Saving with Claremorris
Credit Union is even better than you may think: |
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| • A
secure place to save |
Credit
Unions are regulated by the Irish Financial Services
Regulatory Authority and offer the same level of protection
as banks and building societies. |
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•
Life Assurance cover on
your savings at no cost to you
|
Another
way we can save you even more money. |
| |
| • Savings
protection cover |
We offer
euro for euro cover on amounts up to €13,000. |
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| • Excellent
return on your savings |
The members
of a Credit Union pool their savings together, these
savings then provide a pool of funds from which loans
can be made. Essentially the Credit Union rents money
from its savers and therefore pays savers a return on
their money this is known as a dividend. This dividend
is given to each member at the end of every year and
is a nice annual windfall! Dividends are calculated
at the end of the Credit Union Financial Year in September
and are based on the profits made for the year. |
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