Letterkenny Credit Union now has more than 25,000 members and more than €100 million in members shares, its AGM will hear next week.
Members will meet at Letterkenny’s Mount Errigal Hotel on Tuesday next, December 20th to hear how the credit union performed in 2022.
Members will hear how the credit union has opened its first mortgage accounts this year.
In his chairman’s report, Ciaran Haran also notes “In light of the increases in bank interest rates we foresee a rise in our mortgage applications as our interest rater of 3.75% will now be more competitive.”
Through the year Letterkenny Credit Union issued almost €19 million in loans.
And despite the challenging economic climate, CEO Gordon Randles said he sees area for growth for the organisation.
“It remains out key objective to deliver exceptional service to you and to introduce new services, technologies and products that will continue to deliver this objective.
“Through the continued support of our members we will continue to grow and are optimistic about the future despite the considerable challenges that lie ahead.
And he added “Our loan rates continue to be very competitive when compared to other lenders and we would encourage all members to consider us first when borrowing,” he said.
The full reports and latest news from the Letterkenny Credit Union performance this year will be given at their AGM which is open to members next Tuesday.