Good News for Savers and Borrowers at Recent Dundalk Credit Union AGM
The out-going Chairman of Dundalk Credit Union, Tom D’Arcy, told a packed and very successful AGM in the Town Hall on Tuesday night last,
“Dundalk Credit Union has had a very good year and has maintained its position and reputation as one of the strongest Credit Unions in the Country. I am pleased to be proposing to the meeting to return almost €1.5m to members by way of dividend and loan interest rebate”
While in his detailed presentation to the AGM, Billy Doyle, CEO said
“Dundalk Credit Union is very much open for lending with 93% of all loan applications totalling €25m approved during the year. Dundalk Credit Union has ample funds available for lending and we are eager to lend. There is no waiting period for new members to borrow”.
Paddy Donnelly Elected As New Chairman
At a meeting of the Board of Directors which was held immediately after the AGM concluded, Paddy Donnelly was elected as the new Chairman of Dundalk Credit Union. Jennette Hardy was elected as Vice-Chairman while Sean McDonald was re-elected as Secretary. Speaking after his election Paddy Donnelly said:
“It is a great honour and privilege to serve as Chairman of Dundalk Credit Union – an organisation that has been at the heart of the community of Dundalk and the surrounding areas for so many years. The Credit Union’s scale, reach and ethical approach has resulted in a best-in-class financial service being provided to over twenty five thousand members while at the same time it also has fostering a deep engagement and support for our community”