Benefits of Membership
Cobh CU will continue to listen to members so that we can offer the best personal finance service available
Membership of Cobh Credit Union has many benefits
ALL deposits and savings are safe and secure at Cobh Credit Union. Cobh Credit Union members enjoy the safety and knowledge that they have the protection of the Irish League of Credit Unions (ILCU) Savings Protection Scheme as well as the Government’s Deposit Guarantee of up to 100,000 euros per depositor.
Flexible & Convenient Loans
Members can take out flexible loans and repay at tailor-made schedules. All our loans are fully insured (at no extra cost to the member T&C apply), against disability or death.
Quality Service, No Charges
You can be assured of a professional service from Cobh Union, at all times. As members of Cobh Credit Union, we can avail of many personal finance services.
Members of Cobh Credit Union can avail of loans from rates as low as 5%. Members also do not pay a transaction charge for borrowing money or repaying their loans ahead of schedule.
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Members of a credit union enjoy many benefits, including:
No fees – Free Services – Convenience – Community Benefits
- There are no account fees, maintenance costs or charges
- We have a wide range of financial services available with a variety of discounts and free services for members
- Competitive loan interest rates
- Encouragement and advice on a regular savings programme
- Pay into your savings or pay off your loan by standing order
- You own the credit union, one vote (equal say) per member at AGMs regardless of how much you have in shares.
- Control over your finances
- Financial Advice available
- Loans available at a low rate of interest, and with great terms and conditions. Ease of payment through standing order.
- Dividends at the end of year and the possibility of receiving a rebate of loan interest paid.
- A wide range of services
- Security of savings through the credit unions’ fidelity bond, the Irish League of Credit Unions’ Savings Protection Scheme, and the Government Savings Protection Scheme. (All member’s shares are guaranteed up to the amount of €100,000)
- Loan life protection and life insurance at no direct cost to you. Once you maintain a balance of €500 in your shares you qualify for Death Benefit Insurance. €3,250 is available towards funeral expenses, peace of mind and security for your loved ones.
- The knowledge that your savings are being used for the benefit and development of your community