Because Protecting You and Your Loved Ones Matters
St. Dominic Credit Union is delighted to offer a free financial review service for our members through CUinsured.
CUinsured has been established for the purpose of helping Credit Unions across Ireland to develop a new income stream which is not reliant on traditional ‘interest earning’ routes.
Economic and regulatory conditions over recent years have resulted in Credit Unions experiencing revenue margins being squeezed. Restrictions on investment options coupled with a more difficult lending environment have meant that many Credit Unions have seen earnings eroded.
This initiative, which is approved by the Central Bank of Ireland under the ‘Additional Services on an Introducer Basis’ rules provides Credit Unions with the ability to earn income from Life Insurance and Protection products made available to members via our dedicated team of financial advisors. Through Revenue sharing arrangements, Credit Union can earn a passive income by offering additional services to their members.