Savings
Whether you’re saving for something in the future or just for a rainy day, regular saving is always a good idea.
Saving with GCU
We encourage our members to save regularly with us
By lodgement directly at the counter with a member of staff
Using the quick lodgement facility in our front office
By setting up a Direct Debit from your bank account
By Salary deduction with one of the many employers offering this service
Enjoy a competitive loan rate on loans secured by your savings.
Savings Cap Information
We wish to notify our members of an increase in the savings limits at Gurranabraher Credit Union effective from August 29,2023.
Your Credit union is implementing a revised savings limits per member as follows:
- €50,000 (+ current loan balance): Maximum overall savings per member.
- €10,000: Maximum Adult savings per month.
- €500: Maximum Juvenile savings per month.
Our Member Services Team can assist with any queries you have on this matter. The team can be contacted at 021 430 3394 or by email to info@gcul.ie.
FAQs
A dividend is generally paid every year on our shares but is subject to the discretion of Gurranabraher Credit Union at all times. The members vote at the AGM to decide the rate of dividend for the year. The member’s decision is based on the surplus for the year and the recommendations of the Board of Directors.
- No hidden or additional costs
- No transaction fees
- Access to your savings on demand
- Life savings Insurance – subject to some limits and conditions
- On line access to your account
Our limit on cash available at the counter is €1,500. We will happily transfer funds directly into your bank account for you. Any funds transferred before 12.00pm will generally arrive in your account the same day by close of business or to the receivers account. Bank holidays may lead to some variations on this.
We are happy to make cheques payable to your creditors for you at no additional cost. Please see depositguarantee.ie.