Management of Cara Credit Union has defended its decision to reduce the Death Benefit Insurance for members.
On Monday, the financial co-operative circulated a note to members to inform them that the insurance was to be reduced from €1950 to €1000.
Cara is the largest credit union in Kerry covering Tralee, Castleisland, Killorglin, Ballyduff and Causeway.
Pa Laide, CEO of Cara Credit Union, said the service was costing €600,000 in claims a year, the second highest expense after wages.
Mr Laide said it was a tough, but fair, decision.