Kan­turk Credit Union to launch ‘Cul­ti­vate’ agri loans in spring 2019

The Corkman - - COMMUNITY NEWS -

THERE was a large at­ten­dance in Kan­turk Credit Union for a stake­hold­ers’ meet­ing of farm­ers and lo­cal agri-busi­nesses last Wed­nes­day night, 30th Novem­ber.

The Man­ager, Martin Lyons, opened the meet­ing and wel­comed those in at­ten­dance. He ex­plained that Kan­turk Credit Union, along with five other credit unions in the Kerry/Cork re­gion, have come to­gether to de­velop a new farm lend­ing prod­uct called “Cul­ti­vate”. Those present on the night in­cluded; lo­cal farm­ers, lo­cal agri-busi­nesses, dairy co-op­er­a­tives, co-op­er­a­tive marts, farm ac­coun­tancy firms, Mar­cra na Feirme, IFA, ICMSA, Tea­gasc, farm re­lief ser­vices, credit union di­rec­tors and staff.

Bren­dan Heneghan, Cul­ti­vate Pro­ject Man­ager, then gave a pre­sen­ta­tion out­lin­ing the finer de­tails of the pro­ject be­fore the at­ten­dance branched off into smaller fo­cus groups so ev­ery­one could give their feed­back and have their voices heard. This feed­back was very pos­i­tive and those present felt that there was an op­por­tu­nity in the lo­cal farm­ing com­mu­nity for Kan­turk Credit Union to build up stronger re­la­tion­ships with mem­bers of the lo­cal farm­ing com­mu­nity go­ing for­ward.

The Chair, Jeremiah Donovan, con­cluded the meet­ing and thanked all those present for mak­ing the ef­fort to at­tend. He out­lined to the meet­ing that Kan­turk Credit Union are fi­nan­cially strong and in a po­si­tion to lend money to their mem­bers.

Kan­turk Credit Union has sur­plus funds to lend to new and ex­ist­ing mem­bers and the Credit Union’s in­ter­est rates are very com­pet­i­tive. The Credit Union is in a po­si­tion to con­sider loan ap­pli­ca­tions for amounts of up to €100,000 for a wide va­ri­ety of pur­poses and he would en­cour­age new and ex­ist­ing mem­bers to con­tact the Credit Union first to dis­cuss any bor­row­ing re­quire­ments.

Chris­tine and Matthew Collins of the Silby Food Com­pany were at the Kan­turk Men’s Shed Christ­mas Mar­ket.

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