Savings Challenge: Tip 1
10 January, 2023Whether you’re saving for something in the future or just for a ‘rainy day’, regular saving is a good idea.
Regular saving with your credit union is an even better idea.
At First South Credit Union, you’re not just a customer, you’re a member of a successful financial co-operative.
Your savings with the credit union are called “Shares” and each share you hold in your credit union is equal to €1.
If the credit union has accrued a surplus at the end of the financial year we may declare a dividend.
If so, you will get a return on each share you hold.
As a Member, you enjoy equal rights to vote (one member, one vote) and participate in decisions affecting the credit union.
- Savings are insured at no direct cost to eligible members – subject to terms, conditions and eligibility criteria.
- When your credit union declares a dividend at the end of its financial year, each share you hold for that year is eligible for a dividend.
- The more shares you have, the greater the dividend you will receive.
- And you have the added bonus of knowing that your savings are being used to make loans to other members in your community. Members just like you.
So if you wish to start saving or you’re building up a nest egg, join First South Credit Union today.
Original Article: https://www.creditunion.ie/what-we-offer/savings/overview/
