Connect with us

News

Killarney Credit Union continues to serve the community

Published

on

Killarney Credit Union.

K

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.”

Continue Reading
Advertisement

News

Ireland’s oldest citizen has Killarney connections

Ireland’s oldest woman met with President Michael D. Higgins at Áras an Uachtaráin this week. Máirín Hughes, who turned 109 on May 22 has strong Killarney connections. The previous record […]

Published

on

0258633_ARAS_AFTERNOON_TEA_MX-3.jpg

Ireland’s oldest woman met with President Michael D. Higgins at Áras an Uachtaráin this week.

Máirín Hughes, who turned 109 on May 22 has strong Killarney connections.

The previous record was held by 107-year-old Nancy Stewart who died on September 10 2021.

Although born in Belfast, Máirín went to school in the Mercy Convent. Her father was a customs and excise officer and the family moved around a lot eventually coming to Killarney after spells in County Down and Dublin.

Her mother came from the Rathmore area and her father was from Newmarket in County Cork.

She attended the Mercy Convent and has, in previous interviews, recalled growing up on the shores of Lough Lein.

“Neighbours who had three children were given the job of taking me to school,” she said. “They were annoyed because the children were going to school for two or three years but I was put in to the same class as them – my mother had taught me.”

In 2021 she featured in the book ‘Independence Memories: A People’s Portrait of the Early Days of the Irish Nation’, sharing stories of being kept in school in Killarney during an attack on the RIC barracks down the road.

In 1924 she started a degree in science and a diploma in education at University College Cork, before working in the pathology lab in University College Cork’s Department of Medicine for 16 years.

last year she recalled her story on the podcast: ‘Living History – Irish Life and Lore’.

During the broadcast she talked about her parents’ membership of the Gaelic League in 1910; the Spanish Flu in Ireland in 1918; The Black and Tans in Killarney in 1921; the early days of the new Free State; Eucharistic Congress in Dublin in 1932, visiting the Basket Islands in 1929; and working in the UCC medical laboratory from 1932 until 1948.

This week President Michael D. Higgins hosted an afternoon tea event to celebrate the important role that a variety of people have and can play in different communities and Máirín was among the guests of honour.

Continue Reading

News

Philip is running over 100kms for Cancer charity

Local runner and charity fundraiser Philip Kissane is set for the biggest challenge of his career as he lines up for the Cork City Marathon on Sunday. Phillip has already […]

Published

on

0258691_Philip_Kissane_23.jpg

Local runner and charity fundraiser Philip Kissane is set for the biggest challenge of his career as he lines up for the Cork City Marathon on Sunday.

Phillip has already completed four half marathons at various locations around Killarney – all in aid of Kerry Cancer Support Group – or the Cancer Bus as it popularly called.

This is the second time that Phillip has run four half marathon and an official race for the charity.

Back in 2021 he finished with 5km Run Killarney event but his finishing race this time around is over eight times the distance at 42kms.

“We are delighted with Philip’s continued fundraising support but also with his awareness raising for the charity,” Breda Dyland, Service Manager Kerry Cancer Support Trust.

“We are getting busier all the time and still get no statutory funding so are dependent on fundraisers like Philip’s to keep us on the road. We have just put our new wheelchair accessible bus on the Cork route so Philip’s funding will be going towards the operation of this vehicle.”

Attachments

Continue Reading

LOCAL ADS

Last News

Advertisement

Sport

Trending