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Welcome Credit Union Members

Credit Union Managers

Credit Union Managers

  • Would you like to create a new revenue stream for
    your Credit Union?
  • Would you like to provide your members with a new
    service?
  • Would you like to add a full Financial Planning
    service to your business without any money outlay?
  • We provide a National Service covering all of Ireland.
  • Trusted by 1000’s of credit union members in Ireland.

Find Out More About Becoming A

CU Insured Partner Today

Working With Your Credit Union

CU Insured provides our Credit Union partners with a new and sustainable revenue
stream which is not reliant on Interest earning income.

This counterbalances the pressure on income derived from the Loan Book and Investment
Returns on Member deposits. The service is exempt from formal Central Bank approval under the
revised Rules pertaining to Additional Services.

What does the Scheme cover?

The Scheme provides Regulated Financial Advisory Services to
Credit Union Members.

  • Mortgage Protection
  • Pensions
  • Life Assurance
  • Regular premium Savings Plans
  • Serious Illness Cover
  • Investments
  • Personal Accident Cover
  • Income Protection
  • Funeral Care Cover
  • Mortgage brokerage services
  • Estate Planning

How We Deliver Our Services To Your Members

Dedicated Team

  • National Financial Advisor Team
  • CU insured will provide a dedicated Financial Advisor to attend your Credit Union on designated days each week to undertake pre-booked reviews with members. These reviews will be undertaken free of charge on a non-obligatory basis. Furthermore, any recommendation for new products will be fully endorsed through a rigorous Needs Analysis basis which meets with the highest Regulatory Standards currently in force in the Industry. At the heart of the review is the core ethos of “adding value to the member” and any advice given “being in the best interests of the member”.

Training

  • All training undertaken by CU Insured with your staff

Management Reporting & Legal

  • Management Information provided to key Stakeholders within the Credit Union
  • Personalised Service Level Agreement to audit account performance

Personal Financial Reviews For Your Credit Union Members

  • Face-to-face Account Reviews undertaken each month/quarter

Marketing

  • Marketing Campaign to promote services, pre and post launch

Credit Union FAQ's

Your Credit Union will require Retail Intermediary Status to proceed. On the basis that this status is in situ, our Scheme is approved under the auspices of “Additional Services on an Introducer Basis” (Credit Union Act 1997, Part 9 – Services Exempt from Additional Services Requirements, 22 – Insurance Services on an Introduction Basis) and as such is exempt from any formal application process with Central Bank. Implementation can be secured with your own Board Approval and notification of such being sent to your Central Bank Supervisor.

There are no Member Funds put at risk at all in the delivery of the service. This follows Central Bank rules pertaining to “Additional Services on an Introducer Basis”. To further protect the credit union in the unlikely event that a Member would name their credit union in any case brought to the Ombudsman for inappropriate selling or bad advice, CU Insured have secured an Endorsement on our Professional Indemnity Certificate with our Insurers which fully indemnifies the credit union.

There is an element of Reputational Risk involved in having any Third Party deliver services to your Members. To mitigate this, however, CU Insured will implement a personalized Service Level Agreement with you which governs the standards of service we operate to on your site. Our performance against these standards are monitored and managed by the credit union with financial and contractual penalties for serious non-conformances and/or failures.

The Scheme requires NO formal Central Bank approval as it is regarded as an “exempt service”. Therefore, simply Board approval is all that is required to implement the Scheme. Following this approval, a Letter of Appointment needs to be signed between both parties together with a Service Agreement. A detailed Implementation Plan will them be drafted outlining the timeline and tasks required to be completed in order to get to an agreed date to launch the Scheme to your members.

Who Are CU Insured?

CUinsured Ltd – (Central Bank registration number C152488), is a fully licensed, independently owned Insurance Intermediary operating in the Irish Republic. The two shareholders and directors of the Company are Eamon Lynch MSc (Hons), CFP®, QFA and Mike Mulrenan MSc (Hons), CFP®, QFA. They are based in Limerick and provide financial advice on credit union sites across the country, dedicated to servicing the needs of credit union members, only.

What happens next?

Step 1

Board Approval

Step 2

Sign Service Agreement

Step 3

Formulate Detailed
Implementation Plan

Step 4

Agree Launch Date

Credit Union News

Credit Unions We Work With

CU Insured have maintained a strong presence in St. Ailbe's Credit Union for the past 2 years, providing what we consider to be an extra service for our members. Because of the fact that our CU Insured rep Ger Griffin, is available in our office, it means that our members can meet with him for professional & impartial advice at a time & place that is suitable to them.
An additional service for members at no extra cost --- great for everyone.

Áine, St. Ailbe’s Credit Union

Tallaght & District Credit Union has been offering CU Insured’s services to our Members for two years. Thank you CU Insured for enhancing our services for our Members and we look forward to the next few years.

Pauline, Tallaght & District Credit Union

We have been involved with CU Insured since 2014 and have found the service to be of immense benefit to our members. We have found our members are keen to explore other financial products and CU Insured has been ideally positioned to assist them. In this regard we have widened our own member services with minimal strain on our own resources.

Patrick, St. Dominic Credit Union

CU Insured offers members valuable protection should they encounter unforeseen events that impact their income and allows them to provide for their family should the unthinkable happen. CU Insured are very professional and all members who meet we our CU Insured representative Colman Hanly are very satisfied with the professional service they receive. It is a valuable addition to the services offered by Athlone Credit Union Limited.

Liam, Athlone Credit Union

It is important for all credit unions to ensure that they remain relevant to their members. To do this credit unions need to be in a position to offer a broad range of financial products and services to help meet member expectations. Through our strategic alliance with CU Insured, Roscrea Credit Union can now meet those expectations. Under the one roof, RCU offers members a range of traditional credit union products coupled with a full suite of new products from CU insured. Feedback to date is excellent and our members are delighted with our insurance representative Ger Griffin and all the advice he gives.

Brian, Roscrea Credit Union

Our partnership with CU Insured has allowed us to offer our members an additional service, safe in the knowledge that they are receiving independent professional financial advice and has created an additional income stream for the credit union. In association with CU Insured we are able to fill a service gap and thereby providing our members with an all round offering.

Vivienne

Credit Union We Work With

Contact US

We are members of
Brokers Ireland and regulated by
Central Bank of Ireland.
Registration Number C152488

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