The Savings Protection Scheme
The Irish League of Credit Unions Savings Protection Scheme protects the individual savings of members by making sure that credit unions are financially and administratively sound and by providing remedial help to any credit union which shows signs of weakness in these areas. Participation in this scheme is mandatory for credit unions affiliated to the Irish League of Credit Unions. There is no direct cost to members for the participation of Castleblayney Credit Union in this scheme.
The State Deposit Guarantee Scheme
Credit Union members benefit from the state deposit guarantee scheme, which guarantees savings up to a limit of €100,000 per person.
Please contact Castleblayney Credit Union for further information.