Savings

Your savings account in a credit union is known as your shares account. You may gain dividends on your share account.

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Saving with the Credit Union

You are not just another customer to us but an active member. You will have a share in the ownership of the Credit Union in addition to having a say in the operation of the Credit Union at the annual AGM. Savings in a Credit Union is a better way to save as you may also earn dividends.

Once you activate your account with a minimum of €10 you are then an active member and are welcome to apply for your online access. You will then have the services of the credit union at your finger tips 24/7!

Benefits of Credit Union savings

Free online 24/7 access to your shares account
Savings balances over and above any loan you may have are available to you to withdraw on demand
Savings may attract dividends (subject to approval at our AGM)
There are no transaction charges or fees on your shares or deposit account
Life cover options available

Under the Government Deposit Guarantee Scheme (DGS) administered by the Central Bank, all savings up to €100,000 per member are guaranteed. If you have more than one account with an institution, including joint accounts, the money in those accounts is added together to calculate the total amount of your deposits with that institution. esscu savings limit is €70,000 per member.

Savings Policy

This total savings you can have in the credit union is €70,000. Please be assured, those members with a Share Account in excess of €70,000 on 31st of October 2018 will not be required to withdraw any amount over this new limit in order to reduce the balance to meet this new rule. They will not however be able to make any further lodgements that bring their total to over €70,000 and back to their previous savings level, once their excess shares fall below the new figure.

In the event where there is a Joint Account in the name of 2 esccu members, the limit that the account is permitted to reach will be a total of €140,000. This acknowledges the maximum account allowance of €70,000 for each of the 2 members.

The Board of the Credit Union made this decision based principally on the need to ensure that the Credit Union continues to have a strong capital ratio, whilst also addressing the challenges that arise from a historically low interest rate environment.

Bill Buddy

Manage your bills

Our Bill Buddy - Budget Account is available to assist you manage your outgoings with ease.

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Savings

Shares

All members will have a Shares account with esccu which is their main savings account.

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Loan Rates

Rates

We have a rate that will suit you. Our personal lending rates are from as little as 4.8%APR

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How to take action

How to join us

If you are an employee of one of our affiliated companies simply complete the membership form and we will be in touch.

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Benefits of becoming member

We have a range of services to suit your needs, including saving, lending, budget management, foreign exchange and more.

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