Why Save With St. Brigid’s Credit Union?

We provide you with a secure place to save, whether you’re saving for something in the future or just for a ’rainy day’, regular saving is a good idea. With St. Brigid’s Credit Union, it’s even better because as a member you’re an owner with your say on how the credit union is run. Any profit the credit union makes is invested in services or returned to you the member. What’s more, by saving regularly you not only help yourself, you also help your community as your savings provide a loan fund for other Credit Union members.

Benefits of Savings

  • Deposit Guarantee Scheme (€100,000 per depositor)
  • Members savings’ (up to certain limits) are insured at no direct cost through the Credit Union Life Insurance Scheme – for more details see Insurance section
  • Easy access to your savings if you wish to make a withdrawal (once not pledged against loans)
  • No hidden charges or fees on any transactions
  • Benefit of the Savings Protection Scheme from ILCU (subject to certain limits)

How Can I Lodge Savings to My Account?

  • By lodging money directly at the counter with a member of staff
  • Using the express lodgment facility in our office
  • By setting up a Standing Order from your bank account
  • By Salary deduction with an employer offering this service


Can I Withdraw My Money?

Savings can be withdrawn from St. Brigid’s Credit Union provided the savings are not pledged as security on a loan or a loan you have guaranteed. You are encouraged to keep your savings intact, so that:

  • They continue to earn a dividend
  • They continue to benefit from the Life Savings Insurance protection
  • You maintain your credit worthiness and capacity to borrow

To make a withdrawal, members must present their passbook or some form of identification.

For security reasons, cash levels in St. Brigid’s Credit Union are kept to a minimum; however we are happy to make cheques payable to your creditors for you at no additional cost.

Dividend Explained

A dividend is the return on your shares and it is paid by the Credit Union out of surplus funds available each year. Every share you hold with St. Brigid’s Credit Union for the year is eligible for a dividend. The dividend rate is approved by our members at our Annual General Meeting.

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