There is very long thread on this topic and it goes off on a few tangents. This thread is only about how to set your shares against your loan balance. Credit Union Loan| €12,000|interest rate 9% Credit Union Shares|€4,000|interest rate 0% Net borrowing|€8,000|true rate: 13.5% Interest|€1,080|If you set your shares against your loan... |original|reduction|new| Credit Union Loan|€12,000|-€4,000| €8,000| Credit Union Shares|€4,000|-€4,000|nil| Net borrowing|€8,000|no change|€8,000| Interest|€1,080|-€360|€720|Saving: €360 This thread is not about withdrawing cash when you have a loan insurance any other issue I want this thread to help people to reduce the cost of their loans to credit unions. Any posts which are off topic will be deleted. You are welcome to start off new threads on these other topics.