Find out how to save with the Credit Union

Shares Accounts

A credit union is a group of people who save together and lend to each other at a fair and reasonable rate of interest. Credit unions offer members the chance to take control over their own finances by making their own savings work for them. Every Credit Union is owned by the members – the people who save & borrow with it – people like you.

With our popular service of a salary deduction, it has never been easier to save with us. Regular saving and sensible borrowing are key elements to remember when it comes to managing your money. Saving regularly gives you financial security, independence, peace of mind and an attractive return on your savings. It has never been easier for you to save as you won’t even see it coming out of your wages!

If you’re not a member already, why not think about joining today?

Easy Access to Money

Funds are easily accessed through your online account at any time.

Salary Deduction

Set up a deduction with us and it will come straight from your wages into your CANA account, making it easier than ever to save.

Life Savings Insurance

Life savings insurance for eligible members (terms & conditions apply).

Nomination Process

Members can nominate a person to receive his/her property in the credit union on his/her death (up to €23,000).

Online Access

Register your online account and access all of our services 24/7 through the website or app.

No Hidden Charges

There are no hidden fees or transaction charges.

You can currently save up to €50,000 in your CANA Credit Union shares account.

Do you find it hard to budget your bills and expenses throughout the year? Set up a budget account with us where you can save money in specific categories and withdraw when the funds are required.

If there is no activity on your account for over 2 years, your account will become inactive. We can re-activate this for you at any time with proof of address and valid proof of ID.

We require proof of address from each member to be updated every 2 years as well as always needing a valid form of ID (drivers’ license /passport) on the account. We require these documents for AML purposes before we can approve any activity on the account.

Frequently Asked Questions About Savings

 

CANA Credit Union have a shares cap of €50,000. A shares cap is where a ceiling is put on the amount that a member can save in their shares with their credit union.

The easiest way to make a withdrawal from your CANA shares account is to use the ‘quick transfer’ function in your online account.

If you do not have access to your online account, we can accept a signed letter posted into us.

You can make lodgements to your CANA account for savings/loan/budget account as much as you'd like. When you log into your online account you can see your IBAN labelled as 'EFT Current Balance'. You can use this IBAN to transfer any funds, just label the transaction wherever you'd like the money to be sent (i.e. shares, loan).

You can also phone us at 01 6766151 to make a debit card lodgement over the phone. This can be lodged to your loan/shares/budget account/arrears.

You can update any personal information by uploading documents through your online account in the ‘documents’ section. Alternatively, you can email them to info@canacu.ie

To update your address, we will need a bill / bank statement showing your new address, dated in the last 6 months.

We can assure you that your savings remain safe and secure at CANA Credit Union.

In addition, your savings continue to be guaranteed by the Government Deposit Guarantee Scheme up to €100,000.

To change your salary deduction, you can email or message us through your online account with you’re the amount that you would like to change it to.

For each of our loans, a certain amount of your savings is required to remain in your shares account. This amount varies depending on the size and duration of the loan. Get in touch by phone or email if you have any further questions about your pledged amount.

If you leave your job as an employee of revenue, you still have full access to your CANA account. To continue to save (or make loan repayments) you can set up a standing order from your bank account into your CANA account.

We can send your standing order form to you by post or give your IBAN over the phone if you would prefer to set up the standing order with your bank account.

If you have a family member’s account, you still have full access to your CANA account. To save (or make loan repayments) you can set up a standing order from your bank account into your CANA account.

We can send your standing order form to you by post or give your IBAN over the phone if you would prefer to set up the standing order with your bank account.

When you're paying into your CANA account from your bank account, you will have to inform us which way it is to be split. Once your standing order is set up, a screen is created to split the correct amount between loan repayments & shares.

When an extra payment comes in, there is a chance that it could go toward your loan which cannot be reverted. If you want to send one-off payments to your shares/loan, pop us an email/message to let us know where you want it to go to. You can also provide a reference on the transaction as 'shares' or 'loan'. If you have any questions, get in touch!

Apply for an account

How To Join

Join, borrow or save with us, apply in your own time. We are offering our members freedom, flexibility and choice. Become a member today, what are you waiting for?

Become a Member Get in Touch

If you would like more information on saving with CANA Credit Union, please contact us today.

Contact Us
Top