Return on Savings What return do I get on my savings? Each share you hold with the credit union is eligible for a dividend when declared. A dividend is the return on your shares and is paid by the credit union out of surplus. The amount of your dividend will depend on: The amount of shares you have saved (one share is equal to €1) The surplus income available for distribution by your credit union to members

Only members of your credit union receive a dividend from your credit union. The amount paid to members varies from one credit union to another.

The dividend paid last year was 1%. This compares very favourably with other financial institutions as shares can be withdrawn from your account without giving any notice, unless they are acting as security for a loan.

Security

Members can be assured that savings at the Credit Union are secure.

All officials, whether they are volunteers or staff, must be fidelity bonded.
An independent auditor, appointed by the members at the Annual General Meeting, audits the annual accounts.