Saving at The Lough Credit Union

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.

Join today

How You Can Save

Saving with The Lough is easy and there are a number of ways you can save your hard earned money, such as:

  • Lodging cash directly into your account at either of our branches
  • Using a credit or debit card at either of our branches or over the phone
  • Making an electronic funds transfer into your account using your BIC & IBAN
  • Setting up a standing order or direct debit payment
  • Setting up a weekly, fortnightly or monthly payroll deduction with your employer
  • Having any payment from the Department of Social Protection paid into your account, such as your pension or Jobseekers payment etc.