Abbey Credit Union Ltd. also offers all eligible members insurance services. Some of these insurance services are paid for directly by the Credit Union. The insurance cover currently provided for by Abbey Credit Union Ltd. in respect of eligible members is:

  • Loan Protection
  • Life Savings Insurance
  • Death Benefit Insurance

Loan Protection Insurance


In Abbey Credit Union Ltd., the outstanding loan balances of eligible members are automatically insured at no direct cost to the member. This means the loan debt will be wiped clean in the event of the member’s death. Members can take out a credit union loan in the full confidence that their dependents will not have to pay the loan off on death and total and permanent disability for any occupation. Banks and other financial institutions charge a separate insurance premium on top of loan repayments for this service.

Loan Protection Insurance is payable subject to policy terms and conditions.

  • The insurance benefit payable is the amount of the member’s outstanding loan balance
  • Cover ceases on the member’s 85th birthday

Loan Protection Insurance is provided to members at no direct cost to them. This product clears your outstanding loan balance in the event of death subject to policy conditions. In the event of your death, E.C.C.U. (the credit union insurance company) will clear your loan balance — it will not have to be paid off from your savings or by your family!

This product covers your outstanding loan balance in the event of death (subject to policy conditions)

Every borrowing member is eligible for Loan Protection Insurance if they are:

  • actively engaged in the usual duties of his/her livelihood on the date they receive
    the loan, or
  • if not working, that they are in good health and capable of performing the usual duties
    of their livelihood on that date.

Insurance cover on loans ceases at age 80. Members pay no individual charge.

Life Savings Protection

Abby Credit Union provides Life Savings Insurance at no direct cost to its members’ eligible savings. The amount of insurance benefit payable on the death of the member is based on the age of the member at the time the savings were lodged. The amount of insurance benefit payable on the death of the member is based on the age of the member at the time the savings were lodged. (Conditions Apply).

Eligibility Eligible Savings are those that

  • are lodged before age 70 up to a maximum of £15,000,
  • remain intact in your account, and
  • are lodged whilst you were at work or, if not working, in good health.


Death Benefit Insurance

Death Benefit Insurance Death Benefit Insurance (DBI) is a member pay product. This product provides a one-off payment of £2,500 to your next of kin to help meet funeral costs in the event of your death. Eligibility Eligible members are those who joined the credit union before age 70 and who have sufficient funds in their shares. For further information on any of our insurance products please contact the Treasurer or Assistant Treasurer. 

Insurance Cover on Savings Savings Death Benefit Cover
Age under 55 Every £1 provides £1 of Insurance
55 -59 Every £1 provides 75p
60 – 64 Every £1 provides 50p
65 – 69 Every £1 provides 25p Insurance

Coming Soon

<! is a new suite of insurance services brought to you by credit unions and AIG. offers great value to credit union members on home, car and travel insurances.

How to get a quote

Credit union members can get a quote for coveru home, car or travel insurance:

  1. Online via the website at
  2. Over the phone by contacting AIG Customer Service 1890 410 410

AXA Insurance

Your Credit Union and AXA.

Saving you money.

Get up to 15% credit union discount , just confirm that you are a member of your Local Credit Union.

Get a quote today 02892 445566 OR go to 

These discounts may be amended or withdrawn by AXA at any time. Terms and conditions apply. Credit Union membership discount cannot be used with other offers. AXA Insurance Ltd. is regulated by the Central Bank of Ireland. Abbey Credit Union Ltd. is regulated by the Central Bank of Ireland and is acting solely as an introducer to AXA Insurance Ltd.



Abbey Credit Union