Share Accounts

Enjoy the benefits of a Share Account

Every euro in your share account is also a share in the Credit Union, it’s a share in your credit union. Becoming a member carries many benefits and joining is easy: 

Key Points:

The minimum Shares per account is €5.
New Accounts opened are called 'Special Share' accounts.
A dividend is paid annually (surplus permitting)*
Life Savings Insurance on all shares (plus Deposits) – maximum cover €12,700.
Maximum payable from the Life Savings Insurance to a nominated beneficiary is €23,000  (surplus to the estate).

* As of 1st January 2014 all Credit Union share dividend and deposit interest paid to members will be subject to DIRT (members aged 60 and over excepted). Members 65 years of age and over may be exempt from paying D.I.R.T on deposit interest. Total income must be less than €18,000 for an individual and €36,000 for a couple. (Subject to change, see www.revenue.ie for full details).

Note: Loan taken from the Credit Union results in shares frozen as loan security for the duration of the loan term. A DE1 form (to claim exemption from D.I.R.T) can be downloaded by clicking on the link below or can be obtained from the Credit Union office.

If you do not complete the self-declaration form, the credit union will be obliged to deduct DIRT from your dividend or interest. You will then have to apply directly to the Revenue Commissioners for a refund of this DIRT (if you are eligible)