Credit union makes ‘drastic’ benefits cuts as loan demand falls
Savvi credit union’s most recent annual report shows that its total income dropped 18 per cent in 2018
One of Ireland’s biggest credit unions has warned its members of “drastic” cuts in key benefits because of a reduction in its income due to “low loan demand amongst members”.
Savvi Credit Union – which represents ESB workers as well as employees of the Irish Times and Independent News and Media – recently wrote to members to say its death benefit insurance and life savings insurance will reduce significantly.
Death benefit insurance – which helps members...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply