Whether you are saving for something in the future or just for a ’rainy day’, regular saving is a good idea. Regular saving with Ballina Credit Union is an even better idea. With us, you are not just a customer; you are a member of a successful financial co-operative.
Each share you hold in your Credit Union is equal to €1. You will need to hold a minimum savings of ten shares (€10) to keep your account activated. Members enjoy equal rights to vote (one member, one vote) and participate in decisions affecting the credit union.
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.
Monies are withdrawable on demand where not used as security for a loan. If you are using monies as security for a loan, we can provide you with a separate savings account to lodge and withdraw from.
A specific share balance is not required in order to qualify for a loan, and the loan you can be granted is not based on the amount that you have saved with us, although your savings record and pattern can have a bearing.