ARE MY SAVINGS SECURE?
Government Guarantee Scheme
All savings, up to €100,000 with your Credit Union are covered by the Government Deposit Guarantee Scheme. However the maximum current savings is €100,000 with Letterkenny Credit Union.
Savings Protection Scheme
Your savings are also protected by the Savings Protection scheme (SPS) which protects the individual savings for members by making sure that the credit unions are financially and administratively sound. Credit Unions which comply with the rules of the SPS have their members’ savings protected up to a maximum of €12,700.
You can obtain more information in relation to the Government Guarantee scheme on the following websites;