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The basis of the Credit Union is co-operation between neighbours and the more everyone saves, the more that is available to be borrowed both by you and your neighbour.
The Benefits of Saving
- Because members have saved so much already, there is money available for loans. Only if members go on saving can more money be made available for loans.
- If you go on saving (even if it is only the odd €1) while paying off a loan, you're a richer person when the loan is repaid than when you borrowed the money, and you have a greater borrowing power.
- Inflation reduces the value of your savings, so it is necessary to keep saving in order to keep ahead.
- If you stop saving, the amount you can borrow will not increase.
- The more you save, the more life assurance cover you get.
- The more you save, the bigger your dividend.
Call into the credit union today and start saving.
"When the rainy day comes, it is better to have a small umbrella than no umbrella at all."
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