Credit Unions in The Republic of Ireland are regulated by The Central Bank of Ireland and savings, up to a limit of €100,000 per member, are protected by the Government Savings Guarantee Scheme. There are no transaction fees or charges and members can, at any time, request a statement of account free of charge.  You may also access your account 24/7 via the online banking facility on this website.

Members can save via direct debit or standing order from their bank, by bank transfer, by debit card via our online system on this website or they may call into either office during opening hours.

Share Account

In a credit union, member savings are held in the form of shares.   Each €1 saved is equal to one single share.  We encourage members to save on a regular basis.  Even small amounts saved regularly will grow over time.
Member shares are fully accessible and can be withdrawn or transferred at any time (unless pledged against a loan – details of this are in the section on loans).

Life Savings Insurance

This is a Life Insurance Policy that South Dublin Credit Union has in place for all eligible members as an additional benefit for those who maintain savings with the credit uion. Certain age and health criteria apply... Click here for more details. 

Maximum Savings 

The maximum savings that can be held by an individual member in South Dublin Credit Union is €25,000.
Existing Savings
If your existing savings exceed this limit currently, you may continue to hold your savings balance in the credit union. You may not, however, increase your savings. If you withdraw savings and your balance is still in excess of €25,000, this balance is then your new maximum allowable.
If you withdraw savings which bring your balance to below €25,000 you may then increase them, if you so wish to the maximum of €25,000.

Nomination of Your Credit Union Account

This is a unique facility for credit union members. Credit unions have a nomination facility whereby if you are over 16 years of age, you can nominate someone to receive the property of your credit union accounts upon your death. This is of benefit if the member dies without leaving a will as the property left in the credit union will not have to pass through the sometimes timely intestacy process.
  • You may nominate a person(s) of choice to receive your property presently up to a maximum value of €23,000 in Republic of Ireland Any amount in excess of €23,000 will form part of your estate.
  • You may change the details of your nomination as often as you like. A completed nomination must be signed and witnessed. Ask in the office and a staff member will help you complete the relevant form and witness your signature. The most recent nomination is the valid nomination.
  • A nomination is not revocable or variable by the terms of your will or by a codicil to your will.
  • The nominated property does not form part of a deceased person’s estate.
  • A nomination is automatically revoked when your nominee dies before you. In this case, you should consider completing a new nomination.  If you do not, your property in the credit union may form part of your estate.
  • Where your personal circumstances change (e.g. marriage, divorce or separation) you should review your nomination at that time.
  • A nomination is automatically revoked by your subsequent marriage.