€25,000 Cap Placed On Savings In Dublin Credit Union.

Monday, 12 July 2021 09:42

The branch chairman said banks are charging for monies sitting in current accounts

Members of South Dublin Credit Union can no longer keep more than €25,000 in a savings account.

In its financial report, the branch chairman said banks are charging for monies sitting in current accounts and the Credit Union are encouraging members to borrow, in order "to survive".

The Irish Times reports current members with excess of 25 thousand euro in their account can no longer increase their savings and if they go below the limit, they will not be able to exceed at a future date.

More from National News

The Funeral Mass Of 56 Year Old Michael Gaine Took Place In Kenmare This Morning

Audio

There was a large attendance from those in the local community.
Fianna Fáil Pushes Back On Government Blame As 3,000 Homes Lie Vacant, Including 129 In Kildare

Figures released to Sinn Fein show nearly 3 thousand council homes are currently vacant.
Family Pay Tribute As Man Who died In Newbridge Crash Named Locally As Jerry Maloney

Jerry Maloney, 19, was a passenger in a pickup truck that crashed on the Barretstown Road in Newbridge shortly after 8pm last night.
OPW To Begin Daily Contractor Access To Castletown Via Lime Avenue From Monday

The move is expected to be met with opposition.
“Criminal Offence” To Ignore HIQA Sanctions, Says Nursing Home Advocate Amid Latest Crisis

Audio

Speaking to Kfm, Shane Scanlan, CEO of the Alliance for Supporting Nursing homes, said there also needs to be an immediate "root and branch review" into HIQA's response to the latest scandal to hit nursing homes run by Emeis Ireland.
Two Motorcyclists Injured In Serious Collision Near Athy

The road is closed for an examination, and Gardaí are appealing to anyone with information to come forward.
Teenage Passenger Dies In Fatal Road Traffic Incident In Newbridge

The road remains closed as Garda Forensic Collision Investigators carry out a full examination, with local diversions in place.
Cocaine-Positive HGV Driver Hauling Livestock Arrested In Kildare

In another incident, a driver attempted to evade a checkpoint but was stopped shortly after. The vehicle had no tax or insurance, bald tyres, and contained green diesel.