Every member of St Raphael’s Garda Credit Union holds a Savings Account known as a Share Account making them a part-owner of the credit union.
Members who hold funds in their share account may earn dividends on their savings every year. Dividends are declared at the annual general meeting (AGM) and are determined by the amount of surplus funds the credit union holds at year end.
At no extra charge to our members, we have arranged free insurance both for shares (savings) and loans. In the case of shares the maximum amount covered is €12,700. These benefits are payable upon the death of the credit union member.* Terms and conditions apply.
*Withdrawal of savings by members after the age of 55 may affect the amount of Life Savings benefit.
Please note that dividends paid to members are subject to DIRT (Deposit Interest Retention Tax) and that DIRT returns completed by the Credit Union will not include any individual member’s details. DIRT is deducted at source for share accounts.