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