Services Savings & Shares

Savings & Shares

Savings as shares in a Credit Union are a better way to save. You are not just another customer but an active member of a highly successful financial co-operative. Yes, you have a share in the ownership of the Credit Union. Along with having a say in the operation of the Credit Union you also earn dividends.

Benefits of Credit Union savings

  • Savings balances over and above any loan you may have are available to you to withdraw on demand.
  • If the credit union has a surplus at the end of the year this is given back to members by way of a dividend. The more shares you have, the greater the dividend.
  • Free life cover on saving up to € 20,000 (subject to terms and condition)
  • A savings protection scheme is in place to the benefit of the member up to € 12,700
  • There are no transaction charges or fees.
  • All savings up to €100,000 are covered by the Deposit Guarantee Scheme which is administered by the Financial Regulator.
Click to DownloadDownload Share Withdraw Form (85.7kb)

Click to DownloadDownload Standing Order Form (83.8kb)

Security

  • Credit union members can rest easy in the assurance that their savings are safe. Credit Unions in Ireland, which are affiliated to the Irish League of Credit Unions, are secured in several ways:
  • Member’s savings within certain limits are insured through Life Savings Insurance.
  • Annual independently audited returns are lodged with the relevant authority, The Irish Financial Regulatory Authority.

Notice to Members about taxation of credit union Share Dividend and Deposit Interest. Effective From 1st Jan 2014

Budget 2014 contains the following provisions regarding Deposit Interest Retention Tax (DIRT):

From 1st January 2014 all credit union share dividend and deposit interest paid to members will be subject to DIRT, with the exception of dividend or interest paid to members who are exempt from DIRT. The only members who can be exempt are:

  • Members aged over 65 whose total income is less than the relevant limit, currently €18,000 for an individual and €36,000 for a married couple. For married couples, only one of the spouses needs to be over 65. To avail of this exemption, you must sign a self-declaration form DE1. This form is available in your credit union and is a declaration that you (or your spouse) are aged over 65 and that your total income is less than the relevant limit.
  • Members who are permanently incapacitated. Such members should either contact their local Revenue Commissioners office directly or contact a service body such as the Irish Wheelchair Association. Credit unions have no role in approving the exemption in these cases.

If you do not complete the self-declaration form, the credit union will be obliged to deduct DIRT from your dividend or interest. You will then have to apply directly to the Revenue Commissioners for a refund of this DIRT (if you are eligible).

Please phone the office to discuss any queries that you may have with a member of Staff

ANSAC Credit Union was formed to promote thrift, by encouraging members to save together and when necessary, to provide money for worthwhile purposes to our members. Today ANSAC has over 7,500 members and our membership is growing every day.

ANSAC Credit Union
  • Tel:
  • Fax:
  • Email:
  • Web:
  • Address:

  • +353 1 855 4489
  • +353 1 855 8067
  • www.ansaccu.ie
  • 75 - 76 Amiens Street,
  • Dublin 1
Opening Hours
  • mon
  • tue
  • wed
  • thu
  • fri
  • 09:00am - 05:00pm
  • 09:00am - 05:00pm
  • 10:30am - 05:00pm
  • 09:00am - 05:00pm
  • 09:00am - 04:00pm
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ANSAC Credit Union is regulated by the Central Bank of Ireland. Reg no. 462CU