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CREDIT UNION INSURANCES We have a number of insurance services and products available to all our members. Some of these insurance services are paid for directly by the credit union and others are paid directly by the member. Free Loan Protection Insurance is payable on the death of the eligible members, subject to policy terms and conditions. LOAN PROTECTION INSURANCE ... Read More

SAVINGS Each share you hold in your credit union is equal to €1. Members enjoy equal rights to vote (one member, one vote) and participate in decisions affecting the credit union. Savings are insured at no direct cost to the eligible member, there are no hidden fees or transaction charges and each share you hold for that year is eligible ... Read More

CoverU Travel Insurance offers members of First Choice Credit Union Limited greater accessibility, better value and most importantly excellent cover providing peace of mind when travelling abroad. CoverU Travel Insurance, which is being offered in conjunction with AIG Europe, offers comprehensive worldwide travel insurance, available on an individual, couple, group or family basis. Apart from offering great value, other advantages … Read More

Life Savings Insurance is the life insurance cover that your credit union takes out for all eligible members as an additional incentive to save regularly and maintain savings with the Credit Union. The amount of insurance benefit which an eligible member is entitled to is in direct proportion to the savings and age of that member. Amounts saved after the … Read More

Free Loan Protection Insurance is payable on the death of the eligible member, subject to policy terms and conditions. The insurance benefit payable is the amount of the member’s outstanding loan balance Cover ceases on the member’s 85th birthday. Your Credit Union provides extended cover to include total and permanent disability from any occupation. In the event of the member … Read More

Tax Treatment of Dividends 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, ... Read More

Deposit Guarantee Scheme Eligible deposits in First Choice Credit Union Limited are protected by the Deposit Guarantee Scheme (“DGS”)(1) Eligible deposits in First Choice Credit Union Limited are protected by: the Deposit Guarantee Scheme (“DGS”)( 1 ) Limit of protection: EUR 100 000 per depositor per credit institution ( 2 ) If you have more eligible deposits at the same ... Read More

Nominations This is a unique facility for credit union members. If you are over 16 years of age you can nominate who is to receive the monies in your accounts with the credit union upon your death, which includes shares, deposits and insurance proceeds. This is of benefit if the member dies without leaving a will as the property left ... Read More