Benefits of Saving With Us
Your Financial Partner For Life
No Hidden Fees
There are no hidden fees or transaction charges.
Easy Access To Your Money
Funds can be accessed easily provided they are not used as security against a loan.
Free Life Savings Insurance
Free Life savings insurance for eligible members (Terms & Conditions apply).
Nomination Process
Nomination is a free and simple way to ensure your Credit Union savings are passed on to the person or people you choose, without the delays and costs of a will. It's a special legal arrangement that gives you peace of mind, knowing your loved ones will be taken care of quickly and easily.
Protected Savings
Your savings* are covered by the statutory deposit guarantee scheme (DGS). If insolvency should occur, your eligible deposits would be repaid up to €100,000.
Payroll Deduction
Hassle free payments deducted straight from your salary/pension. Payroll deductions allow you to manage your finances better and work towards achieving your financial goals.
Frequently Asked Questions
Everything you need to know
You can currently save up to €25,000 in your Credit Union share account. Once you have reached this limit a deposit account will be opened and any additional savings will be lodged there.
The total savings balance cannot exceed €100,000.
Do you need to save for a special event, a weekend away or regular annual expenses? Why not open a Moneysave account today. Call us on 01-4610682 or email enquiries@blackravencu.ie
If you have more than €25,000 in your shares account, or combined share and moneysave account, the excess will be transferred to a Deposit Account in your name.
The shares and deposits are withdrawable on demand and members are encouraged to shop around for suitable savings returns. The rate currently applied is 0.00% on funds held in Deposit accounts.
If your account is inactive for 3 years your account will become a dormant account. It is in the member's interest to keep it active by conducting regular transactions.
If your account becomes dormant, you cannot make transactions on the account until it is reactivated.
The account may be reactivated by conducting a transaction and providing supporting Photo ID and Proof of Address. Photo ID must be current and not expired and Proof of Address must not be more than 3 months old.
