Credit union savings

Can I access some of my savings from credit union? I have a loan but it's all up to date regarding payments. I'm really struggling after Christmas and my oil has just run out, I really don't know how I'm going to manage if I don't get some money

If your loan is less than your shares they will let you withdraw, but if not the loan is secured against the shares to my knowledge. Maybe give them a call and check.

Was limiting people from accessing their savings due to loans not deemed to be illegal or something to that effect?

The only way to find out is to ask the Credit Union.

They might not let you access your savings, but they might give you a fresh loan.

Brendan

AsV Biiz74 said. Any savings since loan was drawn down can be withdrawn.

The credit union can allow you to reduce your savings as long as they don't fall below 25% of current loan balance, provided they have confidence in your ability to repay.