04 May 2021
New Measures on Credit Union Accounts
The following measures have been applied to Member Accounts.
- Minor Accounts maximum balance of €3,000
- Adult Accounts opened after 12th April 2021 have a maximum limit of €5,000
- Maximum lodgement per calendar month is €1,600
These new rules were required due to the growth in shares, reserve requirements of the credit union, and negative rates on credit union investments. Credit union savings will be reviewed bi-annually and may be subject to further restrictions or easing of current measures.