Savings Accounts

Types of PCU Savings Accounts

Share Accounts

When you open a Share Account to save with the Credit Union, you become a part owner of our successful financial co-operative. This means that along with having a say in the operation of the organisation, you may earn dividends on your savings.

Please note that dividends paid to members are subject to DIRT, and that DIRT returns completed by the Credit Union will not include any individual member's details.

Control Account

The CU Control Account allows you to set up direct debits to and from your account to pay household bills or to transfer funds to other accounts. You can do this online using our app or in any of our branches.

Smart Saver Account

If you find it too easy to access your savings, our new Smart Saver Account may be for you. The only difference between this account and the Share Account is that you will not have online access to your savings.

Benefits of Credit Union savings

• Savings balances over and above any loan you may have are available to you to withdraw on demand.
• Free life-cover on savings (subject to terms and conditions).
• A savings protection scheme is in place to the benefit of the member.
• There are no transaction charges or fees.

Security

• Credit Union members can rest easy in the assurance that their savings are safe. Credit Unions in Ireland, which are affiliated with the Irish League of Credit Unions, are secured in several ways.
• All officials of Credit Unions, whether volunteers or staff, must be fidelity bonded.
• Members' savings within certain limits are insured through Life Savings Insurance.
• All monies received in the Credit Union are properly recorded and lodged regularly.
• Full financial statements are prepared and can be examined by members.
• Savings are covered by the Deposit Guarantee Scheme.

• Annual independently audited returns are lodged with the relevant authority, The Central Bank of Ireland.