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Photography : Ken Wright Last Updated: 14, Aug 2009 - 07:16

New Credit Union Pension Service
By Ken Wright
13, Aug 2009 - 20:42

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Castlebar Credit Union has launched a new Pension-PRSA (Personal Retirement Savings Account) service exclusively for its members. From today, members can set up a PRSA pension plan at their local Credit Union.
Castlebar Credit Union now offers members an ideal pension service through Zurich Life. Castlebar Credit Union has launched a new Pension-PRSA (Personal Retirement Savings Account) service exclusively for its members. L-R; Ciaran Shanally, Zurich Manager Direct Sales Division, Thomas Hynes, Zurich Manager Consultant, Anne King, Costs Manager Credit Union, Jack Loftus, Treasurer Credit Union. Photo © Ken Wright Photography 2009.

This new service has become available due to a partnership initiative between the ILCU (Irish League of Credit Unions) and Zurich Life Ireland (formerly known as Eagle Star Life) announced in March 2007. ILCU member credit unions are now able to offer Eagle Star PRSAs to their members under this partnership agreement. The link-up followed demand for pensions among credit union members and the signing of a new regulation by the then Minister for Finance, Brian Cowen.

This initiative shows the commitment of Zurich Life and Credit Unions to help members choose how they put in place their financial plans - when they decide to avail of the local personal service that their Credit Union offers.

Zurich has established a record of financial strength that few companies can match and when you combine this with market leading investment performance and service excellence, it is easy to see why one in every three PRSAs is with Zurich Life (source: Life Strategies). 

So for credit union members this is really the ideal pension choice.

About Zurich Life
Zurich Life in Ireland is a member of Zurich Financial Services Group (Zurich), an insurance-based financial services provider which enjoys a Standard & Poor’s Financial Strength Rating of AA - and has a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries.

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