Credit Union AGM ;
There was a large attendance of members at the Annual General Meeting of Kingscourt Credit Union, which was held in the Matt Talbot Hall on Wednesday 18 th. December.
In the chairperson’s report (Mr. Brian Rafferty) stated despite very difficult trading conditions our credit union successfully continues with its core business of saving and lending to its members. Our shares, which have been decreasing in recent years, have now stabilised at € 34.5 million- the same as last year. Our loans, however, continue to reduce – down to € 9.1 million, a decrease of € 1 million on last year.
The message I would like send from this meeting is that the Credit Union is in a very strong financial position. We have funds to lend and unlike other financial organisations we are lending.
The Credit Union continues to involve itself in community affairs, with donations to many local charitable causes and offer sponsorship to a variety of organisations . We support our local schools/students with primary school step up grants and third level scholarships. We successfully organise school quizzes and art competitions. The credit union Car Draw every 2 months attracts tremendous interest and affords the credit union very valuable publicity. He thanked the Board of Directors, supervisors, manager and staff for their selfless work during the past year.
At the meeting a draw was held 16 step up grants to students as follows, @ € 150 each also 14 Third level scholarships @ € 750 each .
Members loans granted during the year amounted to € 3,873,242
The Credit Union since its founding in 1971 has provided a very valuable service to its members and wider community and now has over 7,000 members.
Christmas Mass Times;
Christmas Party ;
Social Services, Christmas Party, on Sunday 12 th. January 2014, at 2.00.pm in Cabra Castle Hotel, booking at “The Well” before 6 th. January
Christmas Festivities ;
During the past few weeks there has been a considerable build up in the town, as shoppers make their way in seeking out that special present in time for Christmas, with most parking spaces occupied. All shops in the town are full of gifts and suitable presents to suit their needs.
There will be the usual influx of returning holiday makers to spend the Christmas festivities with their families