22nd February 2024
The Irish Deposit Guarantee Scheme (“DGS”) covers deposits held in banks and credit unions in Ireland authorised by the Central Bank of Ireland.
10th July 2020
10 July 2020: Deposit Guarantee Scheme Payments Issued.
Following invocation of the Deposit Guarantee Scheme on 2 July 2020, the DGS has issued compensation payments by cheque to approximately 4,600 members of Drumcondra and District Credit Union. The total amount of compensation paid amounts to approximately €12.9 million representing over 95% of eligible deposits covered by the Scheme. Members should start receiving their payments shortly.