When you become a member of Comhar Creidmheasa Cholmcille you open a savings account which is known as a share account. Every €1 deposited is equal to 1 share, making you part owner of the Credit Union.

Limit on Savings

The maximum savings for any one member is €30,000. If you are affected by this, please speak to a member of staff.


Members subject to tax and not qualifying for exemptions will be required to pay DIRT on any credit union dividend and interest payments. The rate of tax will be the prevailing rate announced in the Finance Act each year. DIRT is automatically deducted each year with the balance of your dividend being posted to your share account. This means you will have no further tax liability on this income.

If you are exempt please fill in a DE1 form (available from our Downloads section) and return to us at An Cnoc Indreabhán Co na Gaillimhe.

From March 2015, the Credit Union is legally obliged to report to the Revenue Commissioners details of any interest or dividend greater than €300 is paid.

Government Guarantee Scheme

All savings, up to €100,000 with your Credit Union are covered by the Government Deposit Guarantee Scheme.

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