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How do I know that my Credit Union is not in trouble?

 

According to Financial Journalist Charlie Weston these are the 5 key questions Credit Union members should ask to ensure their Credit Union is Safe, Sound and Secure

1. Did your Credit Union pay a dividend?

Yes, we did

2. Did your Credit Union hold its AGM?

Yes, we did

 3. Does your Credit Union have adequate regulatory reserves?

Yes, we do

4. Does your Credit Union have any imposed lending restrictions from the Central bank?

No, we don’t Swords & District Credit Union is open for business

 5. Are my savings safe?

Yes, all members are protected under the government deposit guarantee scheme of up to €100,000 per depositor

 

As always our qualified staff are here to assist you the member with any questions or queries you may have. So why not call in, log in or drop in and see what your Credit Union can do for you.

 

Click here for more information on the security of Swords Credit Union