independent

Sunday 24 February 2019

Community news: Mitchelstown Matters

Mitchelstown Credit Union AGM took place in the Firgrove Hotel on Friday night, with Irish League of Credit Unions Vice-President Gerry Thompson also attending the meeting.

In his report, Chairperson Andrew O'Regan in his report welcomed the gathering.

He outlined how the focus of the board has always been to offer a comprehensive range of financial services at attractive and competitive rates for the benefit of members, while maintaining the Credit Union ethos, which is service before profit.

He declared the Board is delighted to have launched new products and services throughout the past year, such as online banking, which allows members further financial freedom and better accesibility to their shares, which enables them to transfer funds or pay bills online without any fuss.

Membership numbers continue to grow, with footfall at all three offices showing an increase. 2018 continued the strong performance levels shown in recent years.

The Loan Book, in gross terms, increased by €808,502 on the 2017 figure to €13,167,829, and it is the view of the Board that this trend will continue in 2019 through a combination of the new IT System, new products and direct marketing.

The report showed that new loans issued during the financial year amounted to €7.685million euros up from €6.087million in 2017.

On average, 2,000 of the Credit Union members borrow for a variety of purposes - from home improvements; new and second-hand car purchase; holidays; education; car repairs; to replacing the cooker or washing machine.

Members savings increased by €1.7million during the past year, despite the implementation of a maximum shares limit of €30,000 per individual and €60,000 per joint account.

Total expenditure decreased by €170,665 in 2018, which is largely in line with the Board's financial projections as set out in the Strategic Plan.

The Board will continue to monitor spending to achieve best value for its members, and it is confident of achieving these goals through a combination of robust systems of controls and oversight regime in operation within the Credit Union.

In light of the financial results, the Board recommended a dividend and loan interest rebate payment with a total return to the members of €101,311.

This was broken down as follows: a dividend on shares of 0.025 per cent (€14,910) together with a loan interest rebate of 7.5 per cent (€86,401) on standard rate loans.

Currently the Credit Union has 18,222 members; members savings of €64.8million; loan book, €13.2million, and assett size of €77.4million.

 

Caroline’s work is acknowledged

Caroline Casey, the educational road and water safety officer for Cork County Council, has been awarded the Road Safety Authority (RSA) 'Road Safety Officer' award for her work in 2018.

The award was presented to Caroline - who covers the whole county and manages the lifeguards and community road safety promotion - by RSA Chairperson Liz O'Donnell at the 11th annual 'Leading Lights in Road Safety' Awards at Croke Park.

Over the past year she has worked closely with national schools in north Cork to develop workbooks which promote road safety, and she coordinated the RSA's road safety shuttle in many communities including Macroom, Mitchelstown and Skibbereen.

Through her work, Caroline visits a minimum of three schools per week.

Another award winner from Cork was Safety Alliance and Training Ltd, who won the 'CPC Training Organisation of the Year' Award. Drivers attending CPC training acknowledge the hard work that goes into facilitating quality CPC periodic training to professional drivers by providing very positive feedback through the RSA's training evaluation scheme.

A total of 21 awards were presented by the RSA to individuals and organisations in recognition of their commitment and dedication to road safety at the ceremony in Croke Park.

 

Ballygiblin AGM

Ballygiblin GAA club will hold its AGM this Friday in the Enterprise Centre 8pm. The club held a function on Saturday night in Jackie O'Brien's, with the 1993 team that won the County Junior B hurling title honoured.

 

Concern Fast

Mitchelstown Branch Concern held its annual Church Gate collection last weekend before Masses locally. This, along with the 12-hour fast in December made a final total of €5,408. Thanks to all who helped and contributed.

 

Culture walk

A festive culture walk is on Saturday, January 5, with Irish Families Search from Clongibbon Hotel at 3pm. Adults, €5; children free. Book on 087 358 9734.

Corkman

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