Whether you are saving for something in the future or just for a ’rainy day’, regular saving is a good idea.Regular saving with Ballina Credit Union is an even better idea. With us, you are not just a customer; you are a member of a successful financial co-operative. Each share you hold in your Credit Union is equal to €1. You will need to hold a minimum savings of ten shares (€10) to keep your account activated. Members enjoy equal rights to vote (one member, one vote) and participate in decisions affecting the credit union.
You have a share in the ownership of the Credit Union. Along with having a say in the operation of the Credit Union you also earn dividends.
Monies are withdrawable on demand where not used as security for a loan. If you are using monies as security for a loan, we can provide you with a separate savings account to lodge and withdraw from.
A specific share balance is not required in order to qualify for a loan, and the loan you can be granted is not based on the amount that you have saved with us, although your savings record and pattern can have a bearing.
All members shares are covered the Government Deposit Guarantee Scheme up to a value of €100,000, which means that you can have peace of mind that your savings are fully secure.
- There are no transaction charges or fees.
- Life savings insurance is provided automatically, subject to terms & conditions.
- You can deposit savings (or pay loans) directly to your account by iban . Just contact the office at 09671066 in order to get your iban details for your account. If you have any questions to ask we will be only too happy to help.