Connect with us

News

Local credit unions launch new agri loan product

Published

on

S

Six credit unions in the Kerry/Cork region have launched new agri loan product ‘Cultivate’.
The new credit union farm lending offering was officially launched on Wednesday, by IFA National Chairman - Farm Business, Martin Stapleton. It will be available at Killarney Credit Union, Listowel Credit Union and Cara Credit Union in Kerry, as well as Ballincollig Credit Union, Bantry Credit Union and Kanturk Credit Union in Cork.
The credit union farm lending project is modelled on a pilot initiative by four credit unions in Galway, who launched the Cultivate brand in 2017. Since then, 20 credit unions throughout Ireland have introduced the agri loan product to members.
Since its introduction, Cultivate has proved very popular with farmers with nearly €20m in loans issued to farmers. The Cultivate farm loans are for a wide variety of purposes, everything from working capital, cash flow, farm development, livestock purchase, farm machinery purchase, rural enterprise funding, and start up farm finance.
“We are delighted to officially launch the Cultivate agri loan products to credit union members in the Cork and Kerry areas,” Brendan Heneghan, former Regional Manager with Teagasc, and project manager of the Cultivate brand, said.
“We have been working hard on this project for the past number of months. Credit Union agri loan staff have completed a bespoke five-day course on Farm and Finance organised by Teagasc in association with Pallaskenry Agricultural College. Credit unions are now open and ready for business.”
The Cultivate farm loan package will offer loans up to €50,000 for a variety of purposes with a competitive loan rate. The term of the loan can be up to seven years. Loan protection insurance is also provided on the loan at no additional charge.
“We hope that farmers will look to their local credit unions as an alternative for farm finance,” Mark Murphy, CEO, Killarney Credit Union said.
“After all, credit unions are embedded in their local communities and are in a position to lend to those living or working locally. Our loans are unsecured, and we can offer a variety of repayment schedules to suit farmer’s needs.”
Appointments can be made to meet a Cultivate Farm Advisor on 064 6631344 ext. 2 or loans@killarneycu.ie. Further information on Cultivate farm loans is available from any of the credit union branches or on www.cultivate-cu.ie.

Advertisement

News

Deenagh Lodge to host Alzheimer’s Memory Walk

Published

on

By

Killarney National Park will serve as the venue for this year’s Kerry Alzheimer’s Memory Walk on Sunday, September 20.

Participants will gather at the Deenagh Lodge ahead of an 11.00am start to complete a 5km scenic route through the park.

The event takes place on the eve of World Alzheimer’s Day as part of a nationwide series of walks supported by Aviva.


Now in its seventh year, the initiative raises vital funds for The Alzheimer Society of Ireland to support local dementia services, including daycare centres, family carer training, social clubs, dementia cafés, and the national helpline.

Last year, nearly 3,000 walkers across Ireland raised over €240,000 for the cause.


The Kerry walk will be led by local champions Kathriona Sheehan, Niamh Murphy, Lynda Phillips, and Melissa Molyneaux, who are walking in support of all those living with dementia.
“We are proud to lead our annual Alzheimer’s Memory Walk supported by Aviva to help fund local dementia services in Kerry,” they said. “The event is about community and helping spread awareness by walking together to raise vital funds for care, support, and hope for the days ahead. Join us in Killarney on Sunday, 20th September to show your support.”


With over 40 walks scheduled across Ireland, members of the public can walk in memory of a loved one or to show solidarity. Further details and registration are available at memorywalk.ie.

Attachments

Continue Reading

News

Gary Moynihan wins racecourse style title

Style reigned supreme at Killarney Racecourse as local resident Gary Moynihan and Offaly’s Sylwia Novak captured the top honours at the Canella Lane Best Dressed Day. Moynihan, a local neuromuscular […]

Published

on

Style reigned supreme at Killarney Racecourse as local resident Gary Moynihan and Offaly’s Sylwia Novak captured the top honours at the Canella Lane Best Dressed Day.

Moynihan, a local neuromuscular therapist, claimed Best Dressed Gentleman in a made-to-measure six-button burgundy double-breasted suit with a navy check from Saville Menswear in Cork. He completed the winning look with a shirt and paisley tie from Simply Suits Killarney and brown derby shoes from Pavers at the Killarney Outlet Centre.
Best Dressed Lady was awarded to Novak, a hospital personal assistant from Tullamore, who wore a red polka-dot ensemble and custom hat designed by milliner Rita Daly, featuring sustainable jewellery made from recycled plastic.
Canella Lane owner Ciana Aspell praised the high standard of fashion on the day, while Killarney Racecourse Manager Karl McCay thanked the sponsors and racegoers for their support.
With the summer season now wrapped up, the team at Killarney Racecourse is gearing up for the October Festival on October 4 and 5, featuring its first-ever Student Raceday with SPIN South West on the Monday. Early ticket booking is advised.

Continue Reading

Last News

Sport