Savings
Committed To Your Financial Well Being
Saving on a regular basis makes good sense.
B.C.U. provides you with a secure place to save, with the added benefit of a dividend paid out on your savings at the year-end.
Each €1 saved is the equivalent of a single share. You’d be surprised how quickly shares build up once you set up a regular savings pattern.
As a member of B.C.U., you can rest easy in the assurance that your savings are safe. All officers of B.C.U. (volunteers or staff) are fidelity bonded.
Savings, up to a limit of €12,700 per member are protected by the Savings Protection Scheme.
Share Withdrawals
You may withdraw your shares, provided they are not pledged as security for a loan.
However, as far as possible members are encouraged to keep their savings intact, thus ensuring that:
- The shares continue to earn a dividend
- They continue to benefit from Life Savings Insurance Protection
- The member can maintain their credit worthiness and capacity to borrow
D.I.R.T., Dividend and You
As a member of Ballinasloe Credit Union you are required to declare your dividend to the Revenue Commissioners. However there are a number of options available to you to comply with Revenue requirements and/or discharge your liability at source i.e. at the credit union.........
Deposit Guarantee Scheme
Ballinasloe Credit Union is bound by the Deposit Guarantee Scheme.......
