU
About Us

Together we're Better

Progressive Credit Union now has seven offices across north Dublin and employs over 50 staff. It is governed by 11 directors and 3 individuals on the Board Oversight Committee. Our Common bond covers the following locations and surrounding areas Baldoyle, Donabate, Glasnevin, Howth-Sutton, Portmarnock, Rush-Lusk, Skerries, Swords Rivervalley, and the greater Balbriggan area including as far as Naul and Stamullen in Co. Meath.

Contact Us
  • Tel:
  • Fax:
  • Email:
  • Address:
  • +353 1 8411348
  • +353 1 8413865
  • Harper House
    43-45 Dublin Street
    Balbriggan K32 NX58
    Co.Dublin
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Progressive Credit Union Ltd is Regulated by the Central Bank of Ireland. Reg No. 226CU