Saving with Wexford Credit Union is one of the best choices you can make.
By saving with Wexford Credit Union, you’re not just another customer but an active member of a highly successful financial co-operative, which provides security and protection for your savings.
Monthly Savings Cap
There is a cap on the monthly savings permitted for all members to €10,000 net per month. The overall savings limit per member remains at the highest permitted regulatory limit of €100,000, which is in line with the Deposit Guarantee Scheme.
Top Ten Reasons:
Easy Access
You have easy access to your savings. You can withdraw some or all of your money whenever you want (provided they’re not pledged as security for a loan).
Savings guarantee
Your savings are fully secure. They are protected by the Irish Deposit Guarantee Scheme (you can save up to €100,000).
Dividend
Any surplus income is returned to members as dividends and/or reinvested to improve services.
Pro-rata dividend
When we declare a dividend, each share you hold for that year is eligible for a dividend. The more shares you hold, the greater your dividend.
No Fees
There are no transaction fees or hidden charges on savings accounts (and loan accounts).
Free life savings insurance
Savings are insured at no direct cost to each eligible member. The insurance is paid in addition to the savings you hold at the time of your death.
Member owned
Wexford Credit Union is owned by its members for the benefit of its members.
Community organisation
We are part of the local community. We exist for people, not profit, and actively support the local community.
Democratic body
Members enjoy equal rights to vote (one member, one vote) and participate in decisions affecting the credit union.
Members helping members
You have the added satisfaction of knowing that your savings are put to good use and made available to fellow members in the form of loans.
Savings and Loans
Money in all accounts can be used as collateral against a loan. The savings of borrowers who have defaulted can be applied to their loan account in default. Terms and conditions apply. Savings that are pledged as collateral are identified on each credit agreement as pledged shares. Only these pledged shares can be applied to the loan account in default.
