In response to queries regarding our life savings, loan and death denefit insurance products, please find below details of the benefits that we currently provide:


Loan Protection Insurance

Loan Protection Insurance is provided by the Credit Union for you, the member, at no extra cost. This means that you can borrow from your credit union in full confidence that your dependents will not be obliged to repay the outstanding loan balance upon your death.

Loans are insurable up to a borrower’s 85th Birthday.
This cover is subject to Terms and Conditions.


Life Savings Insurance

This is a free life insurance cover provided by Lisduggan Credit Union to all eligible members as an additional incentive to save regularly and maintain savings with the Credit Union.

How Does Life Savings Insurance Work?

The amount of insurance benefit which an insurable member is entitled to is in direct proportion to their savings and their age. Once earned the insurance remains in force as long as you leave your savings with the credit union. Withdrawals may affect the amount payable.

6mths to 54 yrs Every €1 saved You get €1.00 cover per €1 saved
55 to 59 yrs Every €1 saved You get €0.75 cover per €1 saved
60 to 64 yrs Every €1 saved You get €0.50 cover per €1 saved
65 to 70 yrs Every €1 saved You get €0.25 cover per €1 saved

This Insurance is capped at €3,000.

Death Benefit Insurance

Death Benefit Insurance is a member pay insurance benefit provided to eligible members of the credit union in the event of death.

This is available to all members who join the credit union before the age of 70.

The current value of the benefit is €2,000.*

The cost to eligible members is €20 per year – deducted from your savings every January.


*Terms and Conditions Apply