Savings

Opening a credit union savings account with Dromore (Ty) Credit Union is a more flexible alternative to saving with a bank or building society.

Key benefits:

• Enjoy easy access to your money, as long as it’s not used as security for a loan with Dromore Credit Union.

• There are no hidden fees or charges on any transactions.

• Eligible members also benefit from life savings insurance at no extra cost.

• You can nominate account proceeds contact the office for more details.

Enquire about a credit union savings account here.

The key difference with Dromore Credit Union is that, as a member, you own the credit union.

• Your savings are called shares, and the maximum shareholding is £10,000 (for those aged 16 and over).

• Each share is eligible for a dividend if the credit union declares one.

• Regardless of how much you’ve saved, all members over 16 have equal voting rights on issues affecting the credit union.

• You can also take comfort knowing that your savings are helping to provide loans to other members, just like you.

Enquire about a credit union savings account here.

Your savings with Dromore Credit Union are protected by the Financial Services Compensation Scheme (FSCS) in Northern Ireland.

Additionally, the Savings Protection Scheme (SPS), operated by the Irish League of Credit Unions, provides extra protection by offering financial assistance to any credit union in difficulty.

Members' savings are also insured through Life Savings Insurance, subject to certain terms and conditions.

Enquire about a credit union savings account here.