Erris Credit Union Limited, Upper Barrack Street, Belmullet, Co. Mayo
097 82388
Our Credit Union is for People, not profit!



Erris Credit Union Limited also offers all eligible members insurance services. Some of these insurance services are paid for directly by the credit union and others are paid directly by the member. The insurance cover currently provided for by Erris Credit Union Limited in respect of eligible members is:

  • Loan Protection
  • Life Savings Insurance
  • Death Benefit Insurance

The "member pay" services currently available are:

  • Death Benefit Insurance
  • Travel Insurance - get a competitive quote through
  • Home Insurance - get a competitive quote through
  • Car Insurance - get a competitive quote through
  • Repayment Protection Insurance (RPI)
  • Private Health Insurance schemes


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One of the attractions of a loan with the Erris Credit Union Limited is that Loan Protection Insurance is is the built in Loan Protection Insurance. It repays the balance the loan in the event of a member’s death. Cover is available for those in good health or carrying out normal occupational duties and who have not reached their XXth birthday at the time the loan is granted.

In Erris Credit Union Limited, the outstanding loan balances of eligible members are insured at no direct cost to the member. Should a member with an outstanding loan balance die, the balance is repaid in full, subject to terms and conditions and certain cover limits which apply. You should enquire when making your loan application to see if you are eligible.

If you are an eligible member, this means that you can borrow from your credit union in the full confidence that your dependents will not be obliged to repay the outstanding loan balance in the event of your death.

The outstanding loan of a member who suffers total and permanent disability for any occupation before his/her XXth birthday is also repaid.

  • The insurance benefit payable is the amount of the member’s outstanding loan balance
  • Cover ceases on the member’s XXth birthday
  • The cover extends to include total and permanent disability from any occupation. In the event of the member becoming totally and permanently disabled for any occupation then the benefit will be paid.
    1. The total and permanent disability must be medically determined
    2. The total and permanent disability must commence before the XXth birthday

Life Savings Insurance is the life insurance cover provided to Erris Credit Union Limited members as a member benefit i.e. it is provided at no direct cost to you and as an incentive to save regularly. Life Savings Insurance is payable on the death of the eligible member, subject to policy terms and conditions.

The amount of insurance benefit to which a member is entitled is in proportion to the amount of savings the member has made during the term of membership, and depends on the member’s age at date of lodgement.

Amounts saved after the XXth birthday are not insured. However, cover built up before the XXth birthday remains in force after the XXth birthday as long as the savings are left in the credit union. Withdrawals may affect the amount of insurance payable in the event of a claim.

We have extended cover to include the “Accidental, Death and Dismemberment” Rider. Under this extension the amount of the Life Savings claim is doubled if the member dies as the result of an accident. Also if the member looses a limb or sight as the result of an accident then a benefit may be paid to member. The amount of the benefit is based on the savings that the member makes during the term of membership and the age that lodgments are made.

In addition to Loan Protection/Life Savings Insurance we offer members an additional Death Benefit Insurance designed to relieve the burden of bereavement costs.

Cover for a sum of €X,XXX is currently €XX.XX for 12 months cover


DBI is provided at no direct cost to you. Cover is currently €X,XXX.

There are X group schemes that can be accessed through your local credit union:

  • Aviva Health Insurance
  • Laya Healthcare
  • VHI

By choosing your private health insurance scheme through your credit union you will receive the group discount rate on premiums.

Contact us today for more information