Monday, December, 5th, 2022 in Credit Union News
The Annual General Meeting of Enniscorthy Credit Union Limited will be held in The Riverside Park Hotel, Enniscorthy on Thursday 15th December 2022 at 7.00 pm. All members are welcome to attend.
Continuing to operate in the shadow of the cost-of-living crisis brought on by the war in Ukraine, the Board of Directors of Enniscorthy Credit Union continues to make responsible and prudent decisions to further strengthen our credit union. As a result, Enniscorthy Credit Union is not proposing a dividend or loan interest rebate to its members for the 2022 Financial Year. Enniscorthy Credit Union will continue to take a prudent approach to reserve management due to the current challenging economic environment and the uncertainty in our economy at present. With the continuous growth in Inflation and Interest rates, we will continue to build adequate levels of reserves to ensure financial stability and resilience for our members. We understand that not declaring a dividend and interest rebate is disappointing for members, but this action will place us in a better position to deal with the uncertainty going forward.
We know our members value the continued service we provide. At Enniscorthy Credit Union, we can assure our members that we will continue to look after their needs. We also want to take this opportunity to thank all our members for their loyalty. Working together with our members we will remain a cornerstone of the local community, and weather the current challenges we face.
Enniscorthy Credit Union