Due to recent queries from our members, we would like to update our members on our 2016 AGM.
The annual meeting was not held in December so as not to clash with the 50th anniversary celebrations that were held on the 9th December, which properly honoured our founding volunteers and our Jadotville veteran members.
Our financial statements are currently with the Central Bank and they have told us they are happy with them, however we are waiting for them to confirm that in writing.
The Board of Directors are pleased to advise members that Athlone Credit Union is a well-financed Credit Union. At the annual meeting members will hear that the surplus for the year to the end of 30th September 2016 was over €1.9M. Reserves are at €14.7M which is 84% (or €6.7M) above regulatory requirements. At the annual meeting the Board will be proposing generous rebates and a dividend well above that available from other financial institutions. Athlone Credit Union continues to be an excellent choice for saving and borrowing for our members.
The Board of Athlone Credit Union are extremely happy with the financial position of our Credit Union, and would like to assure members that our finances are among the best within the Credit Union movement in Ireland.