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Killarney Credit Union continues to serve the community

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Killarney Credit Union.

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KILLARNEY CREDIT UNION has €45 million available to lend in 2017 and has in the past year provided €13.1 million in loans in the local community.

These and many more figures emerged as Killarney Credit Union held its annual general meeting in December. The event, in The Gleneagle Hotel, Killarney, heard how the credit union is now serving the needs of 25,000 members.

In existence since 1970, Killarney Credit Union has seen strong growth in the past 12 months. Mark Murphy, CEO of Killarney Credit Union, said: “The assets at the credit union now stand at a very healthy €105 million. In the past year, we facilitated the people of Killarney and Kenmare with over 2,500 individual loans to a value of €13.1 million.”

With the initial signs of economic recovery in the local economy, members’ confidence has seen a saving increase of 8% bringing total savings in the credit union to €91 million. Due to this increase, in July 2016, the Board of Killarney Credit Union took the hard decision to limit savings to €50,000 per member. This decision affected less than 1% of the membership of the credit union and is being monitored on an ongoing basis.

The credit union declared a dividend of .25% on shares held in the credit union. The credit union introduced a new IT system in October which allows for greater functionality and this includes online banking and mobile apps for members. It also introduced a range of new loan products including home, business, and bridging finance during the year.

“There is strong demand for the development of new products and services such as electronic payments, direct debits, debit cards, insurance cover and new loan rates. We are continually reviewing our product and service offering for members to meet their needs. Our home and business loan products are proving popular with members since their introduction this year,” added Mr Murphy.

The credit union has been heavily involved in sponsorship of local clubs, societies and charities in the past 12 months with over 50 groups receiving €20,000 in sponsorship. The credit union has an ethos of supporting local initiatives.

Pat Delaney, chairman of Killarney Credit Union, added: “We are proud of the role we continue to play in being more than a financial institution but a valuable resource to the South Kerry community and its people. Even though the initial signs of economic recovery are clear, it is only right that every credit union continues to make responsible and prudent decisions going forward. We are delighted to offer our members a return on their savings by paying a dividend this year. We would like to thank all of our members for their continued loyalty and support of our services.”

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Town centre hotel slashes energy costs by over a third after retrofit

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A full energy retrofit at Scott’s Hotel will cut annual energy costs by more than a third, highlighting how hospitality businesses can benefit from available grant supports.

A showcase event at the hotel on Friday last heard how the project has significantly reduced carbon emissions while improving energy efficiency and the overall guest experience.

The project, delivered by Energywise Ireland under the SEAI Community Energy Grant (CEG) scheme, included a 162kW solar PV system, cavity and attic insulation, a hot water system upgrade and a new air conditioning system.

The renewable energy company said the retrofit has the potential to result in a 36% reduction in annual energy costs.

It’s also advising that companies and community groups can avail of grant amounts of between 30% and up to 50% for non-domestic buildings.


Berth Sheehy, CEO of Energywise Ireland said: “We were delighted to be asked to take on this project at Scott’s Hotel Killarney and we’re very pleased with the results. Hotels operate year-round with significant energy demands, so the impact of targeted measures can be substantial.

This project shows how businesses can reduce energy costs and emissions while making their operations more efficient.”



Managing Director at Scott’s Hotel Maurice O’Donoghue added: “Like many hospitality businesses, energy costs are a key consideration for us. We received sound, practical advice from Energywise Ireland and the results have exceeded our expectations. Not only have we reduced our energy use and running costs, but we’ve also improved comfort levels for guests throughout the hotel.”

The SEAI is encouraging other businesses across the country to explore available grant supports. Spokesperson Katerina Leromonahos said: “SEAI offers a range of supports to help businesses improve energy efficiency, from community-based projects to direct business grants.

These supports help businesses reduce energy use and lower running costs. We would encourage businesses to explore the options available and seek advice, including through registered One Stop Shops, to find the approach that best suits their needs.”


Founded in 2009, Energywise Ireland is a nationwide provider of energy services, specialising in renewable energy and retrofit solutions for domestic, commercial and agricultural clients. Its services include solar PV, heat pumps, EV charging systems and full energy upgrades, delivered through SEAI-supported programmes including its registered One Stop Shop.

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Shades are spot on for the greening of Killarney

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Killarney will leave every other town in the country green with envy when the whole place turns a distinctive shade of green in the lead up to and during the St Patrick’s Festival.

From early this month, buildings across the town and the surrounding area will be illuminated in vibrant green, including landmarks such as St Mary’s Cathedral, the Franciscan Friary, St Mary’s Church of Ireland, Methodist Church, Ross Castle and Killarney Courthouse.


In addition, several hotels, shops, restaurants and pubs will join in the celebration and a public vote on Facebook will select Killarney’s Best Green Themed Building.


Shop windows will be decorated, locals and visitors dress in shades from emerald to lime and colourful hats and costumes add to the fun.


Businesses have been urged to make a special effort this year and the entire town will be a winner.

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