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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 Savings Accounts with the Following Benefits:
On demand withdrawals- Annual dividend on savings when approved at AGM
- Free savings insurance for each member
- No fees or charges on your savings account – unlike other financial institutions
- Protection of shares up to €100,000 under the government’s Deposit Guarantee Scheme
- Online banking, direct debits and EFT facilities to add to your savings or dip into them when needed
- You have the added bonus of knowing that your savings are used to better the Cork community by making loans to other members. Members just like you.
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How You Can Save
Saving with The Lough Credit Union is easy and there are a number of ways you can save your hard earned money, such as:
- EFT via our online banking CU-Online
- Payroll deductions set up with your employer
- Lodging cash directly into your account at either of our branches
- Using your debit or credit card in branch or over the phone
- Set up a direct debit or standing order
- Pay payments from the Department of Social Protection directly into your account, such as jobseekers’ payments, pensions, etc.
- Please note that The Lough Credit Union’s policy allows solely up to €40,000 savings per member