Athlone Credit Union Ltd lends €13 million to local community in 2022

Athlone Credit Union Ltd has reported its 2022 year-end results which remain steady, despite the continued economic challenges.

The credit union has provided €13 million in loans to the local community over the past year. Membership has grown by five percent in the year and savings have increased by €2.1 million. Athlone Credit Union continues to work hard in order to ensure that its valued members are receiving the best service possible.

“Athlone Credit Union continued to be there for its members during 2022, albeit in a very challenging economic environment. With the withdrawal of KBC and Ulster Bank from the Irish banking landscape there is a clear path for credit unions to grow as a key provider of community banking in the country. Athlone Credit Union remain committed to our local community and are well placed to provide a range of banking services to members.

“The cost-of-living crisis had become more and more prevalent in recent months; Athlone Credit Unions remains a vital and accessible provider of affordable and ethical financial services for our members in Athlone. We remain rooted in our local community and wish to remind people that we are here to help with their personal financial needs.

“Athlone Credit Union has continued to serve its members and our focus throughout the year has been to continue to work in a way that best works for our members. In 2022 we launched our new current account and debit card, offering everything you could want from your current account. We also launched a host of ‘green’ loan products such as Greenify which offers a discounted loan rate for any green home energy upgrades or retrofits and our ‘Go Green’ car loan which offers a discounted rate for the purchase of an EV, hybrid vehicle or green alternative to petrol or diesel models. We know our members value the face to face service we provide.

“Our focus for 2023 will be to continue to work in a way that best serves our members, for that reason we are pleased to advise that the Boards of Directors of Athlone Credit Union Limited and Castlerea and District Credit Union Limited are in a position to ask our members to approve the transfer of engagements, of Castlerea and District Credit Union Limited to Athlone Credit Union Limited. The Combined Credit Union will be known as Athlone and Castlerea Credit Union Limited.

“The Special Resolutions to approve the Transfer of Engagements will be voted on at the Annual General Meetings on January 23. The proposed merger between Athlone Credit Union and Castlerea and District Credit Union arises from the belief of the Board of Directors of both credit unions that our members can be better served together and we consider it an ideal opportunity to grow and develop our services to members locally. The Boards of both Credit Unions are confident that our decision to combine our Credit Unions will strengthen our position to be the most trusted, respected and preferred financial services provider for our members, providing good value, modern, accessible and tailored services.”

“We also want to take this opportunity to thank all of our members for their loyalty. Working together with our members, we will remain a cornerstone of the local community, and weather the current challenges we face. At Athlone Credit Union, we recognise and appreciate your support. For this we thank you and assure you that, together and with your continued loyalty, we will continue to make a positive difference to our community.

“Athlone Credit Union’s AGM will take place virtually via Zoom in on Monday, January 23 at 7pm. We look forward to seeing you, our members, there, and we will welcome any questions that you may have or any other issues you may wish to raise during the meeting,” Mr Michael Evans, CEO from Athlone Credit Union, said.

Members wishing to attend the Virtual AGM by Zoom need to request an invitation to join by emailing [email protected] please include the Following information: Name, Address, Member Number, Email Address.

Request for attendance must be received by 5pm on Friday, January 20.


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