Whether you're saving for something in the future or just for a ‘rainy day’, regular saving is a good idea. Regular saving with The Lough Credit Union is an even better idea.
We offer members basic Saving Accounts with the following benefits:
On demand withdrawals (for savings not pledged as security for a loan)
Annual dividend on savings that is automatically applied to a member's account each year when approved at AGM
Savings are insured at no direct cost to the eligible member.
Unlike other financial institutions we do not charge fees for the opening or administration of Saving Accounts
Shares up to €100,000 are protected under the government’s Deposit Guarantee Scheme
At The Lough, you’re not just a customer; you’re a member of a successful financial cooperative. You have the added bonus of knowing that your savings are being used to make loans to other members, members just like you. Please note that we have a €50,000 savings cap per member.
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