History was made following a special visit by the country’s two most senior officials in the Irish League of Credit Unions (ILCU), to Letterkenny Credit Union.
CEO, Mr David Malone, and newly elected President, Mr Martin Busch met with the Board of Directors/Board Oversight Committee members, Senior Management Team, staff, and volunteers at the credit union offices on High Road.
It is the first time in the 61-year history of Letterkenny Credit Union that such two high ranking officers visited together.
The event/ and business meetings have been hailed as a major success. It took the form of a reception, business meeting with the Board of Directors and an open meeting with representatives of other Credit Unions across the county.
Speaking afterwards, Mr Paul Hume, Chairperson of Letterkenny Credit Union
said “This business meeting was memorable and beneficial for our credit union. We got
the chance, first-hand, to meet with the two most senior officials in the credit union
movement.
“It afforded our Board of Directors/Board Oversight Committee the opportunity to lay out the success of the credit union in Letterkenny, but more importantly to raise our key challenges and concerns at LKCU and tap into the huge opportunities ahead. Staff also enjoyed the opportunity to engage with the two special guests.
“The two guests were highly impressed with the knowledge, practical ideas and suggestions from our Board, and have promised to bring a report back to us in the coming weeks,” Mr Hume added.
Letterkenny Credit Union was first established in 1962.
Records show it started with twenty-four members, shares of £27 and no loans.
It now has around 25,000 members (growing every week), is holding over €116.7million million in members’ savings and has a loan portfolio of over €37.4million. This is a 7% (€2.45m) increase for the first eight months of the
financial year.
As well as providing loans for its members, the LKCU now offers a wide range of financial products and services including Mortgages, Current Account with Debit Cards, Foreign Exchange, Insurance and full digital services.
Thursday night marked, yet another milestone, in the rich history of LKCU. Mr Hume paid tribute to everyone at the credit union who made the visit possible, CEO, Mr Gordon Randles, Deputy CEO, Ms Gail Griffin, the Board of Directors, Board Oversight Committee, staff, and volunteers especially Kathleen Dorrian for invaluable input.
Paul Hume, chairman of Letterkenny Credit Union and Martin Busch, president of the Irish League of Credit Unions making a presentation to retiring director Maureen McDermott.
Gordon Randles, CEO, Letterkenny Credit Union with David Malone (centre), CEO, I.C.L.U. and Martin Busch, president, I.C.L.U. when they visited Letterkenny Credit Union on Thursday evening.
Paul Hume, Chairman of Letterkenny Credit Union making a presentation to Martin Busch, President of the I.C.L.U. who visited the Letterkenny office on Thursday evening.
Members of the Board of Directors with I.L.C.U. president Martin Busch and David Malone, CEO, I.C.L.U
