St Canice's Kilkenny

Credit union members can rest easy in the assurance that their savings are safe. Credit unions in Ireland, which are affiliated to the Irish League of Credit Unions, are secured in several ways:

• All officials of credit unions, whether volunteers or staff, must be fidelity bonded.
• Savings up to a limit of €12,700 per member are protected by the Savings Protection Scheme.
• All monies received in the credit union are properly recorded.
• Full financial statements are prepared and can be examined by members.
• Government Guarantee - Individual members' savings are guaranteed up to €100,000 per member.