As a retired member of Comhar Linn, you might wonder if maintaining an active account still offers
you significant benefits. The answer is a resounding yes!
Credit unions are unique financial institutions, and our not-for-profit structure means we are
committed to serving our members, not making profits for shareholders.
Top benefits of Comhar Linn Membership once you retire:
 Account Nomination
A unique (and free) feature of credit unions is the ability for members over 16 to nominate
beneficiaries for their accounts. A member can nominate a person(s) of their choice to receive up to
€27,000, bypassing the often lengthy probate process.
The nominated property does not form part of the deceased’s estate, allowing access to nominated
funds by the nominee within a very short period of the member’s death. And while it will not relieve the
loss suffered by the nominee, it reduces potential cash-flow difficulties.
You may change your nominee(s) choice as many times as you like, once the form is signed and
witnessed.
 Insured Loans
Loans with Comhar Linn are insured at no direct cost to you. Should the unforeseen happen, the
insurance policy will cover your loan balance, relieving your family of any financial burden. This peace
of mind is particularly valuable in retirement, knowing your financial responsibilities are covered.
 Flexible Loan Repayments
Comhar Linn offers remarkable flexibility with loan repayments. If your financial situation changes, the
credit union will work with you to adjust your repayment terms. Moreover, if you’re able to repay your
loan faster than planned, you can do so without incurring penalties or additional fees. This flexibility
ensures that your financial plan remains manageable throughout your retirement.
 Shares (savings)
If you’re considering where to invest your lump sum, bear in mind that as of July 2024, you can save
up to €100,000 with Comhar Linn.
 Share (savings) Insurance
Comhar Linn offers life savings insurance at no cost to members. This insurance is payable on the
death of an eligible member subject to the policy terms and conditions. Comhar Linn INTO Credit
Union has a maximum cover limit of €13,000.
The amount payable in the event of death is determined by the member’s age at the time that
deposits are made. The amount of insurance is in proportion to the value of shares a member has at
certain ages.
This insurance is subject to policy terms and conditions but simply summarised, the following rules
apply regarding savings:

• Any savings lodged by a member on or after age 70 will not form part of the benefit
  calculation and,
• any withdrawals of savings may reduce any benefit payable and,
• any savings lodged must be done when the member was actively at work and regularly
  performing all the usual duties of their occupation or when they were in good health.
   Free Automated Regular Payments
  As an active teacher, you may have availed of our ‘Deduction At Source’ facility whereby deductions
  were taken directly from your fortnightly pay and paid into your Comhar Linn savings and/or loan
  account(s).
• As a retired teacher, you can continue to avail of this service, with the payment source becoming your
• pension payments (as opposed to your salary).
•  Budget Account
• Don’t struggle with managing bills once you’ve retired. It’s challenging for all of us to keep on top of
• rising costs these days, and for those who would like a little guidance and support, we offer a Budget
• Account to members at a small annual fee.
• Comhar Linn’s Budget Account facility is an efficient, stress-free way of managing your bills. We offer
• a personal one-to-one service whereby we plan your monthly and annual outlay together. Our Budget
• Account service guarantees your bills are paid on time, giving you peace of mind that you’re on top of
• your finances & are prepared for a rainy day.
• You can apply online or download our application form. A friendly member of our team will then be in
• touch with you. Should you require support completing the application please feel free to give us a
• call 01-873 1011.
•  Member Draw
• You don’t have to leave the Member Draw just because you’ve retired! You can continue to pay into
• the draw through automatic deductions from your pension, in the same way you might have from your
• fortnightly pay when you were working.
• The cost of entry remains a low €1.27 per fortnight, with prizes ranging from €1,000 – €15,000 per
• month.
•  Family Members
• As a relative of an RTAI member your family members are eligible to join Comhar Linn & enjoy the
• many benefits on offer. This extends to any family member, not just those living in the same abode as
• you!
• Many of our retired members have already encouraged their family to join our community, from a
• spouse to siblings and even grandchildren. Remember, we’re stronger together!
•  Volunteer: Meet new people and give something back to the community
• Volunteers are at the heart of every credit union and Comhar Linn is no different.
• The credit union movement is built upon the efforts of thousands of volunteers who give freely of their
• time and skills in the spirit of co-operation.
• Comhar Linn has a fantastic team of volunteers and our Board of Directors is drawn from members
• who have the enthusiasm, commitment, skills and knowledge to lead and achieve its strategic goals.
• Policies, procedures and training are in place to support volunteers and in addition to the induction
• training provided for all new volunteers, ongoing training is available and people are encouraged to
• develop new skills.
• Committees offer an excellent starting point for new volunteers. These committees provide
• experience, learning and an active role within Comhar Linn.
• Benefits of Volunteering with Comhar Linn:
• Gain skills and experience with a financial services provider.
• Education and training.
• Personal development.
• Meet new people and give something back to the community.
  Retired Members: Keep in touch!
  At Comhar Linn staying connected with our members is a top priority. Your feedback is invaluable to
  us, and we encourage you to reach out with any comments or queries you might have. Whether it’s
  about our products, services, or anything else, we’re here to listen and assist.
  To keep you informed and empowered, we blog regularly with updates on our latest offerings and
  share essential tips to help you avoid financial fraud. Stay tuned to our blog for the latest news,
  insights, and advice designed to enhance your financial well-being.

Most of us, as retired teachers, appear to have the same concerns! WE wish to enjoy the fruits of our labours for as long as possible! We also want to enjoy the frugal comforts that our pension allows. That means enjoying the comforts of a warm home. Nowadays, the costs of heating a home have escalated exponentially; electricity prices have soared, weather extremes plunge the country regularly into frigid arctic conditions or cascading floods that sweep away our gardens and walls.

In such conditions, many of us are faced with sudden unexpected and unanticipated expenditures as we face the necessity of installing solar panels, triple glazed windows, external cladding or attic insulation to keep us warm. Why dig into your precious lump sum to purchase such necessaries? The Credit Union is at your beck and call for those small but necessary loans and you can avail of deduction at source to cover the cost of defraying your loan while still keeping hold of your lump sum for a rainy day.
For more information on how to maximise your Comhar Linn benefits or to learn about the
straightforward process of reactivating your account, visit our office in Parnell Square or phone us on
01 873 1011.
Remember, we are here to serve you, so make the most of the advantages it offers!