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Credit Union may offer more services than you think! |
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A completely new kind of Home Insurance that is simplicity in itself.
From arranging cover to making a claim, Home Union options has been
specifically designed to make life easy for the member. To prove this
point there are three simple steps to take:
Step
1 - Determine your buildings replacement value allowing for the
cost of
rebuilding,
site clearance fees and professional fees.
Step
2 - With Home Union Options, contents are automatically covered
for 25%
or 50% of the premises insured - you choose!
Step
3 - With Home Union Options you can cover all your personal property
requirements in one simple policy by selecting from an extensive range
of covers.
Step
4 - Content cover ranges from 10 to 50% - member chooses.
Special
Features
* Discounts of up to 50% apply
* Index Linking
* Reduced pricing as premises sum insured increases
* Fire Brigade Charges included as standard up to €20,000
* New for old cover
* No average clause
* Free 24 hour emergency helpline
* Fast and reliable claims handling
* Monthly payment free of charge
For
further details contact our offices
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Members
are eligible to join our group schemes and avail of the
appropriate discounts.
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Presently
we provide
*€
Drafts
No foreign exchange services presently offered.
Commission
charges are minimal and foreign exchange cheques are subject
to daily exchange rates.
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Loan
Protection
What
is Loan Protection Insurance?
In the Credit Union, the outstanding loan balances of eligible members
are automatically insured (up to certain limits) at no direct cost
to the member.
You can take out a credit union loan in the full confidence that your
dependents
will be protected against your debts, should you suffer death or (
under most contracts) total or permanent disability for any occupation.
Who is eligible?
Every Credit Union borrower ,whether in employment or not, is eligible
for loan protection insurance provided they: * Have not reached their
85th Birthday
* Have signed a promissory note when the loan is granted
* Are actively at work (or able to carry out the normal duties of
their occupation)
* If not working, are in good health
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Other members may be eligible providing satisfactory evidence of good
health is submitted to the insurer
Is the amount of cover limited?
Loan protection cover is usually granted to eligible members up to
a maximum
limit of €40,000. Death cover ceases on a member's 85th birthday)
What else does Loan Protection Insurance cover?
Most Credit Unions also have disability cover which provides protection
should
a borrower become totally and permanently disabled for any occupation.
This
disability cover ceases on a member's 60th birthday.
Who pays for Loan Protection Insurance?
The Credit Union pays for this service out of its earnings. You, as
a borrower,
pay no individual charge.
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Life
Savings Insurance
What
is Life Savings Insurance?
Depending on your age, the Credit Union will provide , upon your death,
insurance benefit on your savings.
Benefits
When
you save in a Credit Union your money entitles you to Life Savings
Insurance benefit of up to a maximum of €13,000 on your savings.
Who pays for Life Savings Insurance?
The Credit Union pays for this unique service. You, as an eligible
member, pay no individual charge. Who is eligible? You are entitled
to Life Savings Insurance cover when you save in your Credit Union,
if you are:
* under 70 years of age
* actively at work (or able to carry out the normal duties of your
occupation)
or if not working, in good health.
How does Life Savings Insurance work?
The amount of insurance benefit on savings which a member is entitled
to is in
direct proportion to their savings and their age. In your Credit Union,
every €1.27
you save
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Age
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Cover
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Before
55
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Provides
€1.27 of Insurance
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During
55 to 59 Inclusive
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Provides
75c of Insurance
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During
60 to 64 Inclusive
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Provides
50c of Insurance
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During
65 to 70 Inclusive
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Provides
25c of Insurance
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In addition
to LP / LS this has been designed to relieve the burden of bereavement
costs.
You,
the Credit Union member, are eligible for this cover provided you
have joined the Credit Union before age 70 years, are, or have been,
eligible for cover under the Life Savings Policy and have remained
a member of your Credit Union. Having qualified, a member who becomes
ill does not lose benefit under this insurance cover.
The
basic benefit is € 3,250, payable on the death of the member.
Death Benefit Insurance is provided to members by an additional members’ contribution of € 10.30 per annum with the minor’s charge set at €1.44
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Ideal
for a variety of smaller type expenses where members would be reluctant
to borrow, such as Christmas, Holidays, TV Licences, ESB Bills, School
Books, Car Tax, Insurance.
The following
conditions apply:
* Only members of Raheny Credit Union may use Saving Stamps
* Only Raheny Credit Union Stamps may be affixed to books
* No responsibility accepted for lost Stamps
* Stamps affixed to cards are not transferrable
* Stamps may be redeemed for cash on full pages only during our normal
opening hours
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This money
advice and budgeting service is provided in conjunction with Dublin
North East M.A.B.S. who are funded by the Department of Social, Community
and Family Affairs. Members lodge a prescribed amount of money to
their M.A.B.S. account with Raheny Credit Union and the proceeds of
this are forwarded monthly to Dublin North East M.A.B.S. who pay agreed
amounts to the appropriate creditors.
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Home
Union | VHI/BUPA | Foreign
Exchange | Loan Protection/Life Savings Insurance
Death Benefit Insurance |
Savings Stamps | M.A.B.S |
