Dundalk Credit Union – Strong Foundations. Vibrant Future.
:: AGM 2016 To Hear Good News For Savers
& Borrowers :: Another Positive Year For Dundalk Credit
Union
THE more than twenty four thousand members of Dundalk Credit Union will be delighted to hear that their Credit Union has had another positive year.
Speaking ahead of the Credit Union’s AGM due to take place on 5th December 2016, Tom D’Arcy, Chairman, commented that “We are delighted to be proposing to the AGM that we return almost €2m directly to members by way of a 1 % dividend and an increased loan interest rebate of 12.5%.” Tom continued pointing out that “the Credit Union issued over €19m in new loans in the year to the end of September– an almost 30% increase on 2015 – a really excellent performance”
12.5% Loan Interest Cash Back Scheme
Billy Doyle, Manager, points out that “the 12.5% loan interest cash back / rebate is part of a 3 year Scheme introduced last year by the Credit Union to reward existing borrowers and to promote additional lending to new borrowers.”
He added “Providing credit to members at affordable rates will remain our core purpose and service into the future. I want to assure all members and soon to be members that Dundalk Credit Union is open for lending and has the capacity to approve all big or small loans for those members who meet our lending criteria and can afford the repayments”.
So whether it is for Christmas, changing the car, help with college fees, holidays, building that extension or even paying off a costly bank loan why not contact Dundalk Credit Union today where a fantastic low interest rate of just 6.99% (APR 7.2%) applies to all loans.!
New 2021 Strategic Plan
Mr Frankie Watters, Director, points out that Dundalk Credit Union has issued over €200m in loans and paid out in excess €28m in dividends since the great recession started. He said the Credit Union has a very ambitious new 5 year strategic plan which includes the following key objectives:
• A major expansion of loan products and lend
ing distribution channels • A doubling of the existing loan book over the
coming 5 years • A modernisation of all information technology platforms • A deepening of the Credit Union’s involvement
in the local community of Dundalk • A continued focus on providing excellence in services to members. He concluded by saying “The pioneers who founded Dundalk Credit Union almost 50 years ago were not short of vision or ambition and the current Board and management are conscious of their responsibility in this regard also”.