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Killarney Credit Union reports a strong financial year

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By Michelle Crean

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Killarney Credit Union (KCU) is reporting a strong financial year with over €140 million in assets – and €45m available to lend in 2020.

The credit union, which held its 2019 AGM on Wednesday evening in The Mangerton Suite Gleneagle Hotel, has grown its membership by 1,319 in the past 12 months. Savings have also increased to €121.5m, while the credit union has provided €1.3 in loans each month to the local community.

The credit union has been very active during 2019 with the launch of new agri loan product in March, a €10m collaboration with 16 other credit unions in Ireland with local fintech company Fexco. In October, it launched its current account service for members which is proving very popular.

While Killarney Credit Union has enjoyed a strong financial year it is faced with a challenging economic environment, especially with increased levies, low investment returns and decreased borrowing. It is important that the credit union continues to make responsible and prudent decisions to further strengthen the credit union. As a result, Killarney Credit Union will not be paying a dividend to its members this year.

“Having enjoyed a strong year in 2019, we are now very much focused on the future,” Mark Murphy, CEO of KCU said. “We are working hard to ensure that we will further roll out enhanced services for our members and meet the demand for different services and products. We see great opportunities for the credit union to grow and strengthen for our members in the coming year and this will be our priority.”

While KCU has a membership of 34,000, only 20 percent of members actually borrow from them, he added.

“In the past year, we have seen our loan book fall by 1.15 percent, as such lending is a core aspect of the business and we would encourage everyone to consider the credit union for their lending needs.”

Killarney Credit Union joined with other credit unions in Ireland in winning the CXi award for customer experience for the fifth consecutive year.

“Working together with our members we will remain a cornerstone of the local community, and weather the current challenges we face in relation to increased levy payments.”

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Tour de Munster raises €500k for Down Syndrome

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The Tour de Munster charity cycle has announced that last year’s 25th-anniversary event raised over €543,000 for Down Syndrome Ireland (DSI).

The final total was officially revealed just before Christmas during a cheque presentation ceremony attended by cycling legend and long-time supporter Sean Kelly.


While the main sum benefits DSI, the inclusion of other individual charity choices by cyclists brought the overall event total to more than €575,000 for 2025.


The four-day, 600km cycle passed through Killarney last August as part of its route across the six counties of Munster.

Since its inception in 2001, the Tour has now raised a total of €5.5 million for Munster branches of Down Syndrome Ireland.


John O’Connor of Down Syndrome Kerry said: “Each stop on the route is an occasion of great joy and gives us all a great lift, the support from the cyclists and the public is invaluable, enabling us to provide crucial services for our members in the Kerry branch.”


Each participant covers their own expenses, ensuring that all funds raised go directly to the charity.

The money supports essential services and facilities for individuals with Down syndrome and their families throughout the region.

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Tributes paid to Killarney Athletic stalwart Toni Fleming

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Tributes have been paid across Killarney following the death of Toni Fleming of Ardshanavooley and formerly of Dalton’s Avenue, who passed away peacefully on Christmas Day in the care of the Palliative Care Unit at University Hospital Kerry.

A lifelong and hugely respected member of Killarney Athletic A.F.C., Toni was regarded as one of the driving forces behind the club for more than five decades.


He joined Killarney Athletic in 1971, played for many years and was affectionately known as ‘Tappy No. ‘ for his goal scoring ability.


He later served as chairman on two occasions and remained deeply involved with the club right up to recent times, often arriving early each morning to carry out whatever tasks needed to be done.


Killarney Athletic A.F.C. said Toni was “a true gent and a wonderful clubman” who would be greatly missed.

The club formed a guard of honour outside St Mary’s Cathedral following his Requiem Mass on Saturday morning, with members wearing club colours as a mark of respect.


Toni was also widely known in the town for his community involvement.

At Jimmy Brien’s Bar he was remembered as a regular and a great character who played a major role in organising charity initiatives, including the cancer bus bottle drive which raised thousands of euro over the years.


Kerry Football Club also expressed its sympathy, noting that Toni was the father of long-time volunteer Lorraine and brother in law of matchday operations manager Gerardine Nagle.


Toni is survived by his wife Phil, son Stephen, daughters Lorraine and Amanda, his grandson Ethan, great grandchildren Maddison and Theo, brothers, sister and extended family.
He was laid to rest following his Requiem Mass at St Mary’s Cathedral.

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