Credit Union celebrates growth

Members of Kilrea, Rasharkin & Dunloy Credit Union recently joined 2000+ delegates for the Irish League of Credit Unions AGM, which returned to Belfast this year, and where very positive Northern Ireland Annual Results where announced across all key performance measures of members, savings, loans and assets.

Attendees heard that credit unions in Northern Ireland continue to perform well in a struggling economy, as highlighted in the Irish League of Credit Unions’ 2013 financial summary for the province’s credit unions.

Speaking from the Waterfront Hall, Kilrea, Rasharkin & Dunloy Credit Union Ltd’s representative, Claire Doherty, said: “KRD Credit Union are delighted to join our colleagues to hear how our movement is flourishing in Northern Ireland, and engage in key strategic planning for our future. Certainly, our own credit union, which has been serving the local community since 1964, has seen a demand in services from our members, and the need for affordable credit has perhaps never been greater.

“At a time when many other financial institutions may have lost some of their lustre for the public, the credit union ethos is both relevant and attractive.

“Over the decades we have remained true to the concept of mutuality, providing essential financial services to everyone regardless of their class, creed or income level. Because each credit union is run by its own members, solely for members’ benefit, we are building social capital within our communities.

“As we continue to build membership and respond to the demands of existing members to expand and develop credit union services, we see huge opportunity for growth.”