March 31, 2020
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SPONSORED: Thomastown Credit Union AGM – loan book grows with big demand for cars, weddings and home improvements

A year of service to the community was outlined at the Annual General Meeting of Thomastown Credit Union.

The loan portfolio of the Credit Union grew by €1 million last year with an increase in demand for loans for home improvements, cars, weddings and education.

DIVIDEND

The AGM in Thomastown heard that a dividend of 0.1% was approved for share accounts and an interest rebate of 20% was approved on all loans. A total of 1,064 members will benefit from this payment. Both payments have been lodged to members’ shares and are available to withdraw at all times.

DIRECTORS

The Board of Directors thanked all members who attended the meeting. The meeting heard that Frances Murphy, Anthony Roche, and Paul Dunne are retiring from the Board of Directors. Ignatius McComb, Marie Daly and Mairead Rohan are retiring from the Board Oversight Committee. The new Board of Directors for 2020, elected at the AGM, were: John Byrne, Valerie Cotter, Clare O’Brien, Jacqueline Hoyne, Kevin Kelly and Noelle Roche.

LOANS

The Board has extended the personal loan rate of 6.6%APR until June 2020. If you are interest in this offer, please contact the office. Thomastown Credit Union has a 97% approval rate. All loans are subject to the criteria set out in the credit policy.

CANON CARROLL SCHOLARSHIP

The AGM offered congratulations to this year’s winners: Sam Kirwan, Jack Cahill Jessica Maher. Orla O’Sullivan and Tom Bolger

VOLUNTEERS

The meeting said a special thank-you to Marie, Mary, John and Seamus who organised the community centre and to Kullens Kitchen for the selection of refreshments served after the meeting. All credit union governance roles are voluntary position. Every year the credit union looks for new volunteers to serve on the board and various committees. If you are interested in volunteering in the Credit Union, please contact Anne Marie CEO Daly on 056 772 4445 or call into the office.


In the past 12 months, Thomastown Credit Union has issued almost €4 million in loans to members.
People have borrowed for home improvements, cars, medical expenses, education, communions, confirmations and holidays.

Much of this money circulates locally, boosting the economy of the area served by the Credit Union. This district, known as the Common Bond area, includes Ballyhale, Knocktopher, Inistioge, Stoneyford, Dungarvan, Bennettsbridge and, of course, Thomastown itself.


When you apply for a loan through Thomastown Credit Union you can be sure of a fair hearing and an honest and transparent process.


Thomastown Credit Union’s loan terms and conditions are straightforward. There are no hidden fees or administration charges. Staff will work with the borrower to ensure loan repayments are structured in a way that best suit their circumstances.


Its Thomastown office is open every Monday, Tuesday, Thursday, Friday and Saturday. The Bennettsbridge
office is open every Wednesday and there is late opening on Friday nights, from 7 to 9pm.


To make an appointment call 056 772 445 or log on to: http://www.thomastowncreditunion.ie

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