Tralee Credit Union Limited is committed to enhancing benefit and choice for its members through a range of financial services These services will be delivered with integrity within the operating principles of the credit union movement Tralee Credit Union will lead and promote best practice in everything it does ” Tralee CREDIT UNION LTD
The submitted funding proposal is designed to ensure that the scheme could reasonably be expected to satisfy the funding standard as at 1st March 2019 and provides for a retirement contribution rate of 27 7 The cost of risk benefits is payable in addition giving a total contribution rate of 30 of pensionable salary
integration of Killorglin Credit Union into Tralee Credit Union From an operational prospective the transfer went very well with the accounts and data transfer going without any problem Small differences in the way we transact our business meant that members in Killorglin faced queues and staff were under pressure until the changes settled in
The Program pays a fixed monetary benefit on the death of a Credit Union member who is a member of full cost of his or her cover to the Credit Union for the Program period in which the member’s death occurs The fixed benefit in the initial Program period from 1 August 201 8to 31 December 201 is €600
death Theamountofthe“paidup”benefit willbelessthantheoriginalcoveramount youchoseanddetailsofitscalculationare explainedinthenextsection 1 Ifthepremiumdueduring thegraceperiodisnot receivedandyouhavemade lessthan5yearspremium paymentsthencoverunder yourpolicywillend immediately Yourpolicywill thenceaseitwillnotbe possibletomakeaclaimon
The premium in respect of the Member Death Benefit program will be paid by your credit union to its insurer on your behalf at the start of the benefit period and the cost of your cover for a the respective annual (or part year) period will be deducted by your credit union from your DBI account
The Programme pays a fixed monetary benefit on the death of a Credit Union member who is a member of the Programme at the date of death and has paid the full cost of his or her cover to the Credit Union for the Programme period in which the member’s death occurs The benefit is €3250 The benefit may be varied by the insurer at a