NO DIVIDEND BUT GOOD RESULTS FROM MITCHELSTOWN CREDIT UNION
Those who attended the 46th annual general meeting of Mitchelstown Credit Union in The Firgrove Hotel recently were told their credit union had recorded an operating surplus of close on €1million along with a 1.8% growth in membership.
In the course of the evening, a tribute was paid to the late Ann Hickey, Ballylanders, who had served with distinction as a volunteer and staff member for over 20 years.
There were about 130 people present to hear president, Micheal O hAonghusa say that this year’s operating surplus was ‘a significant improvement on the previous year’ when the credit union showed an overall deficit in excess of €1.7million which had mainly arisen due to investment losses of €2,372,399.
Thursday 3rd January 5:31pm