Your Money Is Safe With Kilmallock Credit Union

Your Money Is Safe With Us

When it comes to saving, Credit Unions are different. You’re not just saving for yourself, but also helping your fellow members borrow for their dreams too! We really are about people helping people.

When you open a Regular Share Account with us you are a member, not a customer. This means that you are a part-owner of the Credit Union with equal rights to vote and participate in decisions affecting our Credit Union. As a member with a Share Account you will receive a dividend, if declared, on your savings, and be able to borrow at great rates for whatever your dreams in life.

Start a regular saving pattern at Kilmallock Credit Union

Start a regular saving pattern

It can be a challenge to start a regular saving pattern and that is why we have made it as easy as possible. We have a number of ways which you can lodge savings to your account including:

  • By lodgement directly in any of our branches
  • By setting up a Direct Debit from your bank account
  • By Payroll deduction
  • By phone or in-branch using your debit card

How to set up a direct debit

You can set up a direct debit through our online or mobile banking facilities, click here to learn more about our online facilities.

You can also call us on 063 98355 or pop-into any of our branches to set it up.

Payroll Deduction

We can work with your employer to set up easy payroll deduction. Contact if you would like further information about payroll deduction. N.B. The credit union now has a saving restriction of €20,000 per member account. This means that each member can only have €20,000 on deposit with the credit union.

Visual Savings Card

The Visual Savings Card is a reusable card that displays and updates the balance with each transaction, allowing members to save and budget for bills and special occasions, in a safe and secure manner.

No Fees or Charges

Free Savings Insurance

Annual Dividend

Benefits of savings with Kilmallock Credit Union

Benefits of savings with Kilmallock Credit Union

  • No hidden or additional costs
  • No transaction fees
  • Access to your savings on demand
  • Life savings Insurance – subject to some limits and conditions
  • Free Online access to your account through our online and mobile banking facilities
Start You Child Saving

Getting Your Child Started

Building a savings habit early is the gift that keeps on giving. Download our savings chart here to help them get started!

School Savings Scheme

Kilmallock Credit Union operates a school savings scheme in several schools in the common bond. The objective of the scheme is to encourage children to develop a savings habit. Credit union staff and volunteers collect the money at the designated schools every week during the school term.

Life Savings Insurance

This is the life insurance cover that we take out for all eligible members as an additional incentive to save regularly and maintain your savings. There is no direct cost to members. The insurance is paid in addition to the savings you hold at the time of your death. The amount depends on the member’s age, how much you have saved over the years, and other terms and conditions.


A Nomination is a legally binding, written instruction that tells us what to do with your money after your death. It allows access to funds (max €23k) by the nominee within a very short period of the death of the member.

This service is free to our members and one of the great attractions of credit union membership.

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. Deposits up to €100,000 per person per institution are protected and compensation is payable to eligible depositors within 15 working days. Eligible deposits in banks, building societies and credit unions authorised in Ireland are covered by the scheme.