Blessington Credit Union hosts AGM
The AGM of Blessington & District Credit Union Limited was held in the Avon Rí hotel on Thursday last where it was outlined that the total of new loans issued grew by over a million Euro, from €5,243,796 to €6,256,450 - an increase of 19.3 per cent. The meeting was well attended and chairman Michael Doyle reported on another successful year.
The total assets of the Credit Union grew from €42,635,363 to €45,663,115 - an increase of 7.1 per cent. With a surplus of €869,404 for the year the board of directors was pleased to recommend the payment of a dividend of 0.25 per cent on shares and a loan interest rebate of 5 per cent.
In his address the chairman paid special tribute to retiring directors Con Flynn and Breda Brophy on their remarkable record of service to the Credit Union.
They had both been on the board of directors for over 40 years. Charles Murphy, president of the Irish League of Credit Unions, joined in the tribute to Con and Breda.
Mr Murphy said they wouldn't just be a great loss to Blessington Credit Union but also to the wider credit union movement after a lifetime of involvement.
Another highlight of the meeting was the draw for two cars and a number of substantial cash prizes. The lucky car winners were Aidan Gilheany senior from Blessington and Michael Bradshaw from Ballymore Eustace. All the winners are now listed on the Credit Union's Facebook page.
The chairman also outlined the board's position in relation to licences at the Enterprise Centre owned by the Credit Union and dealt with questions which had been raised by members prior to the meeting. He also answered any further questions which came from the floor of the meeting.
The board welcomed the opportunity to outline to members its position on this issue which had attracted some recent publicity.
The chairman thanked the management and staff for their commitment to the highest standards of customer service.
He thanked the volunteers who serve on the board and committees of the credit union. He appealed for more members to get involved as volunteers, as this has always been a vital element in the community ethos of the credit union. The chairman thanked everyone for attending and wished all members well for the coming year.