Savings Savings


We all know the merits of saving money, either for something specific or for that “rainy day”. But saving money with Sarsfield Credit Union means you also become a member of a highly successful co-operative. You are not just another customer you are a member.

Why save with Sarsfield Credit Union?

  • Easy access to your money once it is not used as security against a loan
  • No hidden charges or fees on any transactions
  • Life savings insurance for eligible members
  • Your savings are eligible for a Dividend
  • Your savings provide you with a loan, should you wish to borrow
  • Nomination of account proceeds (see more information below)

When you save with us you are also building a history which will be taken into account in the future should you wish to apply for a loan.

The money you save with us is used by the credit union to fund the loans it makes to members. By saving with us you are indirectly helping your neighbours and the community to develop.


When a member who is over 16 years of age opens a credit union account, he/she is entitled to nominate a person (or persons) to receive his/her property in the credit union on his/her death. Property includes shares, deposits, loans and insurance proceeds. This is of benefit if the member dies without leaving a will as the property left in the credit union will not have to pass through the sometimes timely intestacy process.


Your savings are insured free of charge through Life Savings Insurance. In the event of death of an eligible member, an insurance benefit is payable in proportion of the deceased member’s closing savings balance. See Insurance services section, click here for more details.

Ways to save

Saving with Sarsfield Credit Union couldn’t be easier! There are a number of ways to grow your savings with our Credit Union:

  • Call into our office here in Glentworth Street
  • Standing Order or Direct Debit from your bank
  • Have all your wages directly paid to Sarsfield Credit Union
  • Have you Child Benefit or Social Welfare payments paid in directly

Every Credit Union has a unique BIC and IBAN number which means that the account can accept electronic transactions like direct debits and standing orders. Our accounts are fully SEPA compliant.

Are my savings secure?

Credit Unions in the Republic of Ireland are covered by the Deposit Protection Scheme which is administered by the Central Bank of Ireland. This is a scheme that can provide compensation to depositors if a credit institution is forced to go out of business. It covers deposits held with banks, building societies, and credit unions. Please see the Deposit Guarantee Scheme website for further information.

Also, the Savings Protection Scheme (SPS) owned and operated by the Irish League of Credit Unions is also available to proactively intervene to protect members' savings by making available financial assistance to help any credit union which may experience difficulties.

In addition to these, Sarsfield Credit Union has its own strong reserve fund.

Saving Options

Share Accounts

At Sarsfield Credit Union we welcome all Savers.

  • Individual Member Accounts for Adults
  • Joint Member Accounts
  • Accounts for children up to 16 years

What return will I get on my credit union savings?

Every share you hold with Sarsfield Credit Union for the year is eligible for a dividend when declared. A dividend is the return on your shares and it is paid by your credit union out of surplus.*

The amount of your dividend will depend on:

  • The amount of shares you have saved (one share is equal to €1).
  • The surplus income available for distribution by your credit union to members.

*Past performance is not a reliable guide to future performance.

Can I have easy access to my savings?

You can withdraw your savings provided they are not pledged as security on a loan. However, you are encouraged to keep your savings intact, so that:

  • They continue to earn a dividend.
  • They continue to benefit from the Life Savings Insurance protection.

Contact Us
  • Sarsfield Credit Union
  • Tel: 061 317 910
  • Fax: 061 319 731
  • Email:
  • Web:
  • Address: Glentworth Street, Limerick
Contact Us
  • Tel:
  • Fax:
  • Email:
  • Address:
  • 061 317 910
  • 061 319 731
  • Glentworth Street, Limerick
Opening Hours
  • mon
  • tue
  • wed
  • thu
  • fri
  • 10:00-16:00
  • 10:00-16:00
  • 10:00-16:00
  • 10:00-16:00
  • 10:00-17:00

We are open throughout lunch.
Call in and talk to us today.

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Sarsfield Credit Union Ltd is Regulated by the Central Bank of Ireland. Reg No. 166CU