Our History
1964. Dungannon Credit Union Limited was founded.
Initial steps for starting the CU in Dungannon were made by Rev Francis Mac Larnon then Principal of St Patrick's Secondary School. He was aware that many of the people in the area were experiencing financial hardship.
The first committee: Rev F.McLarnon D.D (President), Patricia McCluskey ,
Michael McGrath (Treasurer), Dermot Fox (Secretary),
James Kelly, Patrick Fox, Harry McGuuigan, Thomas McCall,
Patrick McCooey, Donagh Begley
First Supervisors: Kathleen O'Brien, Patrick Keenan, Peter Wright
First meetings in St Patrick's Hall; then premises rented in Anne St.
1965 Premises rented in Irish Street
1966 Michael McGrath attended the first seminar run by the CU for directors. 5days in Gormanstown Co Meath. John Hume was National President at the time.
1970 Purchased our own premises in Irish Street for £12,000
1994 Opened our present offices in William Street
Today
We own modern well equipped premises.
We have:
Over 6,000 members.
Over £10 million in savings.
Over £7 million out in loans.
Our minors (under sixteen years of age) have almost £400,000 in savings.
In forty years members have borrowed and repaid over £40 million.
Members have received almost £2.5 million in dividends.
Members have received over £0.5 million in interest rebate (only started in 1999).
| |
Membership |
Savings |
Loans Issued |
Net Assets |
|
1964 |
|
£1,824 |
£1,776 |
|
|
1974 |
|
£129,823 |
£119,684 |
£136,782 |
|
1984 |
1302 |
£506,401 |
£424,050 |
£568,543 |
|
1994 |
2505 |
£1,993,115 |
£1,904,607 |
£2,499,648 |
|
2005+ |
Over 6000 |
Over £10 million |
Over £7 million |
Over £11 million |
| |
|
|
|
|
Mission Statement
We recognise that we are a community based co-operative organisation endeavouring to satisfy the financial needs of our members by providing high quality and excellent service based on mutual respect, trust and integrity.
Our Values
Respect
We respect each person whether he or she is a staff member, credit union member, or an elected or non elected volunteer
Caring
We care about people who are involved with us. We care about doing things well so that we can provide a service to our community.
Efficiency
We are committed to continuously improving how we work and how we provide our service so that our performance is consistent and effective.
Loyalty
Loyalty to the ideals of the Credit Union makes it easier for people to have a genuine commitment to support, encourage and help one another.
Professionalism
The Board of Directors is committed to the application of professional standards at every level of the work of the Credit Union. This will be reviewed regularly.
Integrity
We commit ourselves to being honest and fair in our dealings with one another in the Credit Union.
Competence
We recognise that staff and volunteers need to have regular training and development to support the efficient running of the Credit Union.
Not for Profit
Not for Charity
But for service
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