Whether you’re saving for something in the future or for a ‘rainy day’, regular saving is a good idea. When you join and save with Bruff Credit Union, you are a member and part-owner of a successful financial cooperative, helping your community.
No Fees or Charges
Free Life Savings Insurance
Regular Savings Account
Each member of Bruff Credit Union holds shares, making them part-owner of the credit union.
Ways to save
- Standing Order
Set up a standing order to allow regular payments to go into your Credit Union account.
- VISA/Debit Card
Make a deposit over the phone using a VISA/Debit Card. Call 061 382111 to make a payment
- Over The Counter
Simply call into our branch and pay over the counter.
Savings and Lodgement Cap Introduction
The Board of Bruff Credit Union Limited recently carried out a review of its members’ savings strategy and as a result, several changes have been implemented which may affect the way you save in your account.
A cumulative monthly savings lodgement limit of €3,000 has been introduced from 13th January 2021.
In June 2019, a Cap on Shares of €20,000 was introduced and this will continue to be implemented for the foreseeable future.
The reason behind the Share Cap of €20,000 and Cumulative monthly savings of €3,000
For every €100 saved in the Credit Union, we are required to set aside €10 (10%) from our surplus which is a legal requirement of the Central Bank. If the current savings growth rate continues, the Credit Union will need to use its current reserve levels to fund this capital requirement. This will reduce the capital available for investment in future services.
Should you wish to discuss this matter with one of our team, you can make an appointment with one of our staff to discuss the matter.
Thank you for your understanding in this matter.
Other Information about our Saving Accounts
DIRT: Savings are liable for DIRT tax at 37%. From 1st January
Deposit Guarantee Scheme
All of the savings of our members are guaranteed up to a maximum of €100,000 under the Government Deposit Guarantee Scheme. The Central Bank of Ireland is responsible for administering the Irish Deposit Guarantee Scheme which provides protection to depositors in the event of a credit institution failing. Compensation would be payable to eligible depositors within 20 working days. Information on the scheme is available at
A nomination is a legally binding, written instruction that tells the Credit Union what to do with your money after your death
The member completes a Nomination Form which allows the member (nominator) to nominate a person/persons (nominees) to become entitled to any properties in the credit union in the event of their death.
The nomination service is very valuable to members in that it allows access to nominated funds by the nominee within a very short time of the death of the member. While it will not relieve the loss suffered by the nominee, it could relieve any potential cash flow difficulties.