Credit unions have been recognised by the NI Assembly as an essential service, our focus throughout the pandemic has been to continue to work in a way that best works for our members, whilst complying with the public health guidelines and changing government restrictions. For this reason, it was decided to hold the 58th Lurgan Credit Union AGM remotely on Monday 6th December instead of the physical meeting originally planned, in an effort to keep all our members safe.
The AGM booklet can be accessed by clicking the link below. It details what has gone on in the credit union in the past year. We remain a vital part of the of the community, offering personal service, face to face and online accessibility, providing affordable and ethical services.
For the financial year 1 October 2020 to 30 September 2021 Lurgan Credit Union has provided £12,290,112 in loans, savings have increased to £72.6 million and membership has grown to 27,108 adult accounts and 3,854 minor accounts.
At the meeting, the dividend and loan interest rebate rates were proposed and voted on. Lurgan Credit Union will be paying in excess of £1 million back to our members in the form of Funeral Assistance, Dividend at 0.2% and Loan Interest Rebate at 20%. These will be posted automatically into member accounts before the Christmas holidays, check our social media for updates.
We want to take the opportunity to thank all our members for their loyalty and continued support in another successful year, working together we will make a positive difference and remain a cornerstone of the local community. We would also ask members to not just “shop local”, but to “borrow locally” too. As a financial co-operative Lurgan Credit Union is dependent on its members borrowing from it so that it can in turn invest in the services you require and also provide you with a financial incentive in terms of dividend and loan interest rebate.
Please ensure when visiting the office that you are mindful of social distancing and wear a face covering, unless exempt.